The corporate watchdog is suing multinational banking giant HSBC over a scam that netted $23 million, alleging it failed to protect 950 Australian customers from a long-running "spoofing" scam.

Criminals masquerading as HSBC workers infiltrated genuine text message chains from HSBC or ... increased the risk of unauthorised or scam payments. “We allege that from at least January 2023 ...

Fraudsters tricked customers by using software to send out text messages to customers that appeared to be from HSBC. The 'spoofing' scam also used calls that appeared to be from the bank.

there are ways to spot the scam. Most organisations protect their 'Sender ID' so text messages should be from 'HSBC' or 'Royal Mail' instead of a generic phone number. Don't always trust the number ...

Kelly Keating and her family were scammed out of $50,000 in November by a man pretending to be part of the HSBC fraud team. Credit: Tony McDonough Kyle, an engineer, received two text messages on ...

A major bank is warning people to watch out for an impersonation scam involving buying gold and handing it over to criminals for 'safekeeping'. HSBC UK has warned of a 'worrying trend' where ...

Loading Scams, which grow bolder and more sinister ... Fraudsters were also able to infiltrate genuine text message chains from HSBC to make victims believe their accounts had been compromised ...

SYDNEY—Australia’s corporate watchdog is suing the local unit of HSBC HSBA0.66%increase ... bank failed to protect customers from criminal scams. The Australian Securities and Investments ...

Dec 16 (Reuters) - Australia's corporate regulator has initiated legal action against the local affiliate of the global bank HSBC (HSBA.L ... reducing the number of scams occurring in the ...

The "spoofing" scam relied on fraudsters using software to disguise their phone number so that text messages appeared in the same text chain as legitimate HSBC messages. Scam calls also appeared ...