ASIC Continues Strict Watch on Industry by Warning Customers of Email Scams

ASIC warns customers to be wary of scam emails and gives tips on self-protection.

The Australian Securities and Investments Commission (ASIC) has always viewed scammers as very dangerous to the financial industry, and as such keeps a very close watch on them. This time, it has warned consumers to be aware of scam emails that claim to be from ASIC.

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The warning says that some customers have been receiving emails purportedly from ASIC, asking them to click on links and download attachments. It added that the scammers use such methods to receive payments, spread viruses and install malware on the devices of hapless customers.

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ASIC Commissioner John Price said: “It is always important to be wary of unsolicited emails that demand payment or contain suspicious attachments or links, especially if you have never dealt with the organization they are from.”

According to ASIC, any email that requests payment over the phone, requests payment to receive a refund, requests credit card or bank details by email or phone, or instructs the client to download software, is not from ASIC and has to be treated suspiciously.

ASIC advised that customers should keep their anti-virus and malware software up to date and should avoid clicking on suspicious links. ASIC also said that it is better to have a firewall enabled and to scan email attachments with good security software, especially if they contain .exe or .zip files.

The ASIC has also encouraged its customers to report any kind of suspicious activity through its website, and also follow its instructions to protect themselves from any kind of scams.

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