Cyber Fraud

Bahrain rejects proposal for 48-hour delay on overseas money transfers

Shahzaib3 hours ago3 hours ago03 mins

Bahrain’s government rejected a proposal to impose a 48-hour delay on overseas money transfers but supported stronger measures to combat cyber fraud. Authorities are focusing on public awareness campaigns, coordination between banks, telecom operators and regulators, biometric SIM verification, and technical systems to reduce fraudulent calls and SMS scams.

Global Cyber Scam Industry Spreads Rapidly, Posing Growing Threat to Financial Systems, Warns UNODC

Shahzaib11 months ago11 months ago03 mins

The UNODC has warned that the global cyber scam industry, which originated in Southeast Asia, has spread to other regions, including South America, Africa, and Eastern Europe. These criminal networks are exploiting vulnerable populations and causing billions in losses, posing a growing threat to financial systems and international security.