According to a recent study released on Thursday, more than half of UAE residents have experienced online or phone scams at least once, with 17 percent falling victim to multiple scams.
Overconfidence and Risk:
Visa’s annual Stay Secure study highlighted a concerning trend: despite 61 percent of UAE shoppers claiming to be scam-savvy, nine in 10 consumers are still vulnerable to scammers due to overconfidence.
Neil Fernandes, Visa’s head of risk for Middle East and North Africa (Mena), emphasized the evolving sophistication of scams in today’s digital landscape.
Criminals use persuasive tactics to deceive victims, such as fabricated parcel delays, expired subscription notices, or enticing free vouchers.
Caution in the Digital Realm:
Fernandes stressed the importance of heightened caution in the digital payment sphere, urging UAE consumers to comprehend the language of fraud.
Crafting messages that appear genuine and compel immediate action, scammers continuously adapt and adopt new approaches to deceive recipients.
Authorities, law enforcement agencies, and financial institutions have consistently issued alerts, advising residents against sharing personal and financial details with strangers.
Additionally, residents are encouraged to shop via reputable platforms to evade falling into fraudsters’ traps, as reported by the Khaleej Times.
Protecting Against Cyber Frauds:
Simple yet effective practices were suggested to safeguard against cyber frauds:
- Keep personal account information confidential.
- Verify links before clicking to ensure authenticity.
- Regularly check purchase alerts for real-time notifications.
- Contact corporate websites or card providers directly for validation.
Conducted across Central and Eastern Europe, the Middle East, and Africa by Wakefield Research, the study uncovered an intriguing correlation.
UAE consumers who perceive themselves as more knowledgeable about scams are paradoxically more likely to respond to scammer requests than those who consider themselves less informed.
Concerns and Statistics:
The survey revealed substantial concerns among respondents:
- 51 percent fear their friends or family might fall for scam emails offering gift cards.
- 33 percent worry about children, minors, and retired individuals becoming scam victims.
Actions Taken by Respondents:
The Visa survey found that:
- Only 60 percent verify if communications are from valid email addresses.
- 51 percent check for company names or logos in messages.
UAE Launches Updated Labour Accommodation System to Enhance Worker Wellbeing
Dubai Taxi Expands Fleet with 94 New Vehicles, Market Share Set to Increase
India Unveils Crew for Historic Gaganyaan Space Mission
UAE Introduces Dh10,000 Fine for Late Corporate Tax Registration
New Visa Screening Center Opens in Abu Dhabi’s Al Shamkha District
IHC Introduces AI to Boardroom, Transforming Decision-Making Process
“Unleashing Extraordinary Ambitions: Rigul Kalra’s Journey of Entrepreneurial Brilliance”
Rihanna’s Fenty x Puma Makes a Comeback with New Sneaker
Anya Taylor-Joy and Malcolm McRae Tie the Knot in Romantic Venice Wedding
American firm to buy Everton Football Club
Celebrities Embrace Pantless Trend at New York Fashion Week
Alexander McQueen Names Seán McGirr as Creative Director
- Fashion2 days ago
“Transforming Faces, Empowering Souls: The Makeup Journey of Abeeha Mamoon”
- Travel & Hospitality3 days ago
5-Year Multiple-Entry Visa: A Boon for UAE Residents and Tourists
- Real Estate2 days ago
Unlock Affordable Homeownership in Dubai: Explore Pocket-Friendly Deals with 1% Down Payment Options
- UAE News3 days ago
Dubai Launches Dh112 Million Creek Restoration Project
- UAE News2 days ago
UAE Allocates $10 Million Grant to Support World Trade Organisation Initiatives
- Business Insights2 days ago
Qatar Airways Group Launches ‘Our Habitas Ras Abrouq’ Resort on Qatar’s West Coast
- Human Interest1 day ago
Badshah Lights Up Dubai’s Untold Music Festival with Vibrant Performance
- Legal2 days ago
Ras Al Khaimah Tightens Traffic Laws, Introduces Stricter Penalties from March 1