Including phishing by text and email messages and "secret ink"

Financial services .. Warning about methods and methods of financial fraud

Fraudsters use deceptive scripts to fake a victim's phone number.


Fraudsters follow different ways to steal clients' money, but taking the necessary steps and measures to ensure their protection, especially as many of them spend a long time on the Internet and electronic devices, especially with the change of lifestyle that has undergone major changes after the outbreak of the Corona pandemic, as this trend accompanied An increase in electronic piracy activity, as fraudsters and criminals intensify their efforts across the Internet to trap their victims and steal their money and data.

The Central Bank had issued many warning messages about the escalation of financial fraud crimes, and the Abu Dhabi Police and Dubai Police also warned community members to exercise caution and stay alert and protect themselves, especially with the increase in fraud.

For their part, banks operating in the country have warned of the methods and methods used by fraudsters to trap the victim, as follows:

- Phishing in the mail

It is an e-mail message received by the recipient and pushing him to take urgent action. It usually bears the logo of a bank. The topic may revolve around suspending the bank account, reporting errors in transactions, or winning a “lottery” prize.

You will be required to immediately call a mobile phone number or click on a website link, to send bank account details and personal data for "verification".

Phishing by text message

SMS phishing is usually similar to phishing emails, as it is carried out via text messages that appear to be from the bank, noting that fraudsters use deceptive text programs to forge the phone number.

Voice trolling

Phishing is in the form of a phone call from fraudsters impersonating bank officials, government agencies, or police officials, asking them to transfer money to pay an outstanding bill, disclose personal information, or threaten to stop a service.

Lottery messages

Fraudulent "sweepstakes" messages come via the instant messaging application "WhatsApp" in the form of a message, which is a picture sent from a prominent retail company, stating that they have won a big cash prize.

To receive the award, the letter requires disclosure of personal financial information.

- Switch the SIM card

Fraudsters use the method of fraudulent SIM swap, by obtaining a SIM card with your registered number itself, and they usually call the call service provider impersonating you.

Then they transfer incoming messages to them and carry out financial transactions with the bank.

Identity theft

Fraudsters can get your data from your personal identity after stealing your wallet, utility bill data, or bank statements, or hacking and stealing your accounts via social media.

Secret ink

Fraud occurs using secret ink (Magic ink), when a fraudster impersonating a bank employee offers you credit card offers or personal finance, and then asks you to sign a security check in favor of the bank using a pen containing secret ink, as the pen is replaced before you sign The check.

Later, the fraudster exposes the check to the heat, and the secret ink disappears, and then uses this bank check issued with your signature as he wants.

Steps to combat fraud

Abu Dhabi Islamic Bank identified a number of steps on how to deal with fraud cases, as follows:

For financial fraud cases, the bank should be contacted via the phone number registered on its website, instead of responding to an email or text message.

If you receive a phone call, you must immediately terminate it and contact your bank.

As for other fraud cases, such as "sweepstakes" or transferring funds, you should carefully check the email address or the "URL" for any inconsistencies, such as the presence of double characters or being a message from free e-mail platforms.

If this is the case, this email should be listed under the "Spam and Spam" category.

In case it was not, the customer should check the website of the institution or call its registered support number.

And upon receiving a phone call, the number must be verified, and anonymous phone numbers taken care of, and personal questions about the bank account or the mother’s middle name, and other details should not be answered.

Hackers impersonate bank officials to transfer money.

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