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.
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President His Highness Sheikh Mohamed bin Zayed Al Nahyan has said that Commemoration Day, on November 30, is a cherished national occasion on which the nation honours the memory of its courageous heroes who gave their lives for the UAE, exemplifying the highest ideals of sacrifice in defence of their country and its values.
His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, said that on Commemoration Day the spirit of patriotism fills the hearts of all Emiratis, and the nation takes pride in the sacrifices of its martyrs.
UAE President His Highness Sheikh Mohamed bin Zayed Al Nahyan has sent a message of condolence to President Prabowo Subianto of Indonesia over the victims of floods and landslides on Sumatra Island, resulting in hundreds of deaths and injuries.
