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Egypt’s FRA pursues criminal charges and suspends consumer finance firm over data breach

By CityCalc Newsroom · Mon Aug 24 2026 · Source: Daily News Egypt

The Financial Regulatory Authority (FRA) has initiated criminal proceedings, revoked a chief executive’s licence, and imposed a one-month ban on new contracts for a consumer finance company found to have exploited parents’ data to issue unauthorised loans for an inte…

The Financial Regulatory Authority (FRA) has initiated criminal proceedings, revoked a chief executive’s licence, and imposed a one-month ban on new contracts for a consumer finance company found to have exploited parents’ data to issue unauthorised loans for an inte…

Curated by CityCalc from Daily News Egypt. Read the full article at the source.

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