The Dubai Police has called for faster response times from financial and tech institutions to combat online fraud, emphasizing the role of the new Anti-Fraud Lab. This is particularly relevant for procurement professionals and industrial firms involved in high-value B2B transactions. Large equipment purchases and international trade payments are prime targets for sophisticated phishing and payment redirection scams.

Industrial buyers must strengthen their internal verification protocols for wire transfers and vendor onboarding. The push for faster bank responses provides a safer environment for capital expenditure (CAPEX) procurement, but companies are encouraged to invest in secure industrial cybersecurity frameworks to protect their supply chain finances and sensitive trade data.

Lost money to online scam? Dubai Police urges banks, tech firms to respond faster