CBA warns of Cryptocurrency Fake News Scam

Key Takeaways:

  • Commonwealth Bank of Australia (CBA) issued a statement informing people about a bogus news report spreading over social media.
  • The CBA claimed that the bogus news report was a planned ruse to get readers to visit the scammer’s website and supply personal information and money.

The Commonwealth Bank of Australia (CBA) issued a statement on Tuesday (April 19). The statement issued was informing that CBA has come across a bogus news report that the bank was cooperating with a cryptocurrency trading platform.

The bogus story had been circulating on social media platforms like Facebook, claiming to be a report from the Australian Broadcasting Corporation (ABC) news website.

The CBA “reported the scam to the relevant authorities and ordered social media publishers to take down the bogus item,” according to the announcement. The CBA also claimed that the post was a planned ruse to get readers to visit the scammer’s website and supply personal information and money.

The CBA also urged its Australian customers not to respond to or follow the link to the scam article’s website if they receive it by social media or another medium, such as text message or email.

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Chaahat Girdhar

I'm Chaahat Girdhar, a journalist by profession who's turning her dreams into vision and vision into reality. I'm curious and have an appetite for gaining new knowledge. So I'm looking forward to learning things in the better way possible.