- Home » Expat News » UAE now a hub for online shopping scams and card fraud
UAE Now A Hub For Online Shopping Scams And Card Fraud
Published: | 9 May at 6 PM |
Want to get involved?
Become a
Featured Expatand take our interview.
Become a
Local Expertand contribute articles.
Get in
touchtoday!
Over a million consumers living in the UAE were victims of online shopping scams during 2017.
Online shopping scammers and fraudsters had a very successful 2017, according to a new report which estimated some $87.3 million was lost by unwary online consumers. E-commerce is enjoying a boom in the Gulf States, as are crooks and scammers hitting on consumers with credit and debit card fraud, online shopping scams and theft of payment information.
Almost a third of online shoppers in the region were caught up in the illegal activity. Some 22 per cent suffered compromise of their financial details, with 28 per cent victims of online debit or credit card fraud, and 43 per cent had their personal information compromised during a 2017 database breach. In the UAE alone, e-commerce transactions are expected to amount to $10 billion in 2018, with ninety per cent of shoppers using mobile devices to purchase goods. The number is surprising as 71 per cent believe using a smart phone for online shopping is risky. Also reported was the average time taken by scammed shoppers to sort out instances of debit or credit card fraud, with an average of 22 hours per consumer.
Meanwhile, legal experts are concerned that expats are at risk of legal challenges due to their inability to speak the local language. The vast majority of expats are unable to convey their complaints to court officials, and many are signing Arabic-language legal documents without being able to read and understand them. Foreign legal films are not allowed inside court rooms, so are unable to give their clients advice at crucial moments. One UAE law firm is attempting to make life easier for expats by signing a joint cooperation agreement with an Arab law firm in the hope that ‘lost in translation’ will no longer apply. In addition, many expats are confused about the application of Sharia law and don’t understand that civil law takes precedence in court.
Comments » No published comments just yet for this article...
Feel free to have your say on this item. Go on... be the first!
RECENT NEWS
How To Feel Confident And At Ease When Speaking Dutch
Albert Both, from Dutch language school Talencoach, gives his advice on how to get confident speaking Dutch - even befor... Read more
Why Stress Isnt The Enemy Of High Performance But A Gateway To It
Most of us grow up thinking about stress as something to avoid, manage or eliminate. Especially in high-achieving envir... Read more
Permits And Visas For Artists And Creatives Working In The Netherlands
Are you heading to the Netherlands for a creative project? Make sure you know which type of visa or work permit you will... Read more
Understanding False Self-employment In The Netherlands
As an expat working as a freelancer or sole trader in the Netherlands, it is important to understand the concept of fal... Read more
How Reframing Your Business Model Can Revolutionise Your Marketing
As a business owner, you know that marketing is an essential part of a successful business. It makes sense that that's w... Read more