Misk Fellowship competition challenges Saudi youth

Misk Fellowship competition challenges Saudi youth
The Misk Fellowship aims to challenge Saudi youth and engender in them a sense of the important role they have to play in the Kingdom’s future. (Photo/Social media)
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Updated 19 August 2020

Misk Fellowship competition challenges Saudi youth

Misk Fellowship competition challenges Saudi youth
  • Misk Fellowship competition seeks to find solutions to the challenges that hinder the achievement of sustainable development goals (SDGs) in the Kingdom
  • Follows the success of the first Dream Neom competition, which concluded with three teams winning financial prizes and training opportunities at Neom

JEDDAH: The MiSK Foundation, in partnership with the Ministry of Economy and Planning, the UN Development Program (UNDP) and management consultancy Bain & Co. launched on Tuesday the second annual Misk Fellowship competition.
This follows the success of the first Dream Neom competition, which concluded with three teams winning financial prizes and training opportunities at Neom.
The Misk Fellowship competition seeks to find solutions to the challenges that hinder the achievement of sustainable development goals (SDGs) in the Kingdom. 
It also aims to support Saudi youth, enhance their sense of responsibility toward their country, and enable them to realize their important role in developing and leading the Kingdom’s future.
Over 100 young Saudi men and women who are part of human capital development programs will participate in the Misk Fellowship to identify challenges, find innovative solutions to overcome them, and leave a lasting and tangible impact.
The annual Misk Fellowship competition includes three main stages. It launches with a virtual three-day training program, followed by the initiation and development of projects, and finally the arbitration stage and selecting nominees. 
The presented projects should include creative solutions to the challenges facing SDGs in four areas: Society, economy, environment and enabling factors. After this, participants will be guided and helped to develop their ideas and visions.
The competition has nominated 17 teams to work with team leaders, including mentors and experts, to develop their solutions and achievements until they reach the final stage, which will be held in mid-October. 
The final evaluation will be carried out by a jury in October, and projects that succeed in making a positive impact will be selected for cooperative training opportunities with partners.


Fraudsters up their game, posing as bank officials on the phone in Saudi Arabia

Fraudsters up their game, posing as bank officials on the phone in Saudi Arabia
Vishing that occurs during a telephone call aims to provoke fear in the victim so that customers will be more susceptible to giving out personal, financial, or security details. (shutterstock)
Updated 18 January 2021

Fraudsters up their game, posing as bank officials on the phone in Saudi Arabia

Fraudsters up their game, posing as bank officials on the phone in Saudi Arabia
  • The Saudi Central Bank has warned bank customers, both citizens and expatriates, not to fall victim to financial frauds being perpetrated by scammers

JEDDAH: Fraudsters have developed a new scam, contacting residents in Saudi Arabia and pretending to be bank staffers requesting customer details.
A number of Arab News staff have received such calls in recent weeks. One caller spoke Urdu while two other callers posing as senior officials from the headquarters of the bank spoke in English and Arabic with a local accent.
They used phone numbers that appeared to be local numbers but upon calling back, the lines failed to connect.
The racketeers collect phone numbers of customers and ring them up, saying that their bank account or ATM card requires immediate updating. The scammers use the information provided to gain access to their bank accounts.
Speaking to Arab News, Talat Zaki Hafiz, secretary-general of the Media and Banking Awareness Committee of Saudi banks, said: “Saudi banks represented by the Media and Banking Awareness Committee have repeatedly warned bank customers not to react to stray phone calls of any kind coming from unknown sources that ask to update their banking record or personal information.” He further confirmed that banks do not request such information through phone calls or SMS messages.
Mohammed Khurram Khan, a professor of cybersecurity at the King Saud University in Riyadh, told Arab News: “Phishing, an online scam which targets users through emails where individuals are encouraged to click on a link that takes them to fraudulent sites, was troubling people. Now it’s a different kind of scam known as ‘vishing,’ over-the-phone phishing, where scammers persuade users to share their banking information by impersonating a bank official.”

HIGHLIGHT

The racketeers collect phone numbers of customers and ring them up, saying that their bank account or ATM card requires immediate updating. The scammers use the information provided to gain access to their bank accounts.

Vishing that occurs during a telephone call aims to provoke fear in the victim so that customers will be more susceptible to giving out personal, financial, or security details.
Sharing his experience Zafar Hasan, an e-learning consultant in Riyadh, said: “I received a call from someone on an unknown mobile number who introduced himself as a bank employee and told me that my ATM card was going to be blocked. It required an immediate update so I should give my Iqama number (residence permit number) and sixteen-digit ATM card number. I felt something was fishy, so I told him that I would go personally to the bank to update the card.”
The Saudi Central Bank (SAMA) has warned bank customers, both citizens and expatriates, not to fall victim to financial frauds being perpetrated by scammers.
SAMA called on bank customers to take information only from the official channels of the bodies regulating the Kingdom’s financial and investment sectors and inform the competent security authorities about such fraudulent attempts.