Are you active on social media networks? If so, beware of wire fraud! In light of recent instances of fraudulent behavior on social media networks, the Abu Dhabi Public Prosecution has issued a warning to local residents about the risks of wire fraud. The regulatory body has issued a warning that individuals convicted of wire fraud face jail and fines of up to Dh1 million.
“نيابة أبوظبي” تحذر من الاحتيال الإلكتروني للاستيلاء على الأموال عبر الترويج لأرباح خيالية على أثر انتشار إعلان في وسائل التواصل الاجتماعي pic.twitter.com/VZe4gRTjy3
— دائرة القضاء-أبوظبي (@ADJD_Official) April 28, 2023
Many people, says the Public Prosecutor’s Office, have fallen for schemes that promise easy money, great prizes, and attractive profits. Misleading advertising and marketing strategies are frequently used in these schemes. The Public Prosecution has issued a warning to internet and social media users to be on the lookout for suspicious financial activity and to refrain from engaging with anyone who seems to be acting illegally.
The United Arab Emirates penalizes wire fraud severely. Anyone caught stealing money, property, services, or signatures online or through any electronic or computerized means is subject to a fine and possible jail time of between Dh250,000 and Dh1 million, depending on the severity of the crime.
The Public Prosecutor has asked citizens to notify the proper authorities of any possible wire fraud. Help prevent further financial damages to the community and ensure those responsible for these crimes face justice by reporting them.
In recent years, the United Arab Emirates has adopted a firm position against cybercrime, especially in the realm of financial fraud. Stricter restrictions and tougher fines for offenders are just two of the measures the government has put in place to reduce the incidence of such crimes. Residents are urged to keep an eye out for unusual behavior and report it to the police.
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