Kuwait Finance House (KFH) continues its efforts to support Diraya financial and banking awareness campaign launched by the Central Bank of Kuwait in collaboration with Kuwait Banking Association.

Demonstrating its commitment, KFH hosted Lieutenant Colonel of the Electronic and Cyber Crime Combating Department at the Ministry of Interior, Saud Al-Wazzan on its podcast, KFH Talk. Al-Wazzan shed light on the latest tactics employed by fraudsters to deceive customers and emphasized the importance of financial awareness as a means of protection.

Al-Wazzan said: “Fraudsters use various programs and websites to provide services to customers and send them authentications through Kuwait Mobile ID application. Their goal is to obtain customers’ banking information thus stealing their funds. Therefore, customers remain the first line of defense. By staying informed about financial fraud tactics, they can significantly reduce the risk of falling victim to these crime".

He reaffirmed the importance of not rushing in providing personal and financial information to any party, whether online, or through SMS, a phone call or the OTP.

He elaborated on a method of theft that utilizes fraudulent investment schemes. These schemes lure individuals with the promise of quick profits, pressuring them into hasty decisions without properly verifying the investment's legitimacy. This ultimately leads victims to divulge confidential information, which then allows fraudsters to steal their rights and funds.

Before clicking on online links, he urged everyone to verify their legitimacy. These links could be from anonymous sources or sent using stolen phone numbers.

The campaign sheds light on customers' rights, rules and regulations of dealing with banks, information safety and security against intrusion, combating financial fraud, in addition to other warnings and regulations. This campaign comes as part of the bank's obligation to keep the customers informed about their rights and duties regarding banking and financial transactions and cybersecurity.

By supporting the campaign objectives, KFH aims to strengthen its pioneering role in banking awareness and provide customers with the maximum-security standards when using the banking products and services.