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UAE Phishing Emails Up 77% Last Quarter, Kaspersky Says
Frequently used tactics included know-your-customer messages, free money offers, unusual email login activity and undelivered parcel warnings.
The United Arab Emirates saw a steep rise in emails containing phishing threats during the 2nd quarter of 2023.
The volume of scam emails increased by 77% compared to previous quarters, according to cyber threat experts Kaspersky, who also noted that illicit tactics were becoming more sophisticated.
The most prevalent phishing scams in the Middle East, Turkey, and Africa included emails involving undelivered parcels, know-your-customer messages, unusual email login activity warnings, and free money offers.
Known as social engineering scams, these tactics trick users into taking action by pretending to come from a trusted source. Once someone clicks a link in a phishing email, they will often be vulnerable to threats from malware or ransomware, which can cause significant harm to individuals and enterprises.
In January, the UAE Telecommunications and Digital Government Regulatory Authority warned consumers to be on alert for scam text messages appearing to come from well-known courier companies, including DHL Express, Emirates Post, and Aramex, as they could be phishing scams.
“Once a cybercriminal understands what motivates an individual’s actions, they try to exploit their lack of knowledge and manipulate their behavior to meet the end goal,” said Kaspersky in its recent report.
Also Read: The Largest Data Breaches In The Middle East
In 2022, many scams involved emails containing fake links to free streaming of things like Netflix’s Stranger Things, The Batman movie, and the FIFA World Cup.
“There is no aspect of our life that cybercriminals cannot exploit. Human behavior and emotion is no exception,” explained Maher Yamout, lead security researcher at Kaspersky.
“These scams are a result of manipulation based on fear, curiosity, and greed. The key takeaway is to pay attention to basic details in emails before responding, even if they are from trusted sources because one wrong click can lead to harsh consequences,” the report also said.
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Checkout.com Set To Launch Card Issuing In The UAE
The payment service provider’s expansion is a first-of-its-kind investment and could reshape digital transactions across the region.
Checkout.com is laying the groundwork to become the first global payments platform to introduce card issuing in the United Arab Emirates — a move that could reshape how businesses in the region manage financial transactions.
The company plans to roll out its domestic card issuance offering in the UAE by 2026, subject to regulatory approval. The launch would give businesses the tools to issue both physical and virtual branded cards. This, in turn, opens up new ways to reward customers, streamline expense processes, and handle B2B payouts efficiently.
Checkout.com’s CEO and Founder, Guillaume Pousaz, revealed the plans during Thrive Abu Dhabi, the firm’s debut conference in the Emirates. Joined on stage by Remo Giovanni Abbondandolo, General Manager for MENA, Pousaz presented to an audience of over 150 partners and merchants at Saadiyat Island. Also in attendance was H.E. Omar Sultan Al Olama, the UAE’s Minister of State for Artificial Intelligence, Digital Economy, and Remote Work Applications.
Abbondandolo highlighted the strategic importance of the announcement: “As a global business, we focus on bringing products to markets that our customers want and need. Today’s announcement is proof of our commitment to the MENA region and its rising influence in the digital economy. The appetite for innovation here is real, and we’re proud to be building the infrastructure that powers it”.
One early adopter of Checkout.com’s UAE acquiring services is Headout, a travel experiences marketplace, which recently named the payment provider as its main partner in Europe. The company has already begun card issuing there and is keen to expand that offering into MENA once approval is granted.
The expansion of services in the UAE and beyond builds on Checkout.com’s track record in the region. It was the first global payments firm to secure a Retail Payment Services license from the UAE’s Central Bank and was instrumental in rolling out Mada and Apple Pay in both the UAE and Saudi Arabia.
Also Read: Protecting Your WhatsApp Account From Hackers: Kaspersky Expert Tips
The firm has also been rolling out new products: One of the latest is Flow Remember Me, currently in beta testing. It allows shoppers to store their card information once and access it across Checkout.com’s entire network, potentially cutting checkout times by up to 70%.
Earlier this year, Checkout.com also introduced Visa Direct’s Push-to-Card solution in the UAE, enabling both domestic and international payouts. Its collaboration with Mastercard has grown as well, making it easier for businesses to send funds directly to third-party cards securely and quickly.
With regional tech ambitions on the rise — spurred by initiatives like Saudi Arabia’s Vision 2030 and the UAE’s 2031 Agenda — Checkout.com sees its role as one of a key enabler. “Our mission is to help ambitious businesses navigate the complexity of payments, so they can move faster, go further, and make the most of every opportunity,” said Abbondandolo. “In MENA, performance is personal. It’s local. It’s built on trust. And when payments perform, businesses thrive”.
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