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 a giant 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 yr. The occasion has specifically designed simulated cyberattacks to study in regards to the safety of UBF member banks. These video games reveal the safety, dangers, strengths, and gaps in safety. The cybersecurity workouts enhance the procedures that defend 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 very important significance and the position of strengthening the resilience of the monetary infrastructure within the banking sector. The banking sector should have a preparedness to defend in opposition to cyberattacks.
The Cyber Wargaming 2024 occasion will give attention to 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 easy banking operations within the face of speedy developments in the usage of 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 clients with the perfect providers in a dependable banking setting.”
The Director Common added: “Following the nice success of the workouts we organized in October 2022; many entities and establishments have acknowledged the significance of this occasion in figuring out and getting 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 massive turnout at this occasion additionally displays the dedication of member banks and monetary establishments to create a safe setting by occasions and coaching applications carried out by our member banks, which give banking and monetary sector staff with the chance to study in regards to the elements that require additional improvement to boost cyber safety, which is a key pillar in consolidating the UAE’s place as a number one banking and monetary heart within the area.”
The current Threatcasting Occasion centered on bank card dangers
The Cyber Wargaming 2024 occasion will give attention to creating capabilities to guard the digital infrastructure of banking. The emergence of fraud and numerous cyber threats has made such occasions a solution to safe the banking setting. This Cyber Wargaming occasion will unfold much-needed consciousness in regards to the dangers of fraud and one’s want to remain vigilant and defend accounts.
This group of forward-thinking people not too long ago held an occasion referred to as Threatcasting Occasion in collaboration with MasterCard that centered on potential future threats from superior applied sciences resembling quantum computing and AI, in addition to deal successfully with these threats.
Featured Picture Credit score: ExpectBest; Pexels
