10th annual e-Crime & Cybersecurity Congress in Dubai
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: Evidence-based knowledge about an existing hazard designed to help organizations make inform decisions regarding their response to the threat. 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.
About the Speakers
Chief Executive Officer, LookingGlass Cyber Solutions
Leveling the Playing Field: Reversing The Economics of Cybercrime How do the shifting sands of the cybersecurity landscape translate into business security initiatives that can defend against and mitigate potential cyber threats? Chris Coleman, LookingGlass Chief Executive Officer will share an overview of the current GCC cybersecurity landscape, particularly in the Financial and the Oil/Gas verticals, so you can determine the best security course of action to protect your customers, brand, and employees. He will discuss the economics of cybercrime with a focus on the criminal’s return on investment (ROI). Mr. Coleman will explore how businesses can change the cyber criminal’s ROI to diminish their likelihood of being targeted.