Kaspersky reports over 100,000 blocked scams across the UAE, Saudi Arabia, Qatar, and Egypt—urging investors to verify platforms before sharing financial data.
Cybersecurity firm Kaspersky has issued a critical warning to users across the Middle East as fraudulent investment platforms continue to rise at an alarming pace. Since early 2024, the company has blocked more than 100,000 scam attempts targeting individuals in the UAE, Saudi Arabia, Qatar, and Egypt, underscoring a growing digital threat aimed at exploiting the region’s booming interest in online trading and investment.
The alert comes on the heels of a joint awareness initiative launched by Kaspersky and eToro, the global trading and investment platform, to promote responsible online investment habits. The campaign stresses the importance of verifying the legitimacy of platforms before sharing personal information or financial details—an increasingly urgent message as cybercriminals refine their tactics.
According to Kaspersky, fake investment platforms often mimic reputable brands, using sophisticated designs and persuasive marketing to lure users into depositing money or revealing sensitive data. Once victims engage, scammers quickly move to harvest login credentials, drain accounts, or sell stolen information on the dark web.
Experts warn that the Gulf region’s rapid digital adoption, high-income demographics, and strong investment culture make it particularly attractive to fraudsters. These deceptive schemes frequently appear in social media ads, SMS links, and search-engine promotions—making them difficult for inexperienced users to detect.
Kaspersky urges investors to adopt key safety practices:
• Verify platforms through official websites and app stores
• Avoid clicking on unsolicited investment offers
• Check for regulatory approvals
• Enable two-factor authentication
• Report suspicious activity immediately
As online investment continues to surge in the Middle East, cybersecurity awareness remains crucial. With scammers becoming more advanced, Kaspersky’s warning serves as a timely reminder for users to stay alert, stay informed, and prioritize digital safety before making financial moves.
