It’s referred to as “Cyber Wargaming 2024,” and it’s being carried out underneath the supervision of the Central Financial institution of the UAE and the UAE Authorities’s Cyber Safety Council. Cyber Wargaming was an enormous success for the second video games in 2022 within the Center East — the UAE Banks Federation (UBF) organized the third version of Cyber Wargaming this 12 months. The occasion has specifically designed simulated cyberattacks to be taught concerning the safety of UBF member banks. These video games reveal the safety, dangers, strengths, and gaps in safety. The cybersecurity workout routines enhance the procedures that shield the banks together with the various data, methods, and strategies used to guard the banks.
Abdulla Matar Al Muhairi, Head of the Banking Supervision Division on the Central Financial institution of the UAE, spoke of the important significance and the position of strengthening the resilience of the monetary infrastructure within the banking sector. The banking sector will need to have a preparedness to defend in opposition to cyberattacks.
The Cyber Wargaming 2024 occasion will concentrate on creating capabilities to guard the digital infrastructure of banking.
Mr. Jamal Saleh, Director Common of UBF, stated: “At UBF, we proceed our efforts to make sure secure and clean banking operations within the face of speedy developments in using superior applied sciences within the banking and monetary sector. The group of those cyber safety workshops confirms our dedication to prioritize the safety of the banking system and knowledge safety. We do that underneath the direct supervision of the Central Financial institution of the UAE, which is eager to develop the mandatory regulatory frameworks and applied sciences to maintain up with the most recent developments and supply prospects with the perfect companies in a dependable banking atmosphere.”
The Director Common added: “Following the nice success of the workout routines we organized in October 2022; many entities and establishments have acknowledged the significance of this occasion in figuring out and making ready banking cadres for potential cyberattacks and threats and to be ready within the face of the acceleration of digital transformation within the monetary sector by the event of digital safety methods. The big turnout at this occasion additionally displays the dedication of member banks and monetary establishments to create a safe atmosphere by way of occasions and coaching packages carried out by our member banks, which offer banking and monetary sector workers with the chance to be taught concerning the elements that require additional growth to boost cyber safety, which is a key pillar in consolidating the UAE’s place as a number one banking and monetary middle within the area.”
The current Threatcasting Occasion targeted on bank card dangers
The Cyber Wargaming 2024 occasion will concentrate on creating capabilities to guard the digital infrastructure of banking. The emergence of fraud and numerous cyber threats has made such occasions a option to safe the banking atmosphere. This Cyber Wargaming occasion will unfold much-needed consciousness concerning the dangers of fraud and one’s want to remain vigilant and shield accounts.
This group of forward-thinking people just lately held an occasion referred to as Threatcasting Occasion in collaboration with MasterCard that targeted on potential future threats from superior applied sciences comparable to quantum computing and AI, in addition to the best way to deal successfully with these threats.
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