0420 525 170: Suspicious Call - Potential Scam from "Commonwealth Bank"

• Scam

0420 525 170 is reported as a suspicious number claiming to be from Commonwealth Bank. Learn how to handle calls from this number and protect yourself from scams.

Understanding the Concerns Surrounding 0420 525 170

The phone number 0420 525 170 / 0420525170 has been flagged by users as a suspicious caller, with a significant report indicating it may be attempting to perpetrate a scam. Specifically, a user reported an incident on 26 June 2023, where the caller identified themselves as "Brenda" from the Commonwealth Bank, falsely claiming that there was an attempt to purchase $1800 in Bitcoin from the victim's account.

Making Sense of the Scam

This type of call appears to be indicative of a common phishing scam, where fraudsters impersonate well-known financial institutions to extract sensitive information or induce panic in the victim. In this instance, the caller attempted to create a sense of urgency surrounding a fraudulent transaction, thereby manipulating the recipient into revealing personal information or making hasty decisions.

How to Handle Calls from 0420 525 170

• Do Not Engage: If you receive a call from this number, do not provide any personal information or financial details.
• Verify the Caller: Hang up and contact the official customer service of the Commonwealth Bank directly through verified contact numbers.
• Report the Call: Consider reporting the call to the relevant authorities, such as Scamwatch Australia, to help protect others.
• Use Reverseau: If you are unsure about a call, you can use a reverse phone lookup to identify the caller and uncover potential scams.

Protecting Yourself Against Similar Scams

Staying alert is your best line of defence against scams. Individuals should always be cautious when receiving unsolicited calls from numbers they do not recognise. As scams become more sophisticated, it's important to stay informed about common tactics used by fraudsters to ensure you can protect yourself effectively.

In summary, the number 0420 525 170 / 0420525170 is deemed suspicious and likely part of a scam operation falsely representing Commonwealth Bank. Remain vigilant and remember to always verify questionable calls with official sources. With tools like Reverse Phone Lookup Australia, you can easily determine who called you and avoid falling victim to scams like this one.