Summary
Fawry has hacked.. In recent years, electronic payment networks have witnessed significant development and increased reliance on technology to facilitate online payment and financial transfers. Among these well-known networks is the “Fawry” network, which has gained popularity among users.
However, this network recently experienced a serious breach, prompting experts to issue warnings about its safety and the need to take necessary precautions.
QNB and Arab African Bank have warned their customers to take security measures and reminded them that this breach may be the result of a Chinese company. So far, the accuracy of this information has not been confirmed by the Hot Trendline Arabic website.
After the breach was discovered, several experts in information security issued a warning regarding the use of the “Fawry” network. They urged users to immediately change their passwords and review their banking accounts to check for any unusual or unauthorized activities.
They also advised staying away from downloading or opening any unfamiliar emails or links related to the “Fawry” service until their source and legitimacy are verified.
Security measures taken:
After the breach, Fawry made every effort to enhance security measures and protection in its system. The software used was improved, and security barriers were strengthened to protect against future attacks. The company is also working on raising awareness about information security among users and providing necessary guidance to protect personal accounts and financial data.
Impact of the breach:
The breach of the “Fawry” network is a serious event that raises concerns among users regarding the security of their sensitive financial data. Unauthorized access can lead to users being exposed to financial fraud, identity theft, and other fraudulent exploitation. Therefore, the warning issued by experts aims to raise awareness among users about the importance of protecting their accounts and staying away from any suspicious activities.
Fawry Company:
Fawry is an Egyptian joint-stock company founded in June 2008, operating in the field of financial technology, electronic payments, e-wallets, and financing. The company provides its financial services to customers and businesses through over 166,500 locations within Egypt.
Services provided by Fawry:
Fawry offers a wide range of financial services, including:
Electronic payments: Fawry enables customers to pay bills, government fees, subscriptions, online purchases, and other electronic payments.
E-wallets: Fawry provides its customers with e-wallets through which they can make electronic payments, money transfers, and purchase goods and services.
Financing: Fawry offers financing services to its customers, such as personal loans, small and medium-sized project financing, and consumer financing.
Fawry’s reach:
Fawry has a wide network of points of sale throughout Egypt, including shopping centers, pharmacies, fuel stations, banks, and government institutions. Fawry also provides a smartphone application that allows customers to easily and securely make electronic payments.
Achievements:
Fawry has achieved several milestones, including:
Becoming the first Egyptian startup to join the billion-dollar market value companies.
Winning the Best FinTech Company in the Middle East and North Africa for 2022.
Signing a cooperation agreement with Visa to launch electronic payment services using Visa cards in Egypt.
Fawry’s future:
Fawry plans to expand its services and markets in the future, aiming to reach 20 million customers in Egypt by 2025. The company also plans to expand into regional markets such as Saudi Arabia and the United Arab Emirates.