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Saudi Arabia Leads Cybersecurity, Ranks Lowest in Financial Crimes Globally

Saudi Arabia has emerged as a global leader in cybersecurity, securing the top position in the Global Cybersecurity Index (GCI) for 2024. A global report highlighted the country’s exceptional efforts in combating cyber threats, placing it in the highest role-modeling category. Despite a global surge in financial fraud, Saudi Arabia ranks the lowest worldwide in such crimes.

Naif Al-Wakid, head of the Anti-Fraud Prosecution under the Saudi Public Prosecution, emphasized the effectiveness of the Kingdom’s electronic systems. “Saudi Arabia’s position reflects the exceptional protection enjoyed by government electronic systems,” he stated. He also urged citizens to remain vigilant against fraud attempts.

Investigations Reveal No Cyber System Breaches

Al-Wakid noted that investigations by the Public Prosecution confirmed no financial fraud crimes resulting from cyber system breaches in Saudi Arabia. He clarified that registered crimes involved criminals exploiting victims’ personal data, not breaching secure systems.

He also explained that financial fraud prosecutions operate around the clock across the Kingdom. This ensures authorities can promptly respond to reports of fraud and collaborate with law enforcement agencies. Al-Wakid encouraged victims to report fraud cases immediately to banks and the police to recover funds and prevent international transfers.

Government Services: Protection and Caution

Saudi Arabia’s government services, including ‘Absher’ and the ‘National Single Sign-On’ initiative, are safeguarded as citizens’ data is treated as a ‘red line.’ Al-Wakid stressed the importance of caution, advising against sharing verification codes or personal information with untrusted parties. “Even with robust protection, fraudsters can access systems if they have personal data,” he warned.

He highlighted popular tactics used by fraudsters, such as rapid investment schemes and deceptive advertisements, urging people to avoid such scams.

Strengthened Legal Measures and Public Awareness

The Public Prosecution and other authorities are intensifying efforts to achieve quick justice in financial fraud cases. Al-Wakid assured citizens that their funds are under strict legal protection, and the Public Prosecution remains committed to tracking down fraudsters.

He also provided practical advice for maintaining digital safety, advising individuals to verify the authenticity of electronic links before interacting with them. Al-Wakid encouraged reporting any fraud attempts, regardless of the amount involved.

Advanced Crime Analysis Unit

The Public Prosecution’s crime patterns analysis unit, overseen by the deputy public prosecutor, plays a crucial role in combating financial fraud. The unit analyzes data and examines criminal patterns to find links between crimes and perpetrators. This approach helps in uncovering recurring fraud activities, pinpointing crime locations, and tracing financial transactions. The insights aid in providing accurate and effective crime prevention strategies.

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