Saudi Aramco Says Fraud Foiled

Saudi Aramco Says Fraud FoiledSaudi Aramco Says Fraud Foiled

Saudi Arabian Oil Co. said it foiled a fraud attempt involving scammers pretending to work for India's state-owned Oil and Natural Gas Corp. after a newspaper report claimed the kingdom's oil firm was the victim of a massive cybercrime. A statement by Saudi Aramco said the fraud involved a fake money transfer, without elaborating, AP reported. The statement, carried Sunday night on the official Saudi Press Agency, said, "The aborted attempt did not financially affect any of the two companies or their commercial relations." It noted that the two companies continue their business work as normal and they have enhanced protection measures for their systems' information technology. The statement comes after an Indian Express newspaper report last week claimed that Saudi Aramco paid out 1.97 billion rupees ($30.3 million) to fraudsters who faked an email address at the Oil and Natural Gas Corp. The Indian Express report cited Mumbai police officers for its information.