The event, organised by the Federation of GCC Chambers, was part of the ‘1st Gulf Week for Law and Arbitration’, held in Bahrain and organised by the GCC Commercial Arbitration Centre.
Abdul Aziz al-Kuwari, director of the Legal Affairs Department, represented the chamber in the panel discussion, which featured several legal directors and experts from chambers of commerce across the GCC. The topic aims to raise legal awareness within the private sector regarding financial and cyber fraud issues and ways to combat them.
In his presentation during the session, al-Kuwari emphasised that Qatar Chamber can help protect the interests of the private sector from electronic financial fraud by providing information on best security practices and offering advice on how to safeguard against cyber fraud.
He stressed the importance of private sector co-operation with the chamber to enhance protection against electronic financial fraud. He noted that companies should implement self-protection measures, such as using strong passwords, updating software regularly, and utilising antivirus programmes.
Furthermore, legislation and regulations should be strengthened to bolster the private sector’s protection against electronic financial fraud, along with enhancing international co-operation to combat such fraud.
He concluded that protecting the interests of the private sector from electronic financial fraud requires joint efforts from all relevant parties. Collaborative work is essential to enhance cybersecurity and achieve economic stability across GCC countries, al-Kuwari added.
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