Public Prosecution explains penalties for infringement of data of financial, commercial, economic institutions using IT

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By Lola Smith

Published: March 2, 2022 | 11:27 AM

Public Prosecution explains penalties for infringement of data of financial, commercial, economic institutions using IT

ABU DHABI, 2nd March, 2022 – The UAE Public Prosecution (PP) explained today, through a video on its social media accounts, the penalties for infringement of data pertaining to financial, commercial or economic institutions using information technology.

According to Article 8 of the Federal Decree-Law No.

34 of 2021 on Combatting Rumors and Cybercrimes, “whoever obtains, acquires, modifies, destroys, divulges, makes available, cancels, deletes, amends, reproduces, publishes or republishes any confidential information or data pertaining to a financial, commercial or economic institution using information technology or an information
technology means” shall be sentenced to temporary imprisonment for a minimum term of five years and a fine ranging between AED500,000 and AED3,000,000.

This post is a part of the Public Prosecution’s continuous efforts to promote legal culture among members of the community and increase their awareness about the latest legislations in the country.

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About Lola Smith

Lola Smith is a highly experienced writer and journalist with over 25 years of experience in the field. Her special interest lies in journalistic writeups, where she can utilize her skills and knowledge to bring important stories to the public eye. Lola’s dedication to her craft is unparalleled, and she writes with passion and precision, ensuring that her articles are informative, engaging, and thought-provoking. She lives in New York, USA.