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'FRAUD': 1 million Aussies warned of bank scam text

·1-min read
(Source: Getty, Yahoo Finance screenshot)
(Source: Getty, Yahoo Finance screenshot)

Global bank Citibank has issued a warning to their Australian customers to beware of cyber criminals attempting to steal their banking information.

The New York-headquartered bank, which has more than a million Australian customers, sent the warning text to customers on Friday afternoon.

"Please be aware of scammers posing as the Citi Fraud Team asking customers to share their One-Time-Pin (OTP) over the phone," the text reads.

"Citi will never ask you for this."

(Source: Yahoo Finance screenshot)
(Source: Yahoo Finance screenshot)

Earlier this year, Citibank warned customers in an email to watch out for "imposter bond scams".

“Please be aware of scammers posing as Citi or other financial institutions offering high yield bond investments,” states the email from Citibank acting head of retail bank Richard Wilde sent in February.

Experts have warned of an uptick of scam attempts in the last few months as several global companies like Netflix and DHL are spoofed in deceptive phishing scams.

The names and branding of Australian companies, such as the big four banks, and parcel delivery service Australia Post are also regularly leveraged by malicious actors.

The text advised customers who have fallen victim to a scam to call the fraud team "immediately" on 1300 550 216.

Earlier this year, Citigroup announced it was selling its Australian retail arm.

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