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The scam involves use of phone calls, SMS, pictures or e-mails to trick individuals into sharing their confidential banking information.
Prize Scams are frauds designed to acquire your personal and banking information through Telephone or Social Media Apps such as WhatsApp, Facebook, Twitter, Instagram, etc. The scam involves use of phone calls, SMS, pictures or e-mails to trick individuals into sharing their confidential banking information.
Fraudsters constantly come-up with new ways to prey on potential victims.
More people are falling victim to such "Prize Scams" these days in UAE.
Here's how it works:
How you can protect yourself?