KFH warns against donations to unknown entities
KUWAIT CITY, March 27: Kuwait Finance House (KFH) advises customers to exercise caution when donating or making financial contributions through websites on certain occasions.
In a press release, KFH highlighted how fraudsters exploit specific events. They do this by sending phishing emails that request donations through bank transfers or payments on fake websites. Their goal is to steal money from unsuspecting victims.
KFH warned about the dangers of new phishing scams that have recently emerged. The bank advised customers to verify the website’s safety, legitimacy, and authenticity before making any donations.
As part of its ongoing support for Diraya campaign to promote banking awareness, in collaboration with the Central Bank of Kuwait and the Kuwait Banking Association, KFH explained that scammers are employing new methods of fraud.
The rise of digital payments and the growing reliance on smartphones and the internet have created new avenues for fraudsters. They exploit this by targeting the millions of customers who conduct their transactions and daily business online. These fraudsters attempt to trick users into revealing sensitive account information, ultimately aiming to steal their money.
Fraudsters can leverage advanced AI and vast datasets to analyze online purchases and identify patterns that suggest potential victims with vulnerable accounts.
KFH added that fraudsters can target anyone, regardless of age or social status. They employ various tactics, including enticing but fake offers, seemingly urgent bank warnings about account problems, suspicious friend requests online, or pleas for help over the phone.