The UAE Cyber Security Council warns that stolen login credentials are the primary entry point in about 60% of financial cyberattacks, enabling fraud, identity theft, and unauthorized access to banking data. It urges stronger digital hygiene — including unique passwords, avoiding storage of sensitive data on unsecured devices, enabling two-factor authentication, monitoring accounts, and being vigilant against phishing and fake ads — to reduce exposure to financial cybercrime. #UAECyberSecurityCouncil #EmiratesNewsAgency
Keypoints
- Around 60% of financial cyberattacks begin with stolen usernames and passwords.
- The council recommends two-factor authentication and multi-factor controls as key defenses.
- Attackers often compromise email or social media accounts to reset passwords and access banking information.
- Users should avoid storing sensitive passwords on unsecured devices and avoid using open Wi-Fi for banking.
- Verify messages, avoid phishing and fake ads, keep software updated, and enable instant bank alerts.
Read More: https://thecyberexpress.com/uae-cyber-security-council-cyberattack/