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Westpac issues warning over sophisticated scam — News For Finance

Westpac issues warning over sophisticated scam

Westpac Bank is warning about a sophisticated new scam involving professional-looking fake documentation.

Westpac says the scammers used convincing language to make the scam seem credible. (File image)
Photo: 123rf

The bank said considerable effort had been put into making an authentic-seeming investment prospectus booklet.

Westpac NZ chief risk officer Carolyn Kidd said internet searches for information about investments and term deposits were surfacing the material.

Westpac said considerable effort had been put into making an authentic-seeming investment prospectus booklet.

Cover sheet of the fake investment prospectus.
Photo: Supplied

Some of the websites purported to help people compare investments.

People were then asked to enter personal information and the scammers followed up with calls or email.

Kidd said the scammers used convincing language, making the interactions seem credible.

“We have had a handful of reports about the scam so far. We want people to be…

Read full article here: www.rnz.co.nz