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.
News Source: Emirates News Agency