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Average damage caused by banking fraud amounts to US $ 54 per incident
they called and in 25 % cases they even knew bank card credentials . The most common myths were the need to confirm the data ( 70 %), information about the banking card blocking ( 77 %) and the loan offer ( 72 %).
In almost a third of the cases ( 38 %), the criminals were trying to get a code from SMS or card data and in every third case ( 32 %) they tried to convince a person to transfer money to an allegedly secure account .
According to Kaspersky survey , more than half of users ( 53 %) of people in the United Arab Emirates ( UAE ) faced banking fraud at least once in the first half of 2020 . In most of the cases ( more than 85 %) the banking fraud occurred via the phone , while the calls were received mainly during business hours from Monday to Thursday , from 11am to 6pm .
More than half ( 68 %) of people in the United Arab Emirates realised immediately that scammers were trying to contact them and ( 32 %) grasped that they were being scammed only when they opened the link . Scammers targeted most of these people ( 87 %) through their personal emails .
Fraudsters are seriously preparing for such calls and are actively using social engineering methods .
According to the Kaspersky findings , in 36 % of cases , they mentioned the correct name and surname of the person whom
Amin Hasbini , Head , Middle East Research Centre , Global Research and Analysis Team , Kaspersky
“ Financial scams continues to grow , in particular we ’ ve seen a 43 % increase in financial malware in the first half of 2020 in the United Arab Emirates . But at the same time , unfortunately , many people still do not know how to recognise criminals and lose money as a result of simple scam schemes . In case of a phone scam it ’ s better to end the conversation and call the bank ' s official number should there be any suspicion ,” said Amin Hasbini , Head , Middle East Research Centre , Global Research and Analysis Team ( GReAT ) at Kaspersky .
Kaspersky shares a reminder of the basic security tips that will help you to stay safe from scammers :
• Be wary of any calls from people who claim to be bank employees
• Do not follow dubious links from SMS or messages received in messengers
• Never tell anyone CVV or codes from SMS or push notifications
• In case of any suspicion , immediately hang up and call the bank yourself at the number indicated on the back of the card
• Get cybersecurity on your phone – the best way to protect your online privacy and data on your mobile is to protect it . It is recommend to install Kaspersky Security Cloud •
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