fraud

How they workScammers pretend to be officers from Citi and will inform you that your credit card has been blocked due to unauthorized transactions. They will ask you to re-activate your card by clicking links in their emails or by providing your card details and One-Time PINs on a fake website.

The internet has given us innumerable advantages – but digital connectivity also brings with it many risks. And as significant portions of our lives move online, from shopping and travel bookings to banking and investments, the likelihood of being targeted by scammers increases.

As we spend more time online on more platforms than ever before, scammers have found new ways to con us into parting with our money. This article explains what steps UAE residents can take if they are victims of bank fraud.

Automated Teller Machines (ATMs) have steadily increased in popularity since their introduction in 1967. From cash withdrawals and deposits to transfers and airtime purchases, a good number of financial transactions can be completed at ATMS.

10 tips to stay safe when banking online in the UAE Whether it’s paying your bills or sending money overseas, online banking has proved particularly convenient over the coronavirus pandemic. Managing your money over the internet is both safe and convenient in the UAE – provided you follow a few basic protocols.

With all of us spending more time than ever at home over recent months, we’ve also been living a greater proportion of our lives online. In October, a survey was carried out across several countries found that the impact of the COVID-19 pandemic has changed how we use e-commerce and digital solutions.

First there was phishing (Email). Then came smishing (Phishing through SMS).

Have you ever received a text message that claimed to be from your bank, Central Bank or Police, asking you to click on a link or call a phone number to verify or re-activate your frozen account? If your answer is yes then you may have been targeted by a smishing scam.

According to the 2017 Norton Cyber Security Insights, a report by Symantec Corporation, credit cards cybercrime incidents have affected over 3.7 million consumers.