“Banking accounts hack” is one of the most dangerous electronic crimes ever, and it has different forms and various methods, and targets the majority of countries in the world, because the banking system is an attractive target for hackers and electronic fraudsters. Illegal, to the point where experts assert that some cards are hacked before the owners themselves use them.
In light of the development of this criminal method, banking transactions received great importance on the part of the UAE legislator, as he surrounded them with an impenetrable fence of secrecy through Federal Law No. (14) of 2018 regarding the Central Bank, as stipulated in Article (120) that “all data and information The accounts of bank customers and the transactions related to them are confidential in nature, and they may not be viewed or disclosed directly or indirectly to any party except with the written permission of the account holder or the legal representative or authorized agent in this and in the authorized cases.
Article (148) of the same law stipulates that “anyone who intentionally discloses the confidentiality of banking and credit information referred to shall be punished by imprisonment and a fine of not less than 100,000 dirhams and not more than 500,000 dirhams.”
The legal protection of customer accounts from all forms of fraud and seizure extends to Decree Law No. 5 of 2012 and its amendments regarding combating information technology crimes, as it stipulates in Article (12) of it, “Punishing anyone who unlawfully accessed through the use of the information network or an electronic information system.” Or by one of the means of information technology to bank account numbers or data, with imprisonment and a fine or one of these two penalties, and he is also punished by imprisonment for a period of no less than six months and a fine of no less than 100,000 dirhams and not more than 300,000 dirhams, or one of these two penalties if intended. Obtaining other people’s money.
If he reaches from his crime the seizure of money owned by others for himself or for others, he shall be punished by imprisonment for a period of no less than one year and a fine of no less than 200,000 dirhams and not in excess of one million dirhams, or either of these two penalties.
In light of this impenetrable legal immunity of bank accounts, the role of the customer himself remains, in protecting his confidential data, so he does not fall into naivety and trap fraudsters who usually play on the chord of greed, tempting a person with a fake prize, or manipulating him psychologically by convincing him that they belong to the bank, or from a security authority or service to persuade him to disclose confidential data.
To sum up, the bank cannot ask you by phone for any confidential information, so do not fall into the trap and be a reason for hacking your account and losing your money.
Senior legal advisor