0480 048 972: Scam - Investment Fraud Attempt

• Scam

The number 0480 048 972 has been reported as a scam related to investment fraud. Learn how to identify similar calls and protect yourself from such solicitations.

The phone number 0480 048 972 / 0480048972 has recently garnered attention among Australian phone users as a suspected scam number. Reports indicate that individuals have been contacted by a person claiming to represent an investment company, inquiring about shareholders' investments in the Australian Stock Market. This type of call is a blatant attempt at investment fraud, where scammers try to extract personal financial information from unsuspecting victims.

Users who received calls from this number expressed their suspicion right away, leading many to label the number outright as a scam. In one notable incident on 05/09/2024, a user reported that when approached, the caller asked intrusive questions about their investment portfolio. Rightly so, the caller was met with a quick hang-up, as they had no legitimate reason to access such personal financial information.

Investment scams of this nature often rely on high-pressure tactics and assertive questioning to trick individuals into revealing sensitive information. Scammers may fabricate stories of profitable opportunities, targeting those who may already be engaged in the stock market or investment landscape. This specific pattern indicates that 0480 048 972 / 0480048972 is a number to be cautious of and to refrain from disclosing any personal details.

So, what should you do if you receive a call from 0480 048 972 / 0480048972 or a similar number? Here are a few guidelines:

• Do not disclose any personal or banking information over the phone.
• If unsure about the caller's legitimacy, hang up and research the number using a reverse phone lookup service like Reverseau.
• Report suspicious calls to local consumer protection authorities or the Australian Competition and Consumer Commission (ACCC).
• Trust your instincts—if a call seems dubious, it likely is.

In conclusion, 0480 048 972 / 0480048972 is predominantly labelled as a scam number due to its connection with investment fraud attempts. Stay vigilant and informed; protecting your personal and financial information is paramount in today’s digital age.