Financial services ... warning about "lottery" fraud

Fraud occurs through the "lottery" when the victim receives an unexpected notification that she has won a large sum of money and urges her to demand the prize money. The victim is also required to disclose her personal and financial information, but she does not receive any prize money, but rather loses her own money in favor of the fraudsters, according to the Federation of Banks. The UAE, which explained that in a typical "lottery" fraud, fraudsters send mass messages via e-mail, text messages, and the WhatsApp application to inform victims that they have won the "lottery" or cash prizes.

He added that the message may contain links that arouse the victim's curiosity to click on them or encourage them to create a contact number or e-mail address. The fraudsters also ask the victim to pay processing fees and cash transfers to claim the prize.

The Banking Union stated that the language of these letters appears official and legitimate, which makes the victim fall prey to it, noting that fraudsters are persuasive, make calls and speak English fluently using well-prepared texts, and may appear as lawyers, claims agents, bankers and legal enforcement agents, and they can use any document that makes them worthy. With confidence and persuasion.

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