0420 318 663 - Scam Alert: Sophisticated PayPal Fraud

• Scam

The phone number 0420 318 663 has been reported as a scam call linked to PayPal impersonation. Learn how to recognise and manage calls from this number effectively.

Understanding the Threat of 0420 318 663

The phone number 0420 318 663 / 0420318663 is currently classed as a scam, with user reports indicating that it is involved in a sophisticated scheme targeting Australians by impersonating PayPal and financial institutions. Such fraudulent activities are alarming, and it is crucial to remain vigilant when handling calls from this number.

The Scam Uncovered

As revealed in user reports, the callers using this number claimed to be from PayPal, which raises immediate red flags. The tactic employed involves forwarding victims' calls to individuals posing as representatives of their bank’s investigative fraud squad. This method is particularly deceptive as it exploits trust in well-known financial institutions and can lead to significant financial losses for unsuspecting individuals.

How to Handle Calls from 0420 318 663

If you receive a call from 0420 318 663 / 0420318663, here are some steps to consider:

• Do Not Engage: Avoid providing any personal or financial information over the phone.
• Verify Independently: If you think the call may be legitimate, hang up and contact your bank or PayPal directly using official contact details from their website.
• Report the Incident: Notify the Australian Competition and Consumer Commission (ACCC) or your local authorities about the scam calls you’ve received.
• Utilise Reverseau: Use services like Reverse Phone Lookup Australia to identify the callers behind suspicious numbers.

Conclusion

Being targeted by scams can be an unsettling experience, but awareness and prompt action can significantly reduce the risk of falling victim to such fraudulent activities. Always remember to question unknown callers, especially when they claim to represent reputable financial organisations. For any suspicious calls, including 0420 318 663 / 0420318663, use tools and resources to protect yourself better and stay informed about the latest scams operating in Australia.