A UAE-based bank has been ordered to compensate a customer who lost more than AED 4.5 million in savings following a SIM card swap scam.
His account was emptied by fraudsters who managed to get a replacement phone SIM and changed the PIN connected to his banking services.
The Dubai Commercial Court found the bank responsible for the client's losses as his personal details had been leaked.
The verdict has been appealed by the bank.
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UAE, DR Congo Presidents discuss strengthening cooperation under CEPA
UAE President His Highness Sheikh Mohamed bin Zayed Al Nahyan has discussed strengthening bilateral relations with President of the Democratic Republic of the Congo Félix Tshisekedi in a phone call on Wednesday.
UAE leaders highlight youth's role central to nation's future
Marking International Youth Day, UAE President His Highness Sheikh Mohamed bin Zayed Al Nahyan has led messages emphasising the central role young people play in "achieving a future in which opportunity can grow for all".
UAE highlights flexible, skills-based education model at BRICS meeting
The UAE has proposed five priorities to strengthen education cooperation among BRICS countries.
Abu Dhabi Customs raises alert over fraudulent messages
Abu Dhabi Customs is warning customers to beware of fraudulent messages impersonating the authority and using official-looking language to appear genuine.
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