From there, they're usually directed to transfer funds into a bank account or provide their credit details to make a deposit for their "investment". Some victims are contacted by phone about offers of investment opportunities, while others search for investment opportunities online, find a fake but very convincing-looking, third-party comparison website and complete an enquiry form. How does this scam work? There's a few ways. What's the scam? Scammers impersonate real financial companies or banks and claim to offer government/treasury bonds or fixed-term deposits. Scamwatch says you should contact the company directly if you think you have an unpaid bill, making sure you use the contact details you've found yourself online, in the phone book or on a previous bill, not the ones supplied by a suspected scammer. What can I do to protect myself? Never click any links that seem suspicious. Linkt says people should check for common signs of phishing sites, such as spelling errors and poor grammar and to be wary of URLs that don't start with.
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