UAE: Tips to avoid being defrauded of your money online

To avoid losing money to rampant scammers boils down to how you can mitigate risk!

Last updated: July 17, 2020 | 11:05

2 MIN READ

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Scammers often combine new technology with old tricks to get people to send money.

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Here are some practical tips to keep yourself from being targeted by crime and always be a step ahead.

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Set up email or message alerts for every card payment made.

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It doesn’t prevent card theft, but it provides a real-time warning.

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However, this service comes at a cost as this is a paid-for service from banks.

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Reduce the number of websites where you save card information.

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Experts suggested using money transfer apps like PayPal, Apple Pay, Google Pay as it helps limits the possibility of fraud.

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Wary of linking your bank account with your card – and possibly exposing it to hacking or fraud? You are not alone.

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The pandemic has expanded the use of money transfer apps and also some new money transfer frauds.

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Lately, scammers have been laundering stolen cash through the apps.

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Regulators say that in some cases the initial payment came from a stolen card.

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So, to avoid this, only use money transfer apps for sending money to people you know.

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Software does flag some out of place transactions, but technology often falls behind sophisticated crooks.

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Fraud experts say if more countries adopted an extra mandatory layer of security, online purchases can be safer.

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Install an ad blocker to prevent unnecessary online intrusion.

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Ad blockers help protect privacy and improve your protection against malware attacks.

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Some sites have proven to have a massive number of trackers.

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Limit use of public Wi-Fi as much as possible.

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Scammers use their phones or laptops and see what you’re sending or receiving, using free “sniffer” programs.

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Social media and WhatsApp encrypt your messages, so do websites whose addresses begin with https.

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