Australian Watchdog ASIC Warns of Scam Emails

A warning has been issued about scam emails which are supposedly from ASIC but are fake.

The Australian Securities and Investments Commission (ASIC) today published a statement warning the public to be vigilant of scam emails purporting to be from ASIC.

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It has been brought to ASIC’s attention that some customers have received emails containing attachments or links to fake invoices. Fake emails may look different to ASIC emails and generally instruct the recipient to click a link to make a payment or download an invoice.

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Scammers also use viruses, spyware or malware programs to access or steal personal information.

ASIC Commissioner John Price said: “Scam emails often appear at busy times of the year such as holiday and tax time, when it’s easy to overlook something suspicious.”

The Australian watchdog has urged the public to be cautious and to implement measures to protect themselves online, including keeping anti-virus, malware and spyware protection software and firewalls up-to-date and to be sure that email attachments are scanned with security software before opening them, especially if they are executable (.exe) files or zip (.zip) files. These files are more likely to contain malware or ransomware viruses.

Financial Services Regulation

ASIC is Australia’s corporate, market and financial services regulator. Its role is to enforce and regulate company and financial services laws in order to protect Australian consumers, investors and creditors. Its latest advice is part of the watchdog’s ongoing efforts to protect the public against the risk of potential scams and money falling into unscrupulous hands.

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