ASIC Issues Warning Against Scammers Impersonating the Regulator

Scammers have been increasingly impersonating the Australian Securities and Investments Commission (ASIC) through various means, including emails, texts, and fake websites. ASIC has issued several warnings, emphasizing that the organization never communicates via text messages, including those using “alpha tags” to display “ASIC” as the sender. These scams often request personal or financial information, or ask victims to transfer funds between bank accounts under the guise of securing assets or resolving an investigation. ASIC advises consumers to verify any communication by contacting them directly using official channels. The rise in these scams highlights the need for vigilance when engaging with communications purporting to be from government agencies.