Financial fraud


This section provides vital information on how to protect yourself from financial fraud. understanding the common mistakes that lead to fraud and the tactics used by fraudsters is crucial for safeguarding your personal and financial information. we also offer practical steps to avoid such scams and guidelines on responding if you suspect fraudulent activity. this knowledge is essential for maintaining the security of your financial accounts.

Key mistakes that expose you to financial fraud:

  1. Disclosing your financial and personal information to unknown individuals or entities.

  2. Allow others to use your bank card for payments or permit payment transactions at point-of-sale devices away from your presence.

  3. Being careless with opening unknown electronic links received via email or social media.

  4. Using untrustworthy websites for shopping and entering financial data for payment transactions on these sites.

  5. Hastily providing your financial and personal information without verifying the entity you are dealing with.

Methods Used by Fraudsters to Obtain Your Personal/Financial Information

  1. Impersonating official representatives or known government entities, claiming the existence of deposits or financial rights due to you.

  2. Posing as financial institutions and investment companies, offering investment opportunities with high returns and asking for money transfers.

  3. Faking websites of known entities to obtain your information illegitimately.

  4. Sending fake text messages or emails, impersonating a known commercial entity.

How Can I Avoid Financial Fraud?

To protect yourself from fraud, follow these four steps:

  1. Stay informed about financial fraud methods and warnings issued by relevant government bodies.

  2. Do not rush to provide your personal and financial data to any entity through a link, text message, website, or phone call claiming to be from a government or commercial entity.

  3. Verify the identity and legitimacy of any entity requesting your personal and financial information through text messages, email links, or social media, as these are mostly fraudulent.

  4. Immediately inform your financial institution and the relevant security authorities if you suspect you have been a victim of financial fraud.

What Should I Do If I Receive a Fraudulent SMS?

Forward the received text message along with the sender's number to the unified number: 330330

General Guidelines

  • Keep your personal information and card details confidential, and do not disclose them to anyone.

  • Use official websites and applications of financial entities for financial transactions, and download them from official and trusted sources.

  • Access official websites only through their official addresses; do not click on any link claiming to be from a commercial, government, or financial entity.

  • Do not give your bank card to anyone for payment transactions, and ensure that the transaction is conducted in your presence.

  • If you lose your ATM or credit card, immediately contact the issuing bank to report the loss and stop the card.

  • Change the PIN for all your cards regularly and after returning from travel outside the kingdom through official communication channels.

  • Do not respond to assistance requests from strangers while using an ATM or paying bills.

  • Install protection software on your mobile or personal computer to make internet browsing safer.

  • Report any suspicious transactions on your card to stop them and take necessary actions to protect other customers.

  • Do not use the same PIN for more than one card.

  • Do not share the verification code sent to your mobile by the financial entity with anyone else to prevent your accounts and funds from being stolen.