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Financial fraud experts in the UAE advise residents to use common sense online, protect card details, and verify secure shopping websites. They warn there are no shortcuts to quick money—and online scams can be as damaging as physical theft.
ABU DHABI // Financial fraud experts have simple advice on thwarting online thieves.
Amir Kolahzadeh, managing director of ITSEC, one of the Middle East’s industry leaders in cyber security, said it was often a case of using common sense.
When it came to debit and credit cards, Noor Bank’s Waleed Barhaji said it was important to protect details such as the card number, expiry date and the card verification value code at all costs.
Mr Barhaji said residents should ensure that online shopping websites were secure before making any payments.
Legal consultant Hassan Elhais said another thing to keep in mind was that there was no “short cut” to getting quick money.
For individuals who are victims of financial crime, Mr Elhais said the effects can be devastating.
Clinton Firth, cyber advisory leader for the Middle East and North Africa at Ernst & Young, said losing money through online scams was no different to losing money during a physical robbery.
This article was originally posted on The National | UAE, March 26, 2016. Written by Jennifer Bell
