ASIC emphasises that it does not request payments via email or text messages for the release of funds. Australians are advised to exercise caution and verify the authenticity of any communication claiming to be from ASIC. If in doubt, individuals should contact ASIC directly through official channels to confirm the legitimacy of such requests.

To protect oneself from such scams, it is crucial to remain vigilant and skeptical of unsolicited communications requesting personal or financial information. Always verify the source before making any payments or sharing sensitive information. Reporting suspicious activities to ASIC can also help in preventing others from falling victim to these fraudulent schemes.