Westpac issues sophisticated scam warning

Westpac says the scammers used convincing language to make the scam seem credible.

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

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

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

Some of the websites purported to help people compare investments.

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

Kidd says 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 vigilant and report any suspicious activity so our financial crime team can investigate."

If someone suspects they may have been targeted by this scam they should call the Westpac NZ contact centre on 0800 400 600 or talk to one of the Westpac NZ branch team.


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