SAMA: Emphasizes the importance of maintaining the confidentiality of personal and banking data

9/2/2020 2:00 PM

                The Saudi Arabian Monetary Authority (SAMA) stated that during the last period, it had detected many fraudulent calls and text messages to unknown entities and persons, which aim to access personal or banking data of individuals by using the name of SAMA, and notifying him of the existence of money or rights with the institution. SAMA stresses the importance of commitment to maintaining the confidentiality of personal and banking data and not disclosing it to any unknown parties or persons, noting in the same context that financial and banking fraud practices may have different methods, but its goal is to be able to obtain the personal and confidential data of the targeted persons in order to steal their money or use their bank accounts to pass illegal operations.

                SAMA also hopes, in order to ensure the safety of financial transactions and clients of financial institutions toTake information from the official channels of the regulators of the financial and investment sector, and not responding to these fraudulent attempts.

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