Bank Scam: UAE-Based Bank Rolls Out A Campaign To Warn Residents Against Data Fraud Schemes

Moreover, UAE Banks Federation has rolled out a campaign that warns residents against fraud schemes, fake callers and anonymous entities who will try various tricks to extort your money.

Recommended

Dubai Duo To Conquer 7 Marathons On 7 Continents In 7 Days For Charity CauseAbu Dhabi Ends 2024 Supercross Season With A Bang!Ed Sheeran Is Coming To Abu Dhabi!

UAE Banks Federation has released a list of precautionary information on a number of common frauds that despondently take place on a regular basis:

1. ATM fraud
2. Data privacy fraud
3. Email fraud
4. Fund transfer fraud
5. Lottery fraud
6. Magic ink fraud
7. Phone fraud
8. SIM card swap fraud

For more information on this, click here.

If your service provider confirms no network outage and/or issuance of replacement SIM card, register a complaint with the service provider and check your bank account immediately. To know more about this fraud, and how to protect yourself visit: https://t.co/gKUXpJzoxe#UAEBF pic.twitter.com/UBbxdpX76D

— UAE Banks Federation (@UAEBF) June 18, 2020

Do not respond to unsolicited calls or text messages asking for your sensitive information

From data breach to a SIM card swap fraud, here are some common ways you can safeguard your personal details and prevent yourself from falling victim to scammers and fraudsters.

1. Limit the information you share on social media platforms.
2. Do not keep any personal details such as your phone number, date of birth visible for all on social media.
3. Create strong & complex passwords and change them frequently.
4. Never use the same password across all applications.
5. Always use a secure internet connection and trusted computer for accessing online banking facilities.
6. Do not download unknown apps and if you do so, do not allow them access to your contacts, photos, any other access which it may ask for.
7. Format your old PC/Mobile, before discarding it.
8. Do not respond to unsolicited calls or text messages asking for your sensitive information. Your bank will never ask for your confidential details over the phone.
9. If your service provider confirms no network outage and/or issuance of replacement SIM card, register a complaint with the service provider and check your bank account immediately.
10. Regularly check your bank statements and transaction history for any irregularities.
11. Never reveal answers to your “security questions” to anyone.

في حال انقطاع الخدمة عن هاتفك. اتصل بمزود الخدمة، قد لا يكون ذلك مجرد انقطاع بالشبكة! تعرف على الخطوات التي يمكنك اتخاذها لحماية نفسك: https://t.co/PTiFO4jbVV#محاربة_الاحتيال #معاً_في_مواجهة_الاحتيال #المحتالون_يستهدفونك @ADPoliceHQ @DubaiPoliceHQ @uaeinsuranceaut pic.twitter.com/v6qWLi46wN

— UAE Banks Federation (@UAEBF) June 16, 2020

For more info on how to safeguard yourself from telecom service scams and data privacy related frauds, click here.

ALSO READ: UAE Issues Travel Guidelines For Passengers Travelling Out Of The Country For The Summer