 "Watch out for sophisticated bank impersonation scams")
With the rise in sophistication of banking scams, the ACCC is warning all Australians to be extra vigilant about any unexpected phone calls or text messages purporting to be from their bank.
Scammers are using new technology to make it look like their phone call or text is coming from a genuine bank phone or text number, often urging an immediate response from the consumer. Messages will often refer to suspicious activity on the account or freezing of funds to prompt an immediate response.
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