Kuwait Finance House (KFH) has warned about new and advanced fraudulent method involving international calls. Globally known as the Wangiri Scam, the attempt appears as a single missed phone ring from an international number. If receivers return the call, their voices will be recorded to be used in other deceptive means, including approving payments and fake financial transactions.

Fraudsters often rely on automated dialing systems to call thousands of phone numbers worldwide. Once the receiver answers or returns the call, he will be either directed to voice mail or to a chat with a scammer who will deliberately keep the receiver on the line, resulting in international charges accruing per minute without the receiver’s awareness.

The Bank urged customers to ignore calls from unknown international numbers, avoid clicking on links received from them and block suspicious phone calls. KFH also explained that a normal phone call might be the start of an organized fraud attempt, targeting individuals to use their information in unlawful means. These attempts lead to hacking personal banking accounts, illegal withdrawal of funds and stealing personal data.

KFH advised customers to remain alert and raise their awareness of financial fraud risks and the means of prevention. Given the noticeable increase of fraud worldwide in recent years, KFH warned society of any phishing method, impersonating official entities, or leveraging AI to mimic real individuals’ voices. Additionally, the Bank encouraged customers to verify money transfer requests prior to approving or transferring funds.

It is worth noting that KFH remains committed to supporting Diraya awareness Campaign. Since its launch by the Central Bank of Kuwait (CBK) and Kuwait Banking Association (KBA) in cooperation with local banks, KFH continues to implement purposeful initiatives aimed at raising awareness across all segments of society. The Bank posts financial awareness content on its social media platforms and digital channels, warning against evolving fraud methods, and providing tips on safeguarding against banking fraud.