2023-10-18 14:31:00
Wednesday, October 18, 2023 – 6:31 PM
DUBAI, 18th October, 2018 (WAM) – The Dubai Financial Services Authority today announced that its platform for exchanging information related to cyber threats has achieved an important milestone, represented by issuing more than 6.2 million breach indicators to users since its launch in 2020.
On the occasion of the third anniversary of the launch of the platform, and coinciding with the holding of the GITEX Global Exhibition, which is considered one of the largest technology events in the world, the Authority issued the first report on its platform under the title “Information Platform Related to Cyber Threats: The Initiative’s Direction and Impact.”
Through this report, the Dubai Financial Services Authority aims to encourage and enhance the exchange of information related to cyber threats within the DIFC community, to further strengthen the centre’s cybersecurity framework.
The platform, which was launched in cooperation with the Dubai Cyber Security Center, the National Computer Emergency Response Team in the UAE, the Computer Incident Response Center in Luxembourg, and Help AG, is a platform managed and funded by the Dubai Financial Services Authority for the purposes of enhancing cyber resilience in the Center’s companies. Dubai International Financial, and is in line with the objectives of the UAE National Cybersecurity Strategy and the Dubai Cybersecurity Strategy, which seek to place the United Arab Emirates and the Emirate of Dubai at the forefront of innovation, safety and security.
As the first regulator-led cyber threat information exchange in the Middle East, the platform played a crucial role in protecting and enhancing the cybersecurity landscape in the DIFC.
Participation in the platform is optional and free of charge for all companies operating in the Dubai International Financial Center. As of July 2023, more than 250 companies and international groups have joined the platform to share information, with a growth rate of 53% since 2020.
The platform is physically located at the Dubai Financial Services Authority’s headquarters in the Dubai International Financial Centre, and uses an open source software solution known as the Malware Information Exchange Platform (MISP).
In this regard, Waleed Saeed Al Awadhi, Chief Operating Officer at the Dubai Financial Services Authority, said: “Through the information platform related to cyber threats, we aim to enhance cyber resilience in the DIFC and the financial sector in Dubai and the UAE, and by exchanging knowledge and experiences within an environment Reliable, we continue to innovate and raise our readiness to confront potential cyber threats.”
He added: “The Dubai Financial Services Authority bears the responsibility and costs of the platform in a way that benefits all participating entities, and while this step is considered unprecedented by a regulatory body, we recognize the important role in leading and encouraging companies of all sizes and abilities to join and participate in order to support safe and sound operation.” for the entire financial system.
He added, “By publishing this report, which is the first in a series of regular reports, we reiterate our call to current participants and parties not yet participating in the platform to join and work together to enhance cyber resilience in the DIFC, Dubai and the UAE.”
Assem Al-Kholy/George Ibrahim
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