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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
May 5,2020

Dubai, May 5: Saudi Arabian prosecutors have ordered the arrest of a Saudi citizen for insulting an Asian expatriate and abusing him for not embracing Islam.

A video went viral online showing the expat, apparently with little knowledge of the Arabic language, being insulated by an Arabic-speaking man who does not appear in the clip, for having not embraced Islam and for not fasting.

A monitoring centre affiliated with the public prosecution examined the video the content of which “shows the citizen’s use of abusive words against the Asian resident on the pretext of inviting him to Islam,” the prosecution source said.

“The public prosecution closely follows up whatever infringes rights of citizens and residents including harm to their dignity and legal rights regardless of pretexts of such infringement,” the source added.

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News Network
April 27,2020

Dubai, Apr 27: Saudi Arabia has reported 1,289 new Covid-19 cases on April 27, its Ministry of Health tweeted.

Of the newly diagnosed cases, Jeddah recorded 294 infections, followed by Makkah (218) and Madinah (202).

The ministry also confirmed five additional coronavirus-induced deaths, spiking the total death toll to 144.

2,507 people are talking about this
Since the outbreak of the virus strain in the Chinese city of Wuhan late last year, Saudi Arabia has reported a total of 18,811 Covid-19 infections.

As many as 2,531 patients have till now recovered from the virus.

Oman
The sultanate registered 51 new Covid-19 cases on April 27, including 37 nationals and 14 expatriates, spiking the total number of infections to 2,049, Oman News Agency tweeted.

Meanwhile, 10 coronavirus-related deaths have been confirmed in the country.

Qatar
The Ministry of Public Health has reported 957 Covid-19 cases among the 3,420 people tested in the last 24 hours.

As many as 85,709 people have been tested for the virus across the country.

The total number of Covid-19 infections since the outbreak has now risen to 11,244.

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Agencies
July 28,2020

Dubai, Jul 28: Abu Dhabi Commercial Bank (ADCB) (ADCB.AD) is letting go hundreds of employees, sources said, the latest in a round of lay-offs by regional banks as pressure mounts to cut costs amid lower oil prices and the coronavirus crisis.

The UAE’s third-biggest lender is laying off 400 employees, two sources familiar with the matter said, after it had committed to not cutting staff because of the crisis.

In a statement, a spokesman said ADCB had pursued efficiency over the last decade by managing out its lowest underachievers after regular reviews, while ensuring talent was deployed in high-growth areas, such as digital banking.

“A certain number of redundancies are therefore expected every year in the normal course of business,” the bank spokesman added.

The sources said the cuts would involve ADCB’s consumer business and several in top management were among those being let go. One source said the bank was looking to close 20 branches.

In March, ADCB had declared, “No employee will be made redundant during 2020 as a result of the COVID-19 pandemic.”

UAE banks have been hit by government measures to rein in the spread of the virus, forcing many businesses to shut temporarily.

Last week, Dubai’s largest bank, Emirates NBD, reported a slump of 58% in profits. In June, sources told Reuters the bank started a new round of hundreds of lay-offs.

In May, ADCB reported a fall of 84% in first-quarter net profit as it took impairments of $292 million on debt exposure to troubled hospital operator NMC Health and payments group Finablr.

It was a major lender, with an exposure of about $981 million, to NMC Health, which went into administration this year after months of turmoil following questions over financial reporting.

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