Sunday 13 July 2014
 
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credit card fraud

Bank Muscat to recover $39m card fraud amount

Bank Muscat, Oman's top lender, said the bank will recover the $39 million it lost in a global pre-paid card fraud after insurers agreed to indemnify the loss. In a globally co-ordinated campaign, hackers broke into two uniden

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Ex-Bahrain bank employees jailed for $4m fraud

Two former Bahrain bank employees who stole BD1.6 million ($4.24 million) by creating duplicate credit cards using fake names have each been jailed for 10 years. The Bahrainis were convicted of fraud at the High Criminal Court. Acc

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Cybercrimes across GCC ‘double in 1 year’

The number of active computers across the GCC falling prey to cybercrimes, including viruses, online credit card fraud and identity theft, has seen a rise of 116 per cent in less than a year, said a report. Figures also showed that in the

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