Thursday 29, December 2016 by Georgina Enzer

UAE Banks Federation supports 2017 Fraud Conference Middle East as a strategic partner

The UAE Banks Federation (UBF), the professional body representing 49 banks in the UAE, that it will be the strategic partner for the 2017 ACFE Fraud Conference Middle East, set to take place in Dubai from 29-31 January 2017 at Atlantis, the Palm.

Held under the patronage of His Excellency AbdulAziz Al Ghurair, Chairman of UAE Banks Federation (UBF), the event is being hosted by the Department of Economic Development (DED), Government of Dubai, in partnership with the Association of Certified Fraud Examiners (ACFE).

UBF’s decision to support and patronage to the three-day conference comes in line with its commitment to fight fraud and corruption and safeguard the interests of its members and their customers, especially in a context where cyberattacks are increasing in frequency, sophistication and impact.

“The ACFE Fraud Conference offers a significant opportunity for the region’s banking community to learn about the latest trends in fraud prevention and detection and collectively explore effective techniques to tackle fraud attacks. Our support for the conference is an affirmation of our commitment towards protecting our industry and our customers against the growing risk of fraud to reach a more secure banking environment in the UAE,” said HE AbdulAziz Abdulla Al Ghurair.

The 2017 ACFE Fraud Conference Middle East will gather an exceptional panel of speakers led by Eugene Kaspersky, CEO of world-renowned cybersecurity company Kaspersky Lab, and former Enron CFO Andrew Fastow. Attendees will receive an early glimpse into the contents of the Report to the Nations on Occupational Fraud and Abuse: 2016 Middle East Edition. The report shows that fraud cases examined in the Middle East resulted in a median loss of $275,000 (more than AED 1 million) per case — notably higher than the global median loss of $150,000.

Features & Analyses