The Saudi Arabian Monetary Authority (SAMA) celebrated the graduation of 68 participants from the second batch of its Cyber Anti-Fraud Program (CAFP), following three months of training at Cambridge University. The cohort included participants from SAMA, local banks, digital banks, and electronic wallet institutions. The programme forms part of a national initiative led by SAMA to build domestic capabilities to address cyber threats affecting organisations and individuals. Training focused on applying SAMA’s Counter-Fraud Framework, covering fraud methods, risks and prevention strategies across four pillars: governance, counter, monitoring and response, alongside practical engagement with global banks and financial institutions.
Saudi Arabian Monetary Authority 2025-03-09
Saudi Arabian Monetary Authority graduates 68 participants from the second Cyber Anti-Fraud Program
The Saudi Arabian Monetary Authority (SAMA) marked the graduation of 68 participants from its Cyber Anti-Fraud Program, a three-month training at Cambridge University. This initiative, part of SAMA's effort to enhance domestic cyber threat capabilities, involved participants from SAMA, local banks, digital banks, and electronic wallet institutions. The training emphasized SAMA’s Counter-Fraud Framework, addressing fraud methods, risks, and prevention strategies.