10th annual e-Crime & Cybersecurity Congress in Dubai
20 March 2018
“With the launch of the Dubai Cyber Security Strategy [we want to make] Dubai digitally the safest city in the world," His Highness Sheikh Mohammed Bin Rashid Al Maktoum Vice President and Prime Minister of the United Arab Emirates (UAE) and ruler of the Emirate of Dubai
"Providing a robust platform for collection and sharing of cyber threat intelligence will allow banks to answer the ‘who, what, where, when, why, and how’ questions needed for immediate decisions and actions required,” Abdul Aziz Al Ghurair, chairman of the UAE Banks Federation
GCC organisations have been among the world's most rapid adopters of cybersecurity solutions in the face of the growing threat. One recent research report predicts that the GCC cybersecurity market will reach over $10.4 billion by the end of 2022.
Both public and private sectors continue to innovate. A new cyber security strategy for Dubai has just been launched by the UAE’s Vice President and Prime Minister Dubai’s ruler Sheikh Mohammed bin Rashid Al Maktoum as he also opened the Dubai Electronic Security Centre, which will deal with electronic security threats, cyberattacks and all forms of cybercrime.
These initiatives commit Dubai to focusing on securing the cyber-smart nation, establishing a cyber space that is “free, fair and secure”, continuing to focus on protecting the confidentiality, credibility, availability and privacy of data, improving cyber-resilience and consolidating national and international collaboration. The next phase of the strategy will witness a “number of effective initiatives” that will contribute to providing a secure cyberspace.
In the private sector too companies continue to upgrade their defences. , the UAE Banks Federation has just launched the Middle East's first threat intelligence sharing platform for banks to counter a "sharp uptick" in cyber attack threats in the region. Initially, 13 banks of UBF will share cyber intelligence in a new UBF-ISAC, but later the platform will be extended to other banks and perhaps other sectors.
Continued innovation is required: the UAE is the region's financial hub and a centre for digital transformation. Emcredit, a subsidiary of Dubai Economy, and the UK-based Object Tech Group Ltd are working to create a blockchain-based digital currency, emCash, with merchants receiving payment in real time without going through intermediaries. And billion-dollar e-Commerce website Noon.com has just started operations in the country.
All this digital transformation needs to be cyber-secure and UAE firms are keen for information on the latest techniques and technologies.
The 10th e-Crime Cybersecurity Congress in Dubai will cover these and other key subjects for its audience of private- and public-sector professionals tasked with safeguarding digital assets and sensitive data. There will be real-life case studies, strategic talks and technical break-out sessions from security teams behind some of the world’s most admired brands, who know, just like you, that security is now more important to business than ever before.