ASIC warns public of email scam
The Australian Securities and Investments Commission (ASIC) has warned the public to be wary of an email claiming to be from Sydney Credit Union which contains reference to ASIC chairman Greg Medcraft.
The email claims that recipients are entitled to a significant compensation payment — but the regulator stated that it is a scam and has urged recipients to delete the email.
ASIC added that people who believe they have fallen victim to this scam or believe their accounts may have been compromised should contact their credit union, building society or bank immediately.
"Scammers may use fake websites, links or logos as well as the names of real businesses," ASIC commissioner Peter Kell said.
"Consumers are encouraged to conduct some basic checks before acting on an email or phone call out of the blue."
ASIC's warning signs include:
- Receiving a surprise call or email claiming you are entitled to a compensation payment or funds recovered from an earlier scam;
- The caller or sender pretends to be from a real business, government agency or financial organisation; or
- The scammer will request payment via a money transfer service or personal or banking information.
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