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The Middle East is considered the most-targeted area in the world in terms of cybercrime and loss of data, Joseph Torbey, president of the Association of Banks in Lebanon and chairman of the World Union of Arab Bankers said Thursday.Torbey stressed that Arab banks needed to be fully alert to the dangers of cybercrime and the loss of sensitive data.Torbey said a data protection officer should be appointed in the compliance units of financial institutions and banks.Torbey said the excessive use of technology by banks might allow hackers and criminals to penetrate the financial system.
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