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
EBA Proposes Standards for IRRBB Reporting Under Basel Framework
The European Banking Authority (EBA) proposed implementing technical standards on the interest rate risk in the banking book (IRRBB) reporting requirements, with the comment period ending on May 02, 2023.
FED Issues Further Details on Pilot Climate Scenario Analysis Exercise
The U.S. Federal Reserve Board (FED) set out details of the pilot climate scenario analysis exercise to be conducted among the six largest U.S. bank holding companies.
US Agencies Issue Several Regulatory and Reporting Updates
The Board of Governors of the Federal Reserve System (FED) adopted the final rule on Adjustable Interest Rate (LIBOR) Act.
ECB Issues Multiple Reports and Regulatory Updates for Banks
The European Central Bank (ECB) published an updated list of supervised entities, a report on the supervision of less significant institutions (LSIs), a statement on macro-prudential policy.
HKMA Keeps List of D-SIBs Unchanged, Makes Other Announcements
The Hong Kong Monetary Authority (HKMA) published a circular on the prudential treatment of crypto-asset exposures, an update on the status of transition to new interest rate benchmarks.
EU Issues FAQs on Taxonomy Regulation, Rules Under CRD, FICOD and SFDR
The European Commission (EC) adopted the standards addressing supervisory reporting of risk concentrations and intra-group transactions, benchmarking of internal approaches, and authorization of credit institutions.
CBIRC Revises Measures on Corporate Governance Supervision
The China Banking and Insurance Regulatory Commission (CBIRC) issued rules to manage the risk of off-balance sheet business of commercial banks and rules on corporate governance of financial institutions.
HKMA Publications Address Sustainability Issues in Financial Sector
The Hong Kong Monetary Authority (HKMA) made announcements to address sustainability issues in the financial sector.
EBA Updates Address Basel and NPL Requirements for Banks
The European Banking Authority (EBA) published regulatory standards on identification of a group of connected clients (GCC) as well as updated the lists of identified financial conglomerates.
ESMA Publishes 2022 ESEF XBRL Taxonomy and Conformance Suite
The General Board of the European Systemic Risk Board (ESRB), at its December meeting, issued an updated risk assessment via the quarterly risk dashboard and held discussions on key policy priorities to address the systemic risks in the European Union.
