Online Scams & Fraud in Egypt

While there are National formal futures platformorganizations and authorities in Egypt that work to combat various forms of fraud and scams, such as the Egyptian Competition Authority, Egyptian Financial Regulatory Authority (FRA), and the Egyptian Consumer Protection Agency (CPA), the coordination and centralization of efforts may be limited. This decentralization could potentially lead to challenges in tracking, reporting, and addressing cybercrime effectively.

The absence of comprehensive and up-to-date statistics on cybercrime in Egypt makes it difficult to gauge the scale and impact of such activities, hindering efforts to combat scams and protect individuals and businesses from falling victim to fraudulent schemes. 

Join us as we discuss online scams and fraud in Egypt from where you can report to what kind of victim support you can expect. 

Scam Statistics in Egypt

The key statistics on online fraud in Egypt, according to the Global Anti Scam Alliance.

	2018	2019	2020	2021
Population	103.7 million	105.6 million	107.5 million	109.3 million
Internet Penetration	49.2%,	54%	56.1%	61.5%
# of Scams
Scams / 1,000
Money Lost
Money Lost / Capita
Money Lost / Report

The figures in the table will differ strongly per year as various sources have been used, pending on availability.

 

Download the Global State of Scam Report

Where Can I Report a Scam in Egypt?

• The Police- You can report any online scam and fraud to the nearest police station
• Consumer Protection Agency- You can file a complaint with the Consumer Protection Agency for any consumer-related fraud

 

Report a scam

How to Report a Scam in Egypt

Reporting a scam is crucial. At the moment, only 7% of all scams are reported. As a result, only 0.05% of all cybercriminals are caught. Reporting online fraud is not only essential if you want to try and get your money back. It is also needed to help law enforcement fight scammers better.

• Gather info: Collect all information about the suspected fraud including the name, telephone, key web pages, emails, IP address, and any other information relevant. This is needed to file a complete report.
• Report the incident: Always report to your local law enforcement and note the file number they might provide for your fraud report for future reference.
• Stop the Money: Report the incident to the financial institution that transferred the money such as your bank, Paypal, credit card company, or the Internet payment service provider.
• Protect yourself: Scammers often contact you again. Sometimes with the same scam. Sometimes to help you “recover your money”. Consider changing your email address/phone number. Also, install the FTI browser extension to warn you of scams.

Our article “How and Where to Report a Scam” gives you more detail and tips on how you can best report online fraud.

Scam Victim Support in Egypt

We could not find any victim support group in Egypt.

How to Check for a Scam in Egypt

Of course, you can always check for scams on FTI.com. However, there are several other sources where you can check if a website is registered as a company and if it can offer financial, gambling, or other regulated services as well.

• Egyptian Financial Regulatory Authority (FRA)- You can check for financial-related services scams and investment scams as the FRA oversees and regulates financial markets in Egypt

Scam News From Egypt

• Egypt arrests dozens over alleged online crypto scam
• Over 50% of users in Egypt encountered phishing attempts during electronic payments: report

 

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