Protecting Bank Customers from Cyber Threats (Electronic Fraud and Identity Theft) and the Legal Guarantees Introduced in Saudi Legislation

Abstract

With the increasing reliance on digital banking services, protecting bank customers from cyber threats such as cyber fraud and identity theft has become a critical concern. This paper explores the legal safeguards introduced by Saudi legislation to protect the interests of bank customers and enhance cyber security measures. It studies the basic provisions and regulations established by the Saudi authorities to combat cyber threats and ensure the protection of customer data and financial transactions. The study also addresses the role of financial institutions in implementing these legal guarantees and the collaborative efforts between banks and regulatory bodies to create a safe banking environment. By analyzing the current legal framework and its effectiveness, this research contributes to a comprehensive understanding of the measures applied to protect bank customers in the Kingdom of Saudi Arabia and provides insights into potential areas for improvement and access to the laws adopted by Saudi legislation to protect personal data and secure user privacy.