Sharjah Police is warning people to be wary of fake texts and calls after nine people were arrested in a telephone fraud raid.
One victim was allegedly scammed by a gang member who pretended to be a bank employee to hack his personal data.
As much as AED 96,000 was stolen from his account.
Smartphones and transfer receipts were seized during the raid.
The emirate's Criminal Investigation Department has formed a new team to track down cyber offenders.
UAE regulator fines bank AED 200 million over compliance failures
The Central Bank of the UAE (CBUAE) has imposed a financial penalty of AED 200 million on a branch of a foreign bank operating in the country for repeated failures in anti-money laundering controls, governance and compliance.
Dubai Police arrest 6 people in AED 2.6 million virtual assets scheme
Dubai Police have arrested a six-member ring that deceived a victim into paying AED 2.6 million through a fraudulent digital currency trading deal via an unlicensed exchange.
UAE court jails eight for life in arms trafficking, money laundering case
The Abu Dhabi Federal Court of Appeal has convicted several individuals involved in an illicit weapons trafficking and money laundering network linked to the supply of arms, ammunition and military equipment to the Sudanese Army.
Flydubai extends flight cancellation to some cities in Saudi Arabia
Flydubai has cancelled more flights to some cities in Saudi Arabia while continuing operations in other areas, including Jeddah.
RTA and Dubai Holding advance Palm Jumeirah traffic improvements
Dubai's Roads and Transport Authority (RTA), in partnership with Dubai Holding Community Management, is constructing two new pedestrian bridges on Palm Jumeirah as part of efforts to improve road safety and traffic flow.
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