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
BoE Consults on Approach to Setting MREL, Publishes Bail-In Guidance
The Bank of England (BoE) published a consultation paper on approach to setting minimum requirement for own funds and eligible liabilities (MREL), an operational guide on executing bail-in, and a statement from the Deputy Governor Dave Ramsden.
EBA Seeks Views on Proportionality Assessment Methodology
The European Banking Authority (EBA) is seeking preliminary input on standardization of the proportionality assessment methodology for credit institutions and investment firms.
US Agencies Propose Changes to Call Reports and Instructions
Certain regulatory authorities in the US are extending period for completion of the review of certain residential mortgage provisions and for publication of notice disclosing the determination of this review until December 20, 2021.
PRA Finalizes Rulebook Definition of Higher Paid Material Risk-Taker
The Prudential Regulation Authority (PRA) published the policy statement PS18/21, which introduces an amendment in the definition of "higher paid material risk taker" in the Remuneration Part of the PRA Rulebook.
EBA Examines Asset Encumbrance in Banking Sector
The European Banking Authority (EBA) published its annual report on asset encumbrance in banking sector.
EBA Publishes Methodological Guide to Mystery Shopping
The European Banking Authority (EBA) published a methodological guide to mystery shopping.
APRA Issues Update on Capital Reform Policy Settings for Banks
The Australian Prudential Regulation Authority (APRA) released a letter to authorized deposit-taking institutions to provide an update on key policy settings for the capital framework reforms, which will come into effect from January 01, 2023.
CPMI-IOSCO Assess Continuity Planning of Market Infrastructures
The Committee on Payments and Market Infrastructures (CPMI) and the International Organization of Securities Commissions (IOSCO) published a report that assesses the business continuity planning activities of financial market infrastructures or FMIs.
BoE Announces Changes to Validation Rules for Form BTL
The Bank of England (BoE) published questions and answers (Q&A) on OSCA to BEEDS migration for statistical reporting as well a presentation from the project overview session held with statistical reporters.
BCBS Proposes Changes to Process for Reviewing G-SIB Methodology
The Basel Committee on Banking Supervision (BCBS) is consulting on a technical amendment to the Basel Framework to reflect a new process reviewing the global systemically important bank (G-SIB) assessment methodology.
