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Riyadh Is Hosting The Ultimate Hack Fest At Black Hat MEA

Tickets are now available for the most eagerly awaited cybersecurity event in the Middle East, which takes place in Riyadh from 15-17th November 2022.

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riyadh is hosting the ultimate hack fest at black hat mea
Black Hat MEA

The Saudi Arabian capital of Riyadh will be home to the most respected information security event in the world this November, as Black Hat opens its doors to InfoSec heavyweights, as well as offering speaking sessions and 23 training programs to excited visitors.

The 3-day event will take place between the 15th and 17th of November and will host 250 exhibitors and over 200 speakers, with tech experts from Cisco, IBM, Spire and Infoblox all attending.

The event results from a partnership between the Saudi Federation of Cybersecurity, Programming and Drones (SAFCSP), and events company Informa Markets. It will highlight the Kingdom’s growth in cybersecurity and modern digital technology.

“Black Hat MEA is a powerful indicator of our intentions within the cybersecurity space. This partnership will spark innovation, supercharge our capacity building and develop investment opportunities which we are excited to share with the world in November,” says Faisal Al-Khamisi, Chairman, SAFCSP.

So what can event goers expect from Black Hat Riyadh?

  • Speakers: An exciting line-up of world-renowned experts from leading companies, including CISOs of Equifax, Boom Supersonic and Lufthansa, SolarWinds and more. The event will also welcome David Colombo, the teen tech genius who hacked Tesla cars.
  • Training: 23 training sessions specially developed for the event by 30 Black Hat-approved trainers will take place in a hands-on environment. Training partners include Offensive Security, we45, Orange Cyberdefense and Madiant.
  • Executive Summit: An exclusive conference featuring over 200 leaders in information security, including senior decision-makers in charge of implementing security strategies.
  • Arsenal: A developer space where the latest open-source software, tools and products will be showcased, along with hands-on experience from owners and experts.
  • Briefings: InfoSec gurus will present research on the latest industry trends, hacking tools and security vulnerabilities.
  • Capture The Flag: A jeopardy-style hacking tournament will take place, with over 1,000 participants joining the game to enhance their hacking skills at various difficulty levels for a piece of the SAR 700,000 prize fund.

Other competitions at Black Hat MEA include the Bug Bounty Cup, with a prize fund of SAR 300,000, and a startup competition featuring judges, angel investors and government stakeholders for a cash prize of SAR 90,000. The event looks set to be an exciting addition to the region’s expo calendar, so head over to the Black Hat site and get your tickets early!

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Binance Receives Virtual Assets License To Operate In Dubai

As its user base nears 200 million, CEO Richard Teng believes crypto adoption will soar over the next half of the decade.

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binance receives virtual assets license to operate in dubai

Global crypto exchange Binance has been granted a full operational license in Dubai, in a move that’s expected to accelerate digital asset adoption and strengthen the UAE’s regulatory landscape.

The virtual asset service provider license (VASP) was granted by the Dubai Virtual Assets Regulatory Authority (VARA) and will allow Binance to extend its current range of services to retail investors, the company announced yesterday.

The move by Dubai authorities will be critical to Binance’s strategy of growing its user base globally. The crypto exchange expects to pass the 200 million user mark “quite shortly”, according to Richard Teng, the company’s CEO.

Once that milestone is achieved, Binance will have around twice as many users as rival platform Coinbase. Meanwhile, Crypto.com, another popular exchange with 80 million users, received a Dubai VASP license last week.

“We’re seeing much greater institutional adoption and institutional money coming into this space [along with] much greater regulatory clarity and a lot more jurisdictions approving [digital asset] products that bring in new investor classes,” Binance’s Richard Tang explained, adding: “As of now, we stand at about 5% crypto adoption globally, but that will become much faster moving forward”.

Also Read: Microsoft Invests $1.5 Billion In Abu Dhabi AI Tech Firm G42

Dubai and the UAE are extremely supportive of technologies like digital assets, and have already launched initiatives to boost adoption. The UAE has ambitious plans to become a world leader in the crypto economy of the future, with Dubai in particular being noteworthy for passing a new law to regulate virtual assets to support investors and exchanges.

“Global crypto regulation is currently showing diverging signs. Some developed countries have long suffered from crypto-related frauds and illegal exchanges. On the other hand, emerging nations like the UAE and Singapore have enacted crypto laws at faced pace,” said Vijay Valecha, chief investment officer of Dubai-based Century Financial.

As the UAE gears up to become one of the fastest-growing crypto capitals worldwide, investors and talent are flocking to places like Dubai. During 2023, the Emirates as a whole realized $204 million in capital gains from cryptocurrency investments, according to blockchain data analysts Chainalysis.

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