Financial Crime World

Oman Takes Step towards Banking Fraud Prevention, Citizens Urged to Take Precautions

As part of its efforts to combat banking fraud, Oman has launched a series of measures aimed at preventing unauthorized transactions and protecting citizens’ financial information.

Measures to Prevent Card Usage Fraud

According to security experts, one of the most effective ways to prevent card usage fraud is by:

  • Keeping bank cards in a safe place
  • Never sharing details with anyone
  • Not sharing PIN via email or SMS
  • Avoiding using the same PIN for other services
  • Memorizing the ATM PIN instead of writing it down

Strong Passwords and Secure Accounts

The Oman banking sector emphasizes the importance of creating strong passwords that contain:

  • Numbers
  • Uppercase and lowercase letters
  • Special characters

Citizens are also urged to inform their bank in writing of any changes to their email address or contact number by contacting the branch or calling the “Fil Khidma” Call Center.

Additional Precautions

Customers are advised not to allow merchants to swipe their payment cards at the cash register after the transaction has been approved following the first swipe. This move is aimed at preventing unauthorized transactions and ensuring that citizens’ financial information remains secure.

Additionally, Oman has implemented a system to block or cancel lost cards immediately. Citizens who have misplaced their card are advised to contact their branch or call the “Fil Khidma” Call Center on 24754444 to prevent any potential fraudulent activities.

Expert Advice

Experts say that by taking these simple precautions, citizens can significantly reduce the risk of falling victim to banking fraud and enjoy a more secure financial experience. As Oman continues to prioritize banking fraud prevention, it is essential for citizens to remain vigilant and take an active role in protecting their financial information.

By following these measures and staying informed, citizens can ensure that their financial information remains secure and protected from fraudulent activities.