Kuwait City: Forgeries and frauds using the name of institutions are increasing in Kuwait, which the authorities are trying to prevent.
According to Kuwait News, a new method of cheating is being used in the country for which the logos of the regulatory authorities are being used. Officials say that this is a violation of the law prohibiting the use of logos of any organization.
Sources say fraudsters are targeting companies that have funds for trading in foreign currencies, asking customers to settle their financial obligations and then paying the fraudsters taxes or fees. Send invoices that must be paid.
Sources stressed that regulatory authorities do not ask for payments through links.
Sources said that these authorities neither collect taxes nor send invoices to any party, individuals and companies should verify information before making payments to regulatory authorities or authorities to prevent such illegal activities. Should be contacted directly.
Sources stressed that direct verification should be done first, especially since supervisory authorities remain available to answer any inquiries and thus there is no reason to make any payments before verification. .
Apart from this, these things should also be taken care of.
Individuals and organizations should take all necessary steps to protect their data.
Focus on training, technical competence and continuous awareness programs.
Assist supervisory authorities by following instructions and warnings, and focusing on public awareness campaigns.
Contact the concerned person or institution directly regarding the payment and transfer of funds and double check everything, as fraud and violation of rights and property of others is on the rise.
Strengthen companies’ electronic security, deal with trusted companies and institutions, and avoid delegating absolute authority to any individual or entity.
The number of fraudsters targeting individuals and organizations has increased exponentially, hence the need for caution, as the success of such operations is based on the cooperation of the targeted person or organization and lack of data protection.