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

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

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

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

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

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

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

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

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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. Image Credit: Stock image

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

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

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

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

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

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

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

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

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

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

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

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

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