It’s known 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 an enormous 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 be taught 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 numerous data, strategies, 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 function 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 growing capabilities to guard the digital infrastructure of banking.
Mr. Jamal Saleh, Director Common of UBF, mentioned: “At UBF, we proceed our efforts to make sure protected and clean banking operations within the face of fast developments in using 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 data 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 companies in a dependable banking atmosphere.”
The Director Common added: “Following the good success of the workouts we organized in October 2022; many entities and establishments have acknowledged the significance of this occasion in figuring out and making 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 programs. The big turnout at this occasion additionally displays the dedication of member banks and monetary establishments to create a safe atmosphere via occasions and coaching packages carried out by our member banks, which give banking and monetary sector workers with the chance to be taught in regards to the points that require additional growth to reinforce 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 targeted on bank card dangers
The Cyber Wargaming 2024 occasion will give attention to growing capabilities to guard the digital infrastructure of banking. The emergence of fraud and numerous cyber threats has made such occasions a method to safe the banking atmosphere. 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 lately held an occasion known as Threatcasting Occasion in collaboration with MasterCard that targeted on potential future threats from superior applied sciences akin to quantum computing and AI, in addition to deal successfully with these threats.
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