• Sharjah Police say they have recorded a 70 per cent rise in cybercrime in the past two years. Photo: Sharjah Police
    Sharjah Police say they have recorded a 70 per cent rise in cybercrime in the past two years. Photo: Sharjah Police
  • The police have set up a booth at City Centre Al Zahia to advise people about the dangers of cybercrime. Photo: Sharjah Police
    The police have set up a booth at City Centre Al Zahia to advise people about the dangers of cybercrime. Photo: Sharjah Police
  • The awareness drive also educates children with board games that include information about the dangers of cybercrime. Salam Al Amir
    The awareness drive also educates children with board games that include information about the dangers of cybercrime. Salam Al Amir
  • Sharjah Police said the increase in the number of e-crimes in recent months includes hacking people's social media accounts. Salam Al Amir
    Sharjah Police said the increase in the number of e-crimes in recent months includes hacking people's social media accounts. Salam Al Amir
  • The campaign is aimed at helping people identify when they are being targeted by cybercriminals. Salam Al Amir
    The campaign is aimed at helping people identify when they are being targeted by cybercriminals. Salam Al Amir
  • People are urged to report e-crimes to police through WhatsApp, phone calls and on email. Salam Al amir
    People are urged to report e-crimes to police through WhatsApp, phone calls and on email. Salam Al amir

Sharjah records 70 per cent rise in cyber crime in two years


Salam Al Amir
  • English
  • Arabic

Sharjah Police have launched an awareness campaign about the dangers of cyber crime after a sharp increase in the number of victims.

The force said cyber criminals are becoming more sophisticated and using official organisations and well-known brands to entrap unsuspecting victims.

UK technology comparison website Comparitech said cybercrime in the UAE cost $746 million a year. It said the UAE had recorded 166,667 victims of cyber crime, based on information gathered between 2018 and 2020.

Last year, cyber-security experts said they witnessed a surge in the number of fraudulent schemes involving fake deliveries and WhatsApp messages.

Abu Dhabi Police in February said they returned about Dh18 million ($4.9m) to victims of phone fraud and other cyber crimes.

Increase in cyber crime

Sharjah Police have set up a booth at City Centre Al Zahia to advise people about cyber crimes. Photo: Sharjah Police
Sharjah Police have set up a booth at City Centre Al Zahia to advise people about cyber crimes. Photo: Sharjah Police

At the launch of its 'Be Aware: Stop, Think, Protect' campaign, Sharjah Police said there has been a 70 per cent increase in cyber crimes in the past two years.

Officers will meet local residents at the emirate’s City Centre Al Zahia to give them advice on how to protect themselves in Arabic, English, Urdu and Russian languages through a pop-up booth in the shopping centre.

The force will also use its social media platforms to reach a wider, online audience.

The campaign is aimed at helping people identify when they are being targeted by cyber criminals.

One of the most common forms of cyber crime is phishing, where people open attachments from unofficial sources or click on unknown links.

In May, customers of Dubai Electric and Water Authority received a warning about phishing after reports of fraudulent messages sent by social media and email.

The scheme involved bogus messages that asked people to pay their bills, answer questions or forward the messages to friends to be in with a chance of winning a prize.

Phishing and ransomware attacks have been on the rise since the onset of the coronavirus pandemic.

A report in 2020 by computer security analysts Kaspersky recorded more than 600,000 phishing attacks at the height of the pandemic in the UAE alone.

“People need to double-check the URL, which is the address of the online source, because criminals tend to change one letter here or there in the URL,” said Staff Sgt Nouf Alharmoodi, information technology expert with Sharjah Police.

“Avoid clicking any links you receive in emails before double-checking they are legitimate and from genuine sources.”

She said people who click on a phishing link and receive messages about money being withdrawn from their accounts should immediately contact their banks to block the payments.

“If they didn’t become aware of the scam sooner, it will be harder to recover the money,” said Sgt Alharmoodi.

Members of the public are also urged to contact the department for reports and information through their WhatsApp number 0559992158, their 24-hour hotline 065943228 or by email on: tech_crimes@Shjpolice.gov.ae

Impersonating brands

In recent months, Sharjah Police have been dealing with several reports from residents who received emails impersonating familiar brands.

“Such reports have increased recently and in most of them criminals have been impersonating well-known brands such Aramex, Emirates Post, McDonald's and Papa Jones,” said Ms Alharmoodi.

“In some of the scamming emails, Aramex is written Arramex.

“In other emails impersonating Emirates Post, people are being told they have a pending shipment and they need to pay an amount of Dh12.”

After they click and make a payment, the amount withdrawn from their accounts could be in tens of thousands of dirhams, police said.

“In other scams, workers searching Google for McDonald’s to buy a meal, for example, only type the name of the restaurant in the search bar,” said Ms Alharmoodi.

“The results are often of fake sites offering discounted meals which they click and lose their money.”

Other reports that have increased recently involve people reporting their SnapChat accounts being hacked.

“There is an increase in the number of hacking incidents in general and, in particular, in SnapChat accounts.”

The one-month public awareness scheme also focuses on children by introducing them to a number of board games such as scrambled words, snakes and ladders and sentence building.

“The games introduce a little information about online fraud and encourage children to ask about it,” said Ms Alharmoodi.

“When they start asking, we are here to answer all their questions and guide them on what to do should they ever be subjected to an online scam.”

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Fixture: Thailand v UAE, Tuesday, 4pm (UAE)

TV: Abu Dhabi Sports

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Where to buy

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Formula Middle East Calendar (Formula Regional and Formula 4)
Round 1: January 17-19, Yas Marina Circuit – Abu Dhabi
 
Round 2: January 22-23, Yas Marina Circuit – Abu Dhabi
 
Round 3: February 7-9, Dubai Autodrome – Dubai
 
Round 4: February 14-16, Yas Marina Circuit – Abu Dhabi
 
Round 5: February 25-27, Jeddah Corniche Circuit – Saudi Arabia
Full Party in the Park line-up

2pm – Andreah

3pm – Supernovas

4.30pm – The Boxtones

5.30pm – Lighthouse Family

7pm – Step On DJs

8pm – Richard Ashcroft

9.30pm – Chris Wright

10pm – Fatboy Slim

11pm – Hollaphonic

 

Difference between fractional ownership and timeshare

Although similar in its appearance, the concept of a fractional title deed is unlike that of a timeshare, which usually involves multiple investors buying “time” in a property whereby the owner has the right to occupation for a specified period of time in any year, as opposed to the actual real estate, said John Peacock, Head of Indirect Tax and Conveyancing, BSA Ahmad Bin Hezeem & Associates, a law firm.

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Starring: Chris Evans, Chris Pratt, Tom Holland, Robert Downey Junior, Scarlett Johansson, Elizabeth Olsen
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Traits of Chinese zodiac animals

Tiger:independent, successful, volatile
Rat:witty, creative, charming
Ox:diligent, perseverent, conservative
Rabbit:gracious, considerate, sensitive
Dragon:prosperous, brave, rash
Snake:calm, thoughtful, stubborn
Horse:faithful, energetic, carefree
Sheep:easy-going, peacemaker, curious
Monkey:family-orientated, clever, playful
Rooster:honest, confident, pompous
Dog:loyal, kind, perfectionist
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Mercer, the investment consulting arm of US services company Marsh & McLennan, expects its wealth division to at least double its assets under management (AUM) in the Middle East as wealth in the region continues to grow despite economic headwinds, a company official said.

Mercer Wealth, which globally has $160 billion in AUM, plans to boost its AUM in the region to $2-$3bn in the next 2-3 years from the present $1bn, said Yasir AbuShaban, a Dubai-based principal with Mercer Wealth.

Within the next two to three years, we are looking at reaching $2 to $3 billion as a conservative estimate and we do see an opportunity to do so,” said Mr AbuShaban.

Mercer does not directly make investments, but allocates clients’ money they have discretion to, to professional asset managers. They also provide advice to clients.

“We have buying power. We can negotiate on their (client’s) behalf with asset managers to provide them lower fees than they otherwise would have to get on their own,” he added.

Mercer Wealth’s clients include sovereign wealth funds, family offices, and insurance companies among others.

From its office in Dubai, Mercer also looks after Africa, India and Turkey, where they also see opportunity for growth.

Wealth creation in Middle East and Africa (MEA) grew 8.5 per cent to $8.1 trillion last year from $7.5tn in 2015, higher than last year’s global average of 6 per cent and the second-highest growth in a region after Asia-Pacific which grew 9.9 per cent, according to consultancy Boston Consulting Group (BCG). In the region, where wealth grew just 1.9 per cent in 2015 compared with 2014, a pickup in oil prices has helped in wealth generation.

BCG is forecasting MEA wealth will rise to $12tn by 2021, growing at an annual average of 8 per cent.

Drivers of wealth generation in the region will be split evenly between new wealth creation and growth of performance of existing assets, according to BCG.

Another general trend in the region is clients’ looking for a comprehensive approach to investing, according to Mr AbuShaban.

“Institutional investors or some of the families are seeing a slowdown in the available capital they have to invest and in that sense they are looking at optimizing the way they manage their portfolios and making sure they are not investing haphazardly and different parts of their investment are working together,” said Mr AbuShaban.

Some clients also have a higher appetite for risk, given the low interest-rate environment that does not provide enough yield for some institutional investors. These clients are keen to invest in illiquid assets, such as private equity and infrastructure.

“What we have seen is a desire for higher returns in what has been a low-return environment specifically in various fixed income or bonds,” he said.

“In this environment, we have seen a de facto increase in the risk that clients are taking in things like illiquid investments, private equity investments, infrastructure and private debt, those kind of investments were higher illiquidity results in incrementally higher returns.”

The Abu Dhabi Investment Authority, one of the largest sovereign wealth funds, said in its 2016 report that has gradually increased its exposure in direct private equity and private credit transactions, mainly in Asian markets and especially in China and India. The authority’s private equity department focused on structured equities owing to “their defensive characteristics.”

Libya's Gold

UN Panel of Experts found regime secretly sold a fifth of the country's gold reserves. 

The panel’s 2017 report followed a trail to West Africa where large sums of cash and gold were hidden by Abdullah Al Senussi, Qaddafi’s former intelligence chief, in 2011.

Cases filled with cash that was said to amount to $560m in 100 dollar notes, that was kept by a group of Libyans in Ouagadougou, Burkina Faso.

A second stash was said to have been held in Accra, Ghana, inside boxes at the local offices of an international human rights organisation based in France.

Brief scoreline:

Liverpool 2

Keita 5', Firmino 26'

Porto 0

Updated: August 09, 2022, 9:46 AM