UAE: Credit card details of many customers stolen

News Network
December 3, 2017

Dubai: The central bank in United Arab Emirates has asked financial institutions to cancel the credit cards of those customers whose detains have been reportedly stolen.

"Please note that these details have been compromised and thus, contact the persons mentioned in the enclosed list if they are your customers, and take the required action to cancel the relevant credit cards," said a circular sent by the UAE Central Bank to local and foreign banks and finance companies operating in the UAE.

According to sources credit card details of around 250 customers have been compromised. The central bank details showed that all the cardholders are based in Dubai. However, the issuing banks were not mentioned in the curricular.

The curricular - sent to banks on November 29, 2017 - contains credit card numbers, email addresses and mobile numbers of the affected customers.

A news paper reported that some UAE residents shared their harrowing stories on Reditt regarding card frauds they faced after transactions at shopping malls, petrol pumps and online stores.

Residents have been advised not to share credit card details and PIN numbers with petrol station attendants, shopping mall receptionists and anyone on the Internet - not even with relatives and friends. The banks advise their cardholders to change PIN numbers time and again for security reasons.

John Shier, senior security adviser, Sophos, said people should feel free to browse deals on their smartphones but be cautious of the wireless network they're connected to when shopping online.

"Only enter your credit card information when you're on a secure network that you trust. And remember the best way to keep your money safe is to use online payments system such as PayPal or your credit card. Where possible, avoid using debit cards to purchase gifts online," says Shier.

The simplest - and one of the most common - method employed by cybercriminals is that they take a popular online brand and change one letter or two to trick people into clicking and sharing personal information.

"Always check the spelling and be on the lookout for smart typo-squatting like the famous Tvvitter attack," adds Shier.

But if a customer has fallen a victim to a phishing attack, he must change the password immediately and contact the bank to see if there has been any fraudulent activity.

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News Network
March 16,2020

Cairo, Mar 16: Saudi crown prince Mohammed bin Salman said G20 summit will work to combat coronavirus and coordinate efforts to ease its economic burdens, state news agency SPA said on Sunday.

In a phone call with British Prime Minister Boris Johnson, Salman discussed international efforts to fight the flu-like disease, saying the next G20 summit, which will be hosted by the Kingdom, will work on finding medical solutions, SPA added.

The G20 Summit is an annual gathering of representatives of the world's largest economies.

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News Network
May 20,2020

Cairo, May 20: A senior Kuwaiti lawmaker has called for imposing a tax on expatriates’ remittances to shore up the country’s finances.

MP Khalil Al Saleh, the head of the parliament’s Human Resources Committee, has presented a draft law on the proposed tax to the legislature.

“Imposing fees on expatriates’ transfers will have a role in improving the state's revenues and diversify sources of income,” he told Al Rai newspaper.

Migrant workers transfer about 4.2 billion dinars annually from Kuwait, he added, citing figures from Kuwait’s Central Bank.

“This system is in effect in most countries of the world and in more than one Gulf country. Expats there have not objected to it. Allowing this money to exit the country is very dangerous and has a direct effect on economy,” MP Al Saleh said.

“We do not target brotherly expats because imposing symbolic fees on financial transfers will not affect their money, but will have a positive effect on the state’s sources,” he said. “This has become a necessity after the money transferred outside Kuwait has reached 4.2 billion dinars annually without the state [Kuwait] making any benefit from this.”

Foreign workers make up 3.3 million of Kuwait’s 4.6 million population.

Several Kuwaiti public figures have recently pushed for redrawing the demographic imbalance in the country, accusing expatriates of straining health facilities and increasing the Covid-19 threat.

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News Network
March 23,2020

Dubai, Mar 23: All inbound, outbound and transit passenger flights to and from the United Arab Emirates – home to one of the world’s busiest hubs – are to be suspended for two weeks.

The UAE’s National Emergency Crisis and Disasters Management Authority (NCEMA) and General Civil Aviation Authority (GCAA) has announced that passenger flights to, from and through the country will be suspended from 25 March for a period of two weeks, in order to “curb the spread of the Covid-19”.

Freight and emergency evacuation flights will still be permitted to operate.

The suspension affects major global hubs in Dubai and Abu Dhabi. Dubai-based Emirates has already announced that it will suspend most of its passenger flights from 25 March.

“Additional examination and isolation arrangements will be taken later should flights resume, in order to ensure the safety of passengers, air crews and airport personnel and their protection from infection risks,” state the NCEMA and the GCAA.

Dubai International Airport was the third-busiest airport in the world in 2018, handling 89 million passengers.

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