As the regional banks and financial institutions going online and eBanking services are being widely accepted by its customers, fraudsters continue to evolve with it by devising innovative ways to harm the institution and its customers. Unless institution keeps on top of the latest trends in fraud, best practices, new regulations and innovations, fraudsters will always be a step ahead—with money in hand.

As the financial fraud has become an increasingly noticeable problem within the banking community in the Middle East, the time is high for implementing advanced fraud management strategies in the regional organizations to address the problem quickly and effectively and secure our financial markets from a massive loss and credibility. By providing the advanced methods to instigate successful fraud prevention and enforcement strategies in eBanking, the summit aims to deter the level of new perpetrators and restricting the number of financial and finance fraud cases committed.