Dubai FSA to Launch Cyber Threat Intelligence Platform
Dubai FSA is launching a Cyber Threat Intelligence platform to help firms in the Dubai International Financial Centre (DIFC) to implement appropriate safeguards to mitigate cyber risks. The platform is the first regulator-led cyber threat intelligence platform in the region and will be operated and managed in coordination with Help AG. The information shared on the platform is intended to assist businesses in the DIFC to detect and prevent cyber-attacks. Dubai FSA will host a launch event, during which the platform is scheduled to go live, in January 2020.
The platform is a major milestone in proactive mitigation of cyber risk and will benefit the broader DIFC community by creating an ecosystem for information-sharing and enriched cyber threat intelligence to help detect and mitigate cyber risks. The platform provides cyber threat intelligence, not only to Dubai FSA but to the entire DIFC, creating a cyber-intelligence community and ecosystem accessible to all DIFC businesses, regardless of size or ability, with the potential to include the wider business community. The platform is a result of ongoing cooperation and collaboration with the Dubai Electronic Security Centre, the National Computer Emergency Response Team, and the Computer Incident Response Center Luxembourg. Leading international experts, including Kaspersky, Palo Alto Networks, Cofense, and Recorded Future are also participating in this initiative and contributing to the platform.
Related Link: Press Release
Keywords: Middle East and Africa, Dubai, Banking, Cyber Risk, Cyber Threat Intelligence Platform, Dubai FSA
Previous Article
DNB Publishes Version 1.3 of AnaCredit Reporting DocumentationRelated Articles
BIS and Central Banks Experiment with GenAI to Assess Climate Risks
A recent report from the Bank for International Settlements (BIS) Innovation Hub details Project Gaia, a collaboration between the BIS Innovation Hub Eurosystem Center and certain central banks in Europe
Nearly 25% G-SIBs Commit to Adopting TNFD Nature-Related Disclosures
Nature-related risks are increasing in severity and frequency, affecting businesses, capital providers, financial systems, and economies.
Singapore to Mandate Climate Disclosures from FY2025
Singapore recently took a significant step toward turning climate ambition into action, with the introduction of mandatory climate-related disclosures for listed and large non-listed companies
SEC Finalizes Climate-Related Disclosures Rule
The U.S. Securities and Exchange Commission (SEC) has finalized the long-awaited rule that mandates climate-related disclosures for domestic and foreign publicly listed companies in the U.S.
EBA Proposes Standards Related to Standardized Credit Risk Approach
The European Banking Authority (EBA) has been taking significant steps toward implementing the Basel III framework and strengthening the regulatory framework for credit institutions in the EU
US Regulators Release Stress Test Scenarios for Banks
The U.S. regulators recently released baseline and severely adverse scenarios, along with other details, for stress testing the banks in 2024. The relevant U.S. banking regulators are the Federal Reserve Bank (FED), the Federal Deposit Insurance Corporation (FDIC), and the Office of the Comptroller of the Currency (OCC).
Asian Governments Aim for Interoperability in AI Governance Frameworks
The regulatory landscape for artificial intelligence (AI), including the generative kind, is evolving rapidly, with governments and regulators aiming to address the challenges and opportunities presented by this transformative technology.
EBA Proposes Operational Risk Standards Under Final Basel III Package
The European Union (EU) has been working on the final elements of Basel III standards, with endorsement of the Banking Package and the publication of the European Banking Authority (EBA) roadmap on Basel III implementation in December 2023.
EFRAG Proposes XBRL Taxonomy and Standard for Listed SMEs Under ESRS
The European Financial Reporting Advisory Group (EFRAG), which plays a crucial role in shaping corporate reporting standards in European Union (EU), is seeking comments, until May 21, 2024, on the Exposure Draft ESRS for listed SMEs.
ECB to Expand Climate Change Work in 2024-2025
Banking regulators worldwide are increasingly focusing on addressing, monitoring, and supervising the institutions' exposure to climate and environmental risks.