A recent study shows that shopping scams and identity theft are the most common types of fraud in the UAE, with an alarming 56% of residents indicating they encounter scam attempts at least once a month. These findings highlight the increasing sophistication and frequency of fraudulent schemes aimed at consumers and businesses in the region.
Scammers frequently take advantage of online shopping platforms, presenting fake products or posing as reputable retailers to deceive unsuspecting victims. Identity theft remains a significant issue, as fraudsters utilize stolen personal information to gain unauthorized access to financial accounts or engage in other criminal activities.
The report stresses the need for increased vigilance and public awareness to address these escalating threats. Residents are encouraged to verify the authenticity of websites, refrain from sharing personal information with unverified sources, and report any suspicious activities to the appropriate authorities.
Financial institutions and cybersecurity experts are working together to improve security measures and educate the public on how to recognize and avoid fraud. As the UAE advances its digital transformation, authorities are intensifying their efforts to combat these scams and create a safer online environment for all.
