The UAE Cyber Security Council has issued a renewed warning about the growing threat of financial cybercrime, cautioning that stolen login credentials remain the most common entry point for attacks targeting individuals, companies, and institutions. According to the council, around 60% of financial cyberattacks begin with the theft of usernames and passwords, making compromised credentials a primary gateway for fraud, identity theft, and unauthorized access to sensitive financial information. 

In comments to the Emirates News Agency (WAM), the UAE Cyber Security Council said that financial data remains one of the most sought-after assets for cybercriminals, particularly as digital banking...