Sophisticated methods of stealing it ... and the most common deception
A global black market for selling "bank card" data on the Internet
The concerned agencies provide adequate protection systems ... and cardholders must maintain the confidentiality of their data.
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Khaled Al-Junaibi: "Cybercrime perpetrators rely on two methods: advanced technology and the gullibility of victims."
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The first chief prosecutor at the Public Prosecution in Dubai, Dr. Khaled Al-Junaibi, has warned of a global black market for selling bank card data, calling for maintaining the confidentiality of card data.
He revealed, to "Emirates Today", that a person was finally surprised to withdraw money from his bank card before using it, as an unknown person managed to obtain the secret numbers and the expiration date and activate the card and use it.
Al-Junaibi added, "This is a rare case, but it confirms that fraudulent gangs are now using advanced methods and techniques in hacking operations."
He explained that "the relevant agencies in the state provide adequate protection systems, but card holders must be responsible for maintaining the confidentiality of their data."
Al-Junaibi said that the report of the World Organization for Fraud revealed extremely dangerous information regarding this type of crime, as it was likely that 90% of bank cards worldwide were stolen, pointing to the existence of a major black market on the Internet for selling card data.
He explained that «these crimes depend mainly on two types of methods: the first is the use of advanced techniques in penetration operations, which is very rare in the country thanks to the strong protection systems.
The second, and the most common one, is for the victim to be a reason for leaking his card data, by naively disclosing it, as a result of luring him with a prize or deceiving him with a phone call from a fake bank employee who persuades him to update his data, and obtains from him confidential information that he is not supposed to disclose even to the bank employees themselves. ».
He revealed a person who had been persuaded by a cyber fraudster to disclose his confidential data on the pretext of updating his card, and he was asked to make five money transfers via an ATM to complete this process.
He added, "The victim was not surprised that the bank resorted to this strange way to update the card data, and made the full five transfers."
Al-Junaibi added, “The fraudsters were using the prize-inducing technique to persuade victims to disclose their confidential information.
However, the continuous awareness alerted community members to the danger of this behavior, which prompted them to adopt other methods, such as: impersonating bank employees, and communicating by phone with victims with the aim of updating data, ”noting that they“ speak professionally and psychologically manipulate victims, by convincing them that their bank accounts are You will close and freeze their funds if you do not respond to them.
They may transfer the call from one criminal to another to give the victim the impression that they are really talking from the bank. ”
He stated that investigations into these cases have found that the defendants use SIM cards registered in the names of people who have left the country, or buy them from a black market designated for this, in order to make it difficult to pursue them.
Fraudsters choose their victims randomly, and if they can get only 100 dirhams from each victim, they will make a lot of money.
He stressed that banks send text messages almost daily to their customers warning them not to disclose any phone data. Indeed, they prevented their employees themselves from obtaining data by phone or even through the branches, and created an automatic system that allows the customer to enter his data by himself far from any human element. So people have to respond and protect their data.
A fraud victim telling her story
A victim of electronic fraud reported that she received a call from a person speaking with an Asian accent, in which he told her that he was an employee of an Islamic bank in the country, and that he needed information from her to update her bank card information.
To be reassured, he informed her that she would receive a letter from the bank immediately.
She actually received a letter bearing the bank's logo, so she approved the call, disclosed to him the old password for the card, and its numbers, then told her that she had received a letter from the bank bearing the one-time password, which the banks require when making electronic cash transfers from the account.
She added that she felt suspicious, hung up the call with him, told her husband what happened, and informed her that it was a fraud, and he asked her to transfer the sums in her account to his account before the fraudster withdrew them, and she responded to him, and was able to save her balance.
• Cyber fraudsters hack a bank card, before its holder can use it.
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