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.
H.H. Sheikh Mohammed announces launch of Dubai research campus 'Nad Zabeel'
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UAE strongly condemns attack on Qatari gas tanker in Arabian Gulf
The UAE has strongly condemned the attack targeting the Qatari-owned liquefied natural gas (LNG) tanker Al Mayeda in the Arabian Gulf.
H.H. Sheikh Khaled meets global leaders in energy, AI at Abu Dhabi's ENACT Majlis
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Sharjah airlifts 140 tonnes of essential aid for winter to Gaza
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Dubai Municipality expands Al Satwa's plot regulations
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