The Saudi Arabian Monetary Agency warned on its website of the four main methods of financial fraud, specifying them as follows:
1- Anonymous sources claiming to be official bodies such as banks or government institutions such as the monetary institution call on your mobile phone or send text or email messages asking you to disclose your credit card data or the secret numbers of your bank accounts, on the pretext of updating your data, winning a prize or having a problem with your bank account It needs to be solved.
2- Dealing with unlicensed entities and individuals working in an irregular manner offering services related to granting loans at better terms and prices, or paying loans and financial troubles without logical conditions, as they may pay you for your signature on documents that require you to pay larger amounts.
3- The data of your bank accounts and credit cards are exposed to diversion due to the lack of protection programs in your computer or mobile phone when using electronic channels for banks, or using unreliable online shopping websites when purchasing.
4- Installing small cameras or readers on the ATMs, which would allow fraudsters to read bank card information.