Saudi Arabia ranks the lowest in terms of financial fraud crimes worldwide, according to the latest global report.
The country secured the top global position in the Global Cybersecurity Index (GCI) for 2024, billed as the highest category of role-modelling.
“Saudi Arabia attains this covetous position at a time when there is a surge in rates of global financial fraud crimes,” said Naif Al-Wakid, head of the Anti-Fraud Prosecution under the Saudi Public Prosecution.
“This reflects the exceptional protection enjoyed by government electronic systems,” he said.
Al-Wakid said that based on investigations conducted by the Public Prosecution, no financial fraud crimes resulting from cyber system breaches have been recorded in the Kingdom.
All registered crimes were due to criminals exploiting victims’ personal data, he added.
Al-Wakid said financial fraud prosecutions operate continuously, seven days a week, around the clock in all regions of the Kingdom, to receive reports of financial fraud from law enforcement agencies.
He also urged fraud victims to immediately report any incidences of fraud to the police and banks as a crucial step to ensure the recovery of embezzled funds and prevent their transfer abroad.
The Public Prosecution and other entities are enhancing procedural measures to achieve prompt justice in combating financial fraud crimes, he said.
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