UAE authorities have warned the public to be wary of online fraudsters posing as official organisations to con people out of cash.
The Ministry of Interior issued an alert on Twitter about cyber criminals using the logos of police and other public departments to convince people to share their personal or financial information.
In such cases, the fraudsters use a real company’s name or logo and then link it to a fake website.
People unwittingly click on the link, which redirects them to the fake website where they are asked to enter their account or credit card details or other sensitive information.
And when fraudsters obtain this information, they can use it to gain access to the victim's bank account, make fraudulent purchases or even steal the person's identity.
“These messages appear to be from a government agency and have a secret OTP number and fraudulent links to trap people,” the ministry wrote on Twitter on Monday.
“The ministry sends messages through official channels and people should report such incidents.”
Authorities in the country regularly issue warnings to residents to protect them from being the targets of cyber criminals.
Last month, the Dubai Electricity and Water Authority (Dewa) warned customers to be wary of bogus messages asking them to pay their bills, answer questions or forward messages to friends to stand a chance of winning a prize.
“Dewa urges customers and society members to avoid opening attachments from unofficial sources or clicking on unknown links,” an email sent to all customers read.
“This may enable hackers to access your personal information, including your credit cards.”
A 2020 report by computer security company Kaspersky said that more than 600,000 phishing attacks were recorded during the coronavirus pandemic in the UAE while 2.57 million were reported in the Middle East.
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The bio
Who inspires you?
I am in awe of the remarkable women in the Arab region, both big and small, pushing boundaries and becoming role models for generations. Emily Nasrallah was a writer, journalist, teacher and women’s rights activist
How do you relax?
Yoga relaxes me and helps me relieve tension, especially now when we’re practically chained to laptops and desks. I enjoy learning more about music and the history of famous music bands and genres.
What is favourite book?
The Perks of Being a Wallflower - I think I've read it more than 7 times
What is your favourite Arabic film?
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What is favourite English film?
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Yuval Noah Harari, Jonathan Cape
Recycle Reuse Repurpose
New central waste facility on site at expo Dubai South area to handle estimated 173 tonne of waste generated daily by millions of visitors
Recyclables such as plastic, paper, glass will be collected from bins on the expo site and taken to the new expo Central Waste Facility on site
Organic waste will be processed at the new onsite Central Waste Facility, treated and converted into compost to be re-used to green the expo area
Of 173 tonnes of waste daily, an estimated 39 per cent will be recyclables, 48 per cent organic waste and 13 per cent general waste.
About 147 tonnes will be recycled and converted to new products at another existing facility in Ras Al Khor
Recycling at Ras Al Khor unit:
Plastic items to be converted to plastic bags and recycled
Paper pulp moulded products such as cup carriers, egg trays, seed pots, and food packaging trays
Glass waste into bowls, lights, candle holders, serving trays and coasters
Aim is for 85 per cent of waste from the site to be diverted from landfill
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Use your ‘black bag’ bin at home
Do not put them in a recycling bin
Take them home with you if there is no litter bin
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How to keep control of your emotions
If your investment decisions are being dictated by emotions such as fear, greed, hope, frustration and boredom, it is time for a rethink, Chris Beauchamp, chief market analyst at online trading platform IG, says.
Greed
Greedy investors trade beyond their means, open more positions than usual or hold on to positions too long to chase an even greater gain. “All too often, they incur a heavy loss and may even wipe out the profit already made.
Tip: Ignore the short-term hype, noise and froth and invest for the long-term plan, based on sound fundamentals.
Fear
The risk of making a loss can cloud decision-making. “This can cause you to close out a position too early, or miss out on a profit by being too afraid to open a trade,” he says.
Tip: Start with a plan, and stick to it. For added security, consider placing stops to reduce any losses and limits to lock in profits.
Hope
While all traders need hope to start trading, excessive optimism can backfire. Too many traders hold on to a losing trade because they believe that it will reverse its trend and become profitable.
Tip: Set realistic goals. Be happy with what you have earned, rather than frustrated by what you could have earned.
Frustration
Traders can get annoyed when the markets have behaved in unexpected ways and generates losses or fails to deliver anticipated gains.
Tip: Accept in advance that asset price movements are completely unpredictable and you will suffer losses at some point. These can be managed, say, by attaching stops and limits to your trades.
Boredom
Too many investors buy and sell because they want something to do. They are trading as entertainment, rather than in the hope of making money. As well as making bad decisions, the extra dealing charges eat into returns.
Tip: Open an online demo account and get your thrills without risking real money.
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