With the global cybersecurity market doubling its revenue from US$83.32bn in 2016 to approximately $166bn in 2023, the urgency to combat cyber threats has never been more palpable. Like many other nations, Oman has witnessed a significant uptick in cybercrime, exacerbated by the Covid-19-induced shift to remote work and virtualised IT environments.
The Cybersecurity Law in Oman, established through Royal Decree No. 12 of 2011, is the linchpin in the nation’s fight against cyber malfeasance. It delineates a broad spectrum of cybercrimes, including hacking, phishing, internet fraud, and identity theft, while also addressing the misuse of personal data and property.
Banks at the forefront
Banking institutions in Oman are at the forefront of the cybersecurity war. They’re not just custodians of financial assets but also guardians of sensitive information. The Cybersecurity Law reinforces this responsibility, holding perpetrators of cybercrimes accountable.
Adopting international standards like ISO27001 isn’t just a choice; it’s a necessity. This framework ensures that banks have robust information security management systems, safeguarding against data breaches and cyber intrusions.
Banks in Oman don’t just protect themselves; they also educate and empower their customers. Through awareness campaigns and proactive communication, they equip individuals with the knowledge to identify and avoid potential cyber threats.
Cybersecurity isn’t a battle banks fight alone. Collaborative efforts with law-enforcement agencies like the Royal Oman Police and the Information Technology Authority strengthen the nation’s cybersecurity ecosystem.
WhatsApp scam
One such threat that recently emerged is the WhatsApp scam, which targets unsuspecting individuals seeking job opportunities online. As technology advances, scammers have become more sophisticated in their tactics, making it imperative for everyone to be aware and informed.
Here’s what you need to know to protect yourself and your financial well-being:
The scam typically begins with a WhatsApp message, enticing recipients with promises of easy money and job rewards. The scammer may pose as a recruiter or employer, luring individuals with seemingly legitimate job offers. They ask recipients to complete simple tasks such as surveys or data entry, promising payment upon completion.
As the victim complies and completes initial tasks, the scam escalates. The scammer requests more tasks, often accompanied by requests for personal information or upfront fees to unlock greater rewards. Once the victim pays the requested fees or provides sensitive information, the scammer disappears, leaving the victim deceived and financially compromised.
Beware
Recognising the warning signs is crucial in identifying and avoiding such scams.
Here are key indicators to watch out for:
Unsolicited messages: Be cautious of messages from unknown or suspicious senders, especially if they promise quick and easy money.
Financial transactions: Never transfer funds to unfamiliar accounts or individuals you haven’t verified personally.
Too good to be true: Exercise skepticism towards job offers that seem overly lucrative or demand upfront payments for interviews or applications.
Legitimate practices: Legitimate employers do not ask for payment in exchange for job opportunities or interviews. Any such demands should raise immediate concerns.
Urgency and intimidation: Scammers often use urgency, threats, or intimidation tactics to pressure victims into quick decisions. Take your time and assess the situation carefully.
Protective measures
To safeguard yourself from WhatsApp scams and fraudulent job offers, follow these proactive steps:
Stay alert: Remain vigilant and question unexpected job offers or requests for personal information.
Verify sources: Only engage with reputable job platforms and verify the legitimacy of recruiters or employers before proceeding.
Report suspicious activity: If you encounter suspicious messages or activities, block and report the sender on WhatsApp immediately.
As Oman gears up for future challenges, initiatives like the Cyber Defence Centre and upcoming Cybersecurity and Data Protection laws promise a more resilient and secure digital landscape. These endeavours underscore the nation’s commitment to staying ahead in the cybersecurity game.
