A top Interpol chief has expressed concerns about the cybersecurity measures in banks across the region. According to Major Ali Qubaisi, the Interpol team leader for the Middle East and North Africa, and head of the Economic Crimes unit of the Qatari Interior Ministry, banks in the region are "under-protected" against cybercrime. Additionally, legislation is not keeping pace with technological advancements.
In an exclusive interview with Emirates 24|7, Major Qubaisi highlighted that the protective measures adopted by Arab banks against cybercrime are insufficient. "Some of these banks are surprised by the number of crimes being committed, but that is due to a lack of protection which should be adopted in this vital sector," he stated.
He emphasized that as many as 50% of Arab banks need "electronic patrols." These patrols consist of groups that work online to track and detect any attempts to penetrate a bank's systems. Major Qubaisi explained that most legislations in the Arab world and the Gulf region require laws that specialize in cybercrime and are flexible enough to cope with the rapid development of electronic crime.
Regarding cybercrime in general, Major Qubaisi noted that "most cases are based on defamation, extortion, and financial fraud." He also predicted an increase in all types of online crime, especially sexual offenses, due to the widespread use of the internet.
