Saudi Gazette report

RIYADH — The Public Prosecution has reaffirmed that those who commit financial fraud through the internet will get a maximum jail term of three years and fines of up to SR2 million.

The Public Prosecution warned against any activities that involve creating or sending fake links, texts or electronic messages that impersonate government agencies, bodies, or financial or service institutions to obtain money or financial data of others, through fraudulent means or under the cover of a false name.

The Public Prosecution stated that punitive measures will be taken against anyone who commits a cybercrime in terms of seizing for himself or for others a movable asset or a bond or signing the bond by fraud or impersonating the name of an entity in any manner.