Banks across the UAE are cautioning residents about various types of scams designed to extract personal and financial information. These warnings come through regular emails and messages from local banks, urging customers to stay vigilant against fraud.
Scammers employ a range of tactics, from fake job offers to impersonating government officials, to deceive bank customers. Here are eight specific frauds that UAE banks are warning their customers about:
1. Mobile or Toll Account Recharges
Illegal websites, sometimes appearing in search engine results, mimic legitimate sites. Residents are advised to verify the authenticity of the link or domain name and look for security locks and certifications. Customers should also double-check the amount and currency of the recharge and the merchant’s name before completing any transactions.
2. Mismatched IBAN
To avoid transferring funds to scammers, banks urge customers to always ensure the IBAN matches the account name they intend to transfer funds to.
3. Unrealistic Job Offers
Scammers often send messages offering substantial daily earnings, such as $500 (Dh1,835). “Beware of scammers pretending to be recruitment managers of global companies offering exciting side-hustle opportunities via unknown WhatsApp numbers, SMS, or emails,” warn the banks.
4. Loyalty Programme Frauds
Messages claiming that reward points are about to expire are another common scam. Banks advise customers to be cautious of SMS or messages asking them to log in to certain websites to claim points. Fraudsters can steal money or personal information through these deceptive sites.
5. Fake Calls and Messages About Bank Details or Credit Cards
Imposters posing as companies or suppliers may try to extract personal information and bank details. Bank customers should verify such requests with authorized personnel from the relevant company before taking any action.
6. Impersonating Government Officials
A recent scam involves fraudsters tricking residents into believing their passports have been suspended and asking for residential addresses to avoid fines. Customers are advised to block and report such messages immediately.
7. Social Engineering Fraud
Customers should be cautious of social engineering fraud, which occurs when they respond to unknown people on social media and share personal data, such as one-time passwords (OTPs). This can lead to financial losses and other personal data breaches.
8. Calls From Fake Bank Officials
Scammers may call customers pretending to be bank officials and ask for account and fund details. Banks emphasize that they will never ask for such information over the phone. Customers should hang up and alert their bank or authorities if they receive such calls.
By staying informed and cautious, residents can protect themselves from these common scams and safeguard their financial and personal information.
