Dubai: Men steal Dh 9,97,179 in bank customer account hacking

December 7, 2016

Dubai, Dec 7: Three men were allegedly involved in embezzling Dh 997,179 after hacking into a bank customer's account, the Court of First Instance was told on Monday.

According to prosecution records, the three men, all Indians, aided and abetted other suspects at large in applying for a SIM card in that customer' name at a telecommunication service provider. They faked the victim's signature on the application form after pretending the original SIM card was lost.

The three men, including a jobless, a visitor and a mechanic, allegedly aided and abetted the other suspects in downloading the bank's smart application using the customer's mobile number. They managed to hack into his account and steal the large amounts.

They did not show up in court to face charges of forgery, online fraud and embezzlement

The case was reported on May 15 at Bur Dubai police station.

One of the bank staff said that the customer complained that large amounts of money had been embezzled from two of his accounts.

"We checked and found that online smart banking had been activated through his mobile number which was registered with the bank. The money was then transferred from the victim's account to another account and later withdrawn in cheques in the defendants' names".

A police lieutenant said : "Through investigation, we apprehended the first accused (a 38-year-old) who admitted he had had a SIM card issued in the victim's name with the help of a runaway accomplice. He was paid for his part"

The second man, 26, was arrested while trying to encash a cheque at the bank's branch in a mall, upon a request from another runaway accomplice for a certain commission

He confessed during interrogation that the same runaway man had given him several bank cards and pin codes and asked him to withdraw money from ATM and that he was paid for his help.

The court will hand down a ruling on December 29.

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UAE announces new 10-year Blue Residency Visa. Details here

News Network

May 17,2024

The United Arab Emirates has announced a 10-year Blue residency visa for individuals who have made exceptional efforts and contributions to protecting the environment.

Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, who chaired the Cabinet meeting at Qasr Al Watan in Abu Dhabi formally approved this.

He said the move comes in line with implementing the directives of President Sheikh Mohamed bin Zayed Al Nahyan, who had announced 2024 as the Year of Sustainability.

The Blue visa will be granted to individuals championing sustainability and the use of modern technologies in promoting the circular economy, and other relevant fields.

Sheikh Mohammed said the sustainability of our economy has become linked to the sustainability of our environment, and our national directions in this area are clear and consistent.

He also approved the National Youth Agenda, among several initiatives, instructing the Minister of Youth to prioritise five key areas: empowering youth economically, developing their scientific skills, reinforcing their national identity, enhancing their community contributions, and activating their role in representing their country on the international stage.

CEO of Artificial Intelligence

The Cabinet has approved the introduction of the post of CEO of Artificial Intelligence (AI) in all major federal entities, in line with the UAE's strategy to strengthen its position in AI.

“Today, we approved the introduction of the CEO of Artificial Intelligence role in all major federal entities, as part of the UAE’s strategy to solidify its position in the field of artificial intelligence,” the Vice President said.

The initiative aims to facilitate the integration of AI tools within these institutions, further advancing the transition toward a new era driven by cutting-edge technologies across federal entities.

University rankings

The Cabinet also endorsed a new framework for categorising higher education institutions across the nation. The forthcoming national rankings will assess over 70 higher education establishments based on the quality of their education, the employability of their graduates, the strength of their scientific research, and their collaborations with international scientific institutions.

The unveiling of these university rankings marks a significant stride in elevating the calibre of our higher education system and fostering transparency. It empowers families to make informed decisions, selecting the most suitable and exemplary educational pathways for their children,” Sheikh Mohammed said.

“During the meeting, we were updated on recent advancements in our national space sector, with our national cadres now comprising 38 per cent of personnel engaged in global space projects. Additionally, expenditure on space research has seen a 14 per cent increase."

"Our commitment remains steadfast in guiding our youth towards promising and pioneering sectors while safeguarding our environment and adopting leading international technologies within our government. Concurrently, we are dedicated to enhancing our higher education systems, ensuring a brighter future for our youth,” Sheikh Mohammed added.

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