Egyptian loses fortune after smartwatch theft
An Egyptian businessman fell victim to a widespread online scam that resulted in the theft of a bank deposit worth 750 million Egyptian pounds. The scam involved a fake advertisement offering a free smartwatch on social media platforms. The perpetrators exploited real-time phishing technology, which connects fake websites with the bank's actual system in real time, to steal login credentials and verification codes (OTP). The operation succeeded due to the use of artificial intelligence techniques to create sophisticated fake pages, enabling the scammers to transfer the large sum from the victim's account. Experts advise against sharing verification codes online and warn against clicking suspicious links. They emphasize the importance of using official apps and remaining cautious of fraudulent offers.
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