Saudi Press

Saudi Arabia and the world
Saturday, Jul 05, 2025

Bank customers warned against falling victims of social engineering fraud

Bank customers warned against falling victims of social engineering fraud

Saudi Banks Media and Awareness Committee has warned bank customers of new fraud methods based on social engineering, where victims are exploited through psychological manipulation which leads eventually to the disclosure of confidential data resulting in incurring heavy financial losses.
Social engineering fraud is a broad term that refers to the scams used by criminals to exploit a person’s trust in order to obtain money directly or obtain confidential information to enable a subsequent crime.

The committee revealed that most social engineering fraud tricks used are based on fake links provided by fake accounts, claiming that they are official bodies or legal personalities to delude the victim that they are reliable parties. These fake accounts usually ask customers to share their bank information, the data of their credit cards and the like. The committee warned against falling victim to those fraudster accounts that fabricate stories to deceive many people. “So, for everyone with bank accounts stay cautious and do not provide anyone with verification codes that he receives via phone call or text message,” it said.

The committee clarified that social engineering fraud and its methods are based on a set of tricky techniques and misleading pretexts to make people reveal their banking information and share authentication codes; which eventually enables the fraudster (the attacking social engineer) to access the victim’s account, transfer money or exploit card information and withdraw money immediately after sharing information and authentication codes, while stressing that bank employees never ask for confidential information of customers in any case.

In a statement, the committee called on bank customers and community groups to be aware of the latest fraud methods and not to share their bank or card information and password with any party under any pretext. It has also warned bank customers to never respond to fake investment announcements or fake trading shares, and never visit random links sent claiming to update personal information. As a precautionary measure bank customers should ensure changing credit card passwords periodically, especially when returning from traveling abroad.

The committee also warned against being deceived by the presence of bank logos on fake websites and pages, and it has also stressed the importance of checking the reliability and credibility of electronic shopping sites, and that their information is secure. “Customers should ignore all text and electronic messages which claim to include a cash prize or any type of gift by deleting these messages immediately, and the customers must always refer back to official banking sites and applications only. Customers also should ensure that their personal information is updated through the official channels of the bank only,” the statement pointed out.

Accordingly, the committee is implementing several awareness campaigns to raise the customer’s attention about financial fraud and ways to avoid it. “Methods of Social Engineering Fraud” is one of the awareness campaigns that target children and adults using two different Arabic hashtags on Twitter translates to “Give them a hard time” and “Do not let them deceive you.” This is to make sure they do not fall victims for fraud that they might come across through digital gaming and fake phone calls from impersonators of official bodies or bank employees.

The campaigns also aimed at warning children and adults from being responsive to deceptive investment websites.

The committee also stressed the importance of following its accounts on all social media platforms to learn about new fraudulent methods, and making sure to report any fraudsters that the customers come across by sending a text message to 330330 along with the number of the fraudsters.
Newsletter

Related Articles

Saudi Press
0:00
0:00
Close
Elon Musk Founds a Party Following a Poll on X: "You Wanted It – You Got It!"
AI Raises Alarms Over Long-Term Job Security
Saudi Arabia Maintains Ties with Iran Despite Israel Conflict
Russia Formally Recognizes Taliban Government in Afghanistan
Mediators Edge Closer to Israel-Hamas Ceasefire Agreement
Emirates Airline Expands Market Share with New $20 Million Campaign
House Oversight Committee Subpoenas Former Jill Biden Aide Amid Investigation into Alleged Concealment of President Biden's Cognitive Health
Amazon Reaches Major Automation Milestone with Over One Million Robots
Meta Announces Formation of Ambitious AI Unit, Meta Superintelligence Labs
China Unveils Miniature Insect-Like Surveillance Drone
Marc Marquez Claims Victory at Dutch Grand Prix Amidst Family Misfortune
Iran Executes Alleged Israeli Spies and Arrests Hundreds Amid Post-War Crackdown
Trump Asserts Readiness for Further Strikes on Iran Amid Nuclear Tensions
Iran's Parliament Votes to Suspend Cooperation with Nuclear Watchdog
Trump Announces Upcoming US-Iran Meeting Amid Controversial Airstrikes
Trump Moves to Reshape Middle East Following Israel-Iran Conflict
NATO Leaders Endorse Plan for Increased Defence Spending
U.S. Crude Oil Prices Drop Below $65 Amid Market Volatility
Explosions Rock Doha as Iranian Missiles Target Qatar
“You Have 12 Hours to Flee”: Israeli Threat Campaign Targets Surviving Iranian Officials
Oman Set to Introduce Personal Income Tax, First in Gulf
Germany and Italy Under Pressure to Repatriate $245bn of Gold from US Vaults
Iran Intensifies Crackdown on Alleged Mossad Operatives After Sabotage Claims
Trump Praises Iran’s ‘Very Weak’ Response After U.S. Strikes and Presses Israel to Pursue Peace
WATCH: Israeli forces show the aftermath of a massive airstrike at Iran's Isfahan nuclear site
We have new information and breaking details to share about what is shaping up to be a historic air campaign tonight
Six Massive Bombs Dropped on Fordow; Trump: 'A Historic Moment for the U.S., Israel, and the World'
Fordow: Deeply Buried Iranian Enrichment Site in U.S.–Israel Crosshairs
United States Conducts Precision Strikes on Iran’s Nuclear Sites
US strikes Iran nuclear sites, Trump says
Pakistan to nominate Trump for Nobel Peace Prize.
Israel Confirms Assassination of Quds Force Commander in Tehran
16 Billion Login Credentials Leaked in Unprecedented Cybersecurity Breach
Senate hearing on who was 'really running' Biden White House kicks off
G7 Leaders Fail to Reach Consensus on Key Global Issues
Mass exodus in Tehran as millions try to flee following Trump’s evacuation order
Iranian Military Officers Reportedly Seek Contact with Reza Pahlavi, Signal Intent to Defect
Vietnam Emerges as Luxury Yacht Destination for Ultra‑Rich
China's Iranian Oil Imports Face Disruption Amid Escalating Middle East Tensions
Trump Demands Iran's Unconditional Surrender Amid Escalating Conflict
Israeli Airstrike Targets Iranian State TV in Central Tehran
President Trump is leaving the G7 summit early and has ordered the National Security Council to the Situation Room
Netanyahu Signals Potential Regime Change in Iran
Analysts Warn Iran May Resort to Unconventional Warfare
Iranian Regime Faces Existential Threat Amid Conflict
Energy Infrastructure Becomes War Zone in Middle East
Iran Conducts Ballistic Missile Launches Amid Heightened Tensions with Israel
Iran Signals Openness to Nuclear Negotiations Amid Ongoing Regional Tensions
Shock Within Iran’s Leadership: Khamenei’s Failed Plan to Launch 1,000 Missiles Against Israel
Trump's Anti-War Stance Tested Amid Israel-Iran Conflict
×