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!

Published: July 14, 2020 18:00 Last updated: August 22, 2020 09:22 Justin Varghese, Your Money Editor

1 of 20

Scammers often combine new technology with old tricks to get people to send money. Image Credit: Stock image

2 of 20

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

3 of 20

Set up email or message alerts for every card payment made. Image Credit: Stock image

4 of 20

It doesn’t prevent card theft, but it provides a real-time warning. Image Credit: Stock image

5 of 20

However, this service comes at a cost as this is a paid-for service from banks. Image Credit: Stock image

6 of 20

Reduce the number of websites where you save card information. Image Credit: Stock image

7 of 20

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

8 of 20

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

9 of 20

The pandemic has expanded the use of money transfer apps and also some new money transfer frauds. Image Credit: Stock image

10 of 20

Lately, scammers have been laundering stolen cash through the apps. Image Credit: Stock image

11 of 20

Regulators say that in some cases the initial payment came from a stolen card. Image Credit: Stock image

12 of 20

So, to avoid this, only use money transfer apps for sending money to people you know. Image Credit: Stock image

13 of 20

Software does flag some out of place transactions, but technology often falls behind sophisticated crooks. Image Credit: Stock image

14 of 20

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

15 of 20

Install an ad blocker to prevent unnecessary online intrusion. Image Credit: Stock image

16 of 20

Ad blockers help protect privacy and improve your protection against malware attacks. Image Credit: Stock image

17 of 20

Some sites have proven to have a massive number of trackers. Image Credit: Stock image

18 of 20

Limit use of public Wi-Fi as much as possible. Image Credit: Stock image

19 of 20

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

20 of 20

Social media and WhatsApp encrypt your messages, so do websites whose addresses begin with https. Image Credit: Stock image

Your Money Budget Living

UAE: Tips to avoid being defrauded of your money online

More From Your Money

Credit turns costly for UAE expats facing cash crunch, with 4 lessons learnt

Euro vs Pound: Score savings by delaying remittance plans to December!

Downsizing to a single-salary household? Steps to manage sudden money loss

Remit now? Indian rupee touches new low of 22.97 against UAE dirham

GULFNEWS SECTIONS

Trending

UAE: Tips to avoid being defrauded of your money online

More From Your Money

Credit turns costly for UAE expats facing cash crunch, with 4 lessons learnt

Euro vs Pound: Score savings by delaying remittance plans to December!

Downsizing to a single-salary household? Steps to manage sudden money loss

Remit now? Indian rupee touches new low of 22.97 against UAE dirham

GULFNEWS SECTIONS