The Committee of Information and Banking Awareness in Saudi Banks revealed the most prominent financial fraud methods and how to prevent it.
The Saudi Banks Committee explained that the most prominent of these methods is to allow the seller to use the bank card, resulting in some financial fraud. Confirming that it is preferable to complete the purchase by the customer himself.
The Saudi Banks Committee advised that the bank should be informed of the loss of the bank card. To take the necessary measures regarding this, it is also preferable to avoid giving the bank card information to the vendors to avoid any financial fraud, especially since some data such as the number, expiration date, and the CVV number can be used to complete some operations from poorly protected websites without the will of the bank cardholder.