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
PBC Fintech Committee Outlines Work Plans for 2020Related Articles
HKMA Enhances Loan Guarantee Scheme to Alleviate Pressure on SMEs
HKMA announced that enhancements will be made to the Special 100% Loan Guarantee of the SME Financing Guarantee Scheme (SFGS) and the application period will be extended to December 31, 2021.
EBA Proposes Standards for Supervisory Cooperation Under IFD
EBA launched consultations on the regulatory and implementing technical standards on cooperation and information exchange between competent authorities involved in prudential supervision of investment firms.
BoE Sets Out Plan to Transform Data Collection from Financial Sector
BoE has set out a three-phased plan to transform data collection from the UK financial sector over the next decade.
BIS Issues Updates on Technology Initiatives on Cross-Border Payments
BIS recently made a couple of announcements with respect to the planned and ongoing work in the area of financial technology.
ESRB Updates List of Macro-Prudential Measures in February 2021
ESRB updated the list of national macro-prudential measures applied by each member state in the European Economic Area.
BoE Survey Shows Positive COVID Impact on Outsourced Banking Services
BoE has set out results of a survey on the impact of COVID-19 events on the use of machine learning and data science.
ECB Issues Opinion on Proposal to Regulate Crypto-Asset Markets in EU
In response to a request from the European Council and Parliament, ECB published an opinion on the proposed regulation on markets in crypto-assets.
APRA Announces Aggregate Committed Liquidity Facility for Banks
APRA announced the updated aggregate amounts for the 2021 Committed Liquidity Facility (CLF) established between the Reserve Bank of Australia (RBA) and certain locally incorporated authorized deposit-taking institutions that are subject to the Liquidity Coverage Ratio (LCR).
ECB and UK Authorities Agree on Post-Brexit Supervisory Cooperation
ECB published supervisory Memorandums of Understanding (MoUs) with UK as well as other European and non-European authorities.
EIOPA Outlines Strategic Supervisory Priorities for Insurance Sector
EIOPA identified business model sustainability and adequate product design as the two EU-wide strategic supervisory priorities.
