It’s hard to go a week without hearing about a new scam on the news, but if we’re lucky we don’t usually encounter one ourselves. Recently that changed, as one of our staff members experienced a close call with his credit card. It’s the first time we’d come across a scam like this, which was very brazen. We thought it was worth sharing, as we’re all now being encouraged to use 2-factor authentication more and more, and scammers are clearly adapting.
At work and our staff member’s mobile phone rang. It was a private number. Normally he’d just ignore private numbers, but this time he picked up. Initially, he thought that was a good decision. On the other end of the phone was a man with a proper sounding English accent from Bankwest. He held a credit card with Bankwest.
Not only was the English voice from Bankwest, but it was also from the Bankwest fraud department!
“Oh dear,” he thought.
The English voice asked had the cardholder made two transactions. One for a company called “mediamarkt” and another with booking.com, both transactions were in Auckland. Combined, they totalled over $3000.
“No, I haven’t made those transactions.”
Read the full “Scams Like These” Post.
This represents general information only. Before making any financial or investment decisions, I suggest you consult a financial adviser to take into account your personal investment objectives, financial situation and individual needs. Anyone looking to build a portfolio should seek financial advice to find out which strategy is right for them, if you are a high net worth investor looking financial advice then you should consider a financial adviser with high net worth experience, they can help you identify your goals and put in place a reliable strategy to pursue them.
