UAE Debit/Credit Card Fraud; Central Bank issues warning

By Rahul Vaimal, Associate Editor
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UAE’s central bank (CBUAE) has warned UAE banking consumers of the increased number of fraudulent activities observed since the spread of novel coronavirus pandemic and subsequent lock-downs.

The apex bank has requested the users not to disclose private information such as personal and bank account information to any person or entity.

CBUAE Fraud Messages Images

Whatsapp messages on the above nature have been sent across to various UAE bank customers over for several months now.The bank remarked that all banks in operating in UAE including the Central Bank itself do not request such information from consumers and warned them of malicious phone calls and fraudulent messages that they may receive via WhatsApp using CBUAE name and logo.

CBUAE has cautioned consumers not to answer such calls and messages, as well as opening any attached links to avoid data exposure to malicious websites.

Anyone who has been receiving similar messages or has acted on such communications is requested to report the matter to the relevant authorities when they receive fraudulent calls and messages or in the event of financial fraud. The Central Bank confirmed the collective efforts of the concerned authorities in the UAE to limit financial fraud activities and to raise public awareness about it.