KFH warns against investment fraud
KUWAIT CITY, April 16: As part of its continuous support to Diraya campaign, Kuwait Finance House (KFH) advises customers to keep caution when receiving investment offers messages from unknown parties. While the messages may entail investment opportunities with high returns in a short period of time, they are considered one of the latest fraud approaches that mainly aim to steal customers’ bank information.
In a press release, KFH explained that fraudsters continue developing new means to lure customers and steal their account data and their money.The latest of which is fake investment opportunities, which entails marketing a deceptive investment offer targeting people who want to profit quickly and pushes them to rush into handing over information that are considered confidential which ultimately results in the theft of their data and funds.
KFH pointed out that some scammers take advantage of people’s desire for quick profit by impersonating an investment fund, government agency or a famous business influencer. They reach out to customers via phone, e-mail or social media accounts to speculate in currencies, precious metals, foreign stocks, cryptocurrencies, bonds or fake investment and real estate funds, while the main goal of fraudsters is to obtain bank data when customers log in before they start trading.
KFH invites those wishing to invest to contact licensed banks and companies and deal with trusted parties to provide investment advice. The bank also urges customers to avoid suspicious communications, invitations, fake websites, and online platforms. It stressed the necessity to verify the authenticity of the investment entity before disclosing any information or taking any step.
Diraya awareness campaign, launched by the Central Bank of Kuwait in collaboration with local banks, aims to spread banking literacy among the society and raise awareness on financial issues and how to protect assets from any fraud attempts. It also aims to highlight the role of the banking sector and the products the bank provides by presenting and posting instructions and guidance through media and social media platforms.