Banks have issued a strong warning to customers against responding to messages received through email or phone calls that request downloading banking applications via embedded links, confirming that these tactics are among the latest cyber fraud attempts currently being detected.

Experts explained that fraudsters are increasingly using artificial intelligence to replicate official banking websites or send highly convincing fake messages, stressing that legitimate banks never request sensitive information through phone calls or email communication.

Reports indicate that attackers are targeting Android users in particular by distributing malicious applications that closely mimic legitimate banking apps or browser updates, allowing criminals to steal login credentials and one time passwords while gaining control over user devices.

Banks emphasized that customers should only download applications from official app stores and must avoid clicking on any suspicious links received through SMS, messaging applications, or email, in addition to refusing unnecessary permissions and keeping devices regularly updated.

They also highlighted that awareness remains the most critical defense layer, especially as cyberattacks continue to rise significantly, with tens of thousands of daily attempts being blocked, noting that most successful fraud cases rely on social engineering rather than direct system breaches.

The UAE Ministry of Finance has announced the launch of the 4-Corner e-invoicing model, marking a significant milestone in the country’s digital transformation journey and enabling businesses to exchange electronic invoices seamlessly through approved channels.

This system represents a critical step toward building a fully integrated and automated digital financial ecosystem, allowing companies across the UAE to exchange e-invoices through accredited service providers, thereby enhancing operational efficiency and service quality.

The ministry stated that businesses can access the EmaraTax platform operated by the Federal Tax Authority to select an approved service provider and begin implementation, which requires signing a commercial agreement and completing onboarding procedures before activating invoice exchange.

The new system enables secure and direct invoice exchange between suppliers and buyers, improving compliance, increasing transparency, and simplifying procedures, which strengthens the overall business ecosystem and boosts confidence in the national economy.

Officials emphasized that this initiative aligns with global best practices and reflects the UAE’s commitment to advancing its financial infrastructure, encouraging businesses to adopt the system early and benefit from upcoming enhancements such as the Corner 5 tax reporting feature, further reinforcing the country’s leadership in digital taxation.