shares
Riyadh,25 November 2024 – Versos, a premier IT security technology and servicesrecognized for spearheading digital transformation through advanced cybersecurity andinfrastructure solutions in Saudi Arabia, announces the launch of its Cyber Fraud Fusion Center(CFFC), a groundbreaking initiative designed to help organizations combat cyber fraud threats andensure compliance with regulatory requirements. The CFFC aligns closely with Saudi Arabia’s Vision2030, delivering secure, innovative, and scalable solutions tailored to the Kingdom’s evolving needs.Cyber fraud continues to pose significant challenges worldwide. In Saudi Arabia, under the SaudiCentral Bank’s (SAMA) Counter Fraud Framework, financial institutions are mandated to implementrobust anti-fraud systems.
“The Cyber Fraud Fusion Center demonstrates our commitment to supporting Vision 2030’s objectiveof a secure, digitally advanced Saudi Arabia,” said Ziad Odeh, Executive Director at Versos. “There isrenewed vigor in the approach to data protection and cyber security in the Kingdom, spanningindustries like energy and banking, evident across the entire country’s digital ecosystem. We havetaken significant steps to establish a secure foundation for these systems.”
The Cyber Fraud Fusion Center boasts a 24/7 Operations Center staffed by expert analysts who providereal-time cyber fraud threat monitoring and mitigation and minimizing fraud false-positives. Itfeatures advanced fraud detection tools that offer actionable insights across digital channels toproactively identify and prevent fraudulent activities. The center also provides comprehensivesupport for managing alerts, policies, compliance reporting, and optimizing anti-fraud measures.Additionally, it offers strategic consulting services to help organizations develop robust fraudprevention frameworks aligned with SAMA guidelines.
By partnering with Group-IB, a global leader in cyber intelligence and fraud prevention, Versoscombines innovation with industry-leading expertise to provide enterprises with the tools they need tonavigate complex cyber fraud threats effectively.
Versos aims to reduce costs, streamline fraud detection, and enhance resource availability throughcentralized management. Accurate fraud detection minimizes false positives and acceleratescompliance. By addressing operational and financial pressures, the Cyber Fraud Fusion Centerequips organizations to face cyber threats confidently, ensuring a resilient digital future for SaudiArabia.
%20in%20Saudi%20Arabia){kind=link}