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JEDDAH: A committee consisting of the ¶¶Òõ¶ÌÊÓƵn Monetary Agency (SAMA) and a number of security and technical bodies embarked on the application of Article 4 of the Anti-Cybercrime Law on fraudsters who use social networking channels, especially (Twitter) for their illegal operations.
The article stipulates that a prison sentence of up to three years and a fine of up to SR2 million can be imposed on any person who commits any of the following Cybercrimes: Taking (by force) for himself or for another person or party property or financial instruments such as bonds by means of fraud, or taking a false name or impersonating another individual to gain access to their accounts without legal justification.
An official source told a local publication that the work of this committee on the Anti-Cybercrime Law will also involve firms that allegedly offer the provision of false financing operations.
The source added that whoever is exposed to fraud through social networking channels should immediately submit their complaint to the police, which will refer the issue to the relevant bodies of jurisdiction to take all necessary procedures and apply the penalties provided for in the Anti-Cybercrime Law.
Sources said that the activation of fingerprint technology for mobile SIM cards by telecommunication companies will greatly contribute to controlling and detecting these fraudsters.