On March 17, 2025, Resecurity, a U.S.-based cybersecurity company, announced its strategic partnership with the Union of Arab Banks (UAB) to bolster cybersecurity and fraud prevention initiatives across the Arab financial sector. This landmark collaboration seeks to provide enhanced security measures for the banking sector, representative of over 330 financial institutions across the Middle East and North Africa (MENA).
The UAB serves as the largest banking consortium across the Arab world. Founded under the banner of the Council of Arab Economic Unity and the League of Arab States, it plays a pivotal role not just as the voice of banking institutions but also as an engine for innovation and economic development within the region. With this new alliance, the focus will be on implementing advanced cybersecurity solutions to safeguard sensitive financial data and maintain trust with customers.
Wissam Fattouh, Secretary General of the Union of Arab Banks, emphasized the significance of this partnership, stating, “Through our collaboration with Resecurity, we are bringing world-class threat intelligence and cybersecurity expertise to the Arab banking community to help mitigate cyber risks and enhanced regional cyber resilience.” His remarks underline the pressing need for effective cybersecurity measures as digital threats continue to proliferate.
Resecurity’s commitment to this partnership involves providing UAB member banks with access to its comprehensive suite of cybersecurity solutions. Foremost among these is the Fraud Prevention Platform, which utilizes advanced threat intelligence, behavioral analytics, and machine learning to proactively detect and mitigate fraudulent activities targeting banks and their customers.
The growing complexity of financial crime necessitates sophisticated tools for threat detection and risk management. Resecurity aims to empower Arab banks through innovative technologies and methodologies, positioning them to counter not only current threats but also future challenges posed by cybercriminals.
Gene Yoo, CEO of Resecurity, expressed pride in joining forces with UAB, stating, “We are honored to partner with the Union of Arab Banks, a leading institution driving the advancement and security of the Arab financial ecosystem. Cybersecurity and fraud prevention have become of utmost importance within digital banking and financial services.” Such sentiments resonate with the broader objective of reinforcing trust and security within financial transactions.
Training and information sharing will also form core components of this collaboration. Both organizations plan to implement joint initiatives aimed at enhancing cybersecurity capacities among member banks, ensuring they are equipped to respond to new and emergent cyber threats.
By fostering greater cooperation and developing training programs, Resecurity and UAB aim to lay down the frameworks necessary for enduring security across the Arab financial sector. The thriving digital transformation taking place across banks has, understandably, raised concerns over cybersecurity, making this partnership timely and critically relevant.
The Union of Arab Banks has long championed efforts to modernize banking practices and promote financial inclusion, so it is not surprising they seek to combine forces with leading cybersecurity firms to surmount such challenges. This partnership not only aims to facilitate individual bank defenses but also fortifies the regional banking infrastructure as a whole.
The steps taken now through this initiative could shape the future of cybersecurity within the Arab banking system, as enhancing protection mechanisms becomes not only advantageous for individual institutions but also increasingly necessary for safeguarding the entire financial ecosystem against sophisticated cyber threats.
About Resecurity: Founded in 2016, Resecurity has been acknowledged globally for providing cutting-edge data-driven intelligence solutions aimed at counteracting cybersecurity threats. The company was recently named one of the top 10 fastest-growing private cybersecurity companies by Inc. Magazine, and it holds several partnerships and memberships with organizations focused on promoting cybersecurity best practices and policies.
About the Union of Arab Banks: The UAB, created to unify Arab financial institutions, has played a significant role since its inception in 1974. Representing diverse banking entities, it remains committed to fostering collaboration, innovation, and financial stability across the Arab region.
