DFSA to launch Cyber Threat Intelligence Platform
The Dubai financial Services Authority (DFSA) is launching a Cyber Threat Intelligence Platform (Platform) to assist corporations within the dubai International financial Centre (DIFC)implement applicable safeguards to mitigate against cyber risks. The Platformis aresult of in progress cooperation and collaboration withthe dubai Electronic Security Centre (DESC),the National computer Emergency Response Team (aeCERT) and also the computer Incident Response Center Luxembourg (CIRCL).Leading international experts, includingHelpAG, Kaspersky, palo alto Networks, Cofense, andRecordedFuture are collaborating during this initiative and contributingto the Platform.
The DFSA can host a launch event, wherever the platform is scheduled to travel live, in January 2020.The Platform is the initial regulator-led cyber threat intelligence platform within the region and can be operated and managed in coordination with facilitate AG.The Platform provides cyber threat intelligence, not solely to the DFSA however to the whole DIFC, making a cyber-intelligence community and ecosystem accessible to any or all DIFC businesses despite size or ability with the potential to incorporate the broader businessmen.
Bryan Stirewalt, Chief Executive Officer of DFSA, said, The Platform is meant to strengthen the cyber security surroundings within the DIFC, with AN overarching aim of facilitating businesses in their cyber defences, in a very additional economical and coherent manner. it's reflective of the importance of public-private partnerships in combating non-traditional and non-financial risks like cyber security. several non-financial and non-traditional risks can consider our in operation Business set up for 2020 and beyond
Waleed Al Awadhi, Chief in operation Officer of the DFSA, said: The DFSA takes cyber security seriously and is increasing its specialise in cyber risk.This initiative is an element of a broader DFSA strategy to extend cyber threat awareness and improve cyber resilience within the DIFC, and is aligned along with his Highness sheikh mohammed bin Rashid Al Maktoum, vice president and Prime Minister of the UAE and Ruler of Dubais UAE National Cybersecurity Strategy and also the Dubai Cyber Security Strategy, each of that aim to strengthen the position of Dubai and also the United Arab Emirates as a world leader in innovation, safety, and security.The DFSA conjointly contains a variety of initiatives presently current as well as the adoption of tumultuous technologies like artificial intelligence and Machine Learning.
The DFSA views cyber risk as a problem that impacts all businesses and needs AN open dialogue and cooperation between trade participants. Cyber attacks square measure increasing in frequency and class, and corporations usually have a reactive approach to threats.The information shared on the Platform is meant to help businesses within the DIFC in detection and preventing cyber attacks.
The Platform may be a major milestone in mitigating cyber risk proactively and will profit the broader DIFC community by making an ecosystem for data sharing and enriched cyber threat intelligence to assist sight and mitigate cyber risks.
