An investment scam is where scammers convince you to invest in high return investments. The investments vary widely and may be in shares, real estate, bonds, mortgages, options or foreign currency trading, bitcoin, even betting syndicates and foolproof prediction software.
Scammers may claim to be bankers, stockbrokers, financial planners or other investment professionals, they may seem knowledgeable on investment matters and even send you links to legitimate looking fake websites and prospectus documents. Often the account name you are directed to pay differs to that of the investment company.
Online investment scams have been known to use celebrities’ names and pictures (without them knowing) to endorse their schemes.
Card skimming is the illegal copying and capture of magnetic stripe and PIN data on credit and debit cards. Skimming can occur at any bank ATM or via a compromised EFTPOS machine.
Captured card and PIN details are encoded onto a counterfeit card and used to make fraudulent account withdrawals and transactions.
Financial institutions, government agencies and most organisations will never contact you requesting access to your device, share your passwords, secure codes or other personal information via a pop up or a phone call. Never share these with anyone, regardless of the claims being made. Always call organisations back on trusted numbers found on their website or phone directory to validate any of these types of requests.
Think you’ve been targeted or see anything unusual on your accounts? Report it now and find out what additional support is available.