A court case in Dubai this week highlights the need for care when conducting financial transactions on the internet. A local bank has been ordered to indemnify a businesswoman who lost Dh48,000 after her account was hacked.
Such a case is neither in the interests of the bank nor its customers. Financial institutions have taken great strides, using the latest security and encryption technologies, to ensure they provide a safe environment to ensure trust in internet transactions. The case underscores the fact that crooks are always seeking to make easy money at the expense of banks, businesses or customers.
Through simple steps, we can all play our part in making sure online banking retains its hard-earned reputation as being secure. Never provide your details unless you're absolutely sure you're dealing with a genuine institution. Banks won't ask you for information they already have. Be discreet and cautious at all times.
