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Dubai Residents Cry Credit Card Fraud

Two Dubai residents claim that not only did they experience credit card fraud, but that their cards were used to make unauthorized payments to the Abu Dhabi Police.

Khal Ali Nazar was one of the alleged victims, and explained to XPRESSthat he received a call from his bank in April about an online purchase totaling Dh9,525. Nazar explained that it was an unauthorized transaction and that the organization should stop the purchase.

“The bank did not charge me for the credit card purchase for the first two months. But in June, they debited the amount from my bank account. I don’t know what the outcome of their investigations was,” Nazar said.

One of Nazar’s colleagues fell victim to a similar scam in February, when his credit card was used to make three unauthorized transactions. However, C.S. Mohan was able to stop just one of the transactions.

The news source reported that other incidents of credit card fraud with payments going to the Abu Dhabi police happened back in 2012. UAE authorities have allegedly urged the country’s banks to increase their security after the reported hacking incidents.

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Our data and analytics team has developed a number of creative methodologies and frameworks that measure and benchmark the innovation that’s reshaping the payments and commerce ecosystem. Check out the February 2019 PYMNTS Digital Fraud Tracker Report

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