The Cyber Security Council warns that most financial cyberattacks begin with stolen login data and urges stronger user protection.
ABU DHABI: The UAE Cyber Security Council has issued a renewed call for individuals and organisations to strengthen the protection of their financial data, revealing that more than 60 percent of financial cyberattacks begin with the theft of login credentials. The warning comes as part of the Council’s ongoing awareness campaign aimed at reducing cybercrime risks.
The Council stressed that financial data remains a prime target for online fraudsters. These attacks often involve direct targeting of bank accounts or more subtle identity theft through compromised email or app logins. Once access is gained, attackers use this data to siphon off funds or conduct fraudulent transactions.
To reduce these risks, the Council urged users to adopt secure habits, including using strong and unique passwords, enabling two-factor authentication, and avoiding the storage of sensitive data on mobile phones and computers. It also warned against using free or open Wi-Fi networks for banking transactions due to their vulnerability.
The Council highlighted the increasing sophistication of phishing attacks, including fake messages and impersonated banking platforms. It advised users to verify the source of financial communications and avoid engaging with advertisements or entities outside trusted channels.
Individuals are encouraged to monitor their bank accounts regularly and activate instant alerts to detect suspicious activity early. The Council also advised against clicking unknown links or sharing personal data online, especially as fraudsters often mimic trusted logos and platforms to trick users.
Through the Cyber Pulse campaign, now in its second year, the Council continues to promote digital awareness and responsible online behaviour. It aims to equip residents and families with the knowledge to navigate digital threats safely as cyber risks evolve alongside technological change.
