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UAE Central Bank Establishes Cybersecurity Operations Center

According to Check Point Research, the United Arab Emirates has seen roughly 311 weekly attacks per organization this year alone.

Published

3 years ago

November 7, 2021

David Morelo

uae central bank establishes cybersecurity operations center

Cyber attacks are a growing problem around the world, and the United Arab Emirates has so far experienced on average 40 percent more attacks weekly in 2021 compared to 2020. According to Check Point Research, the country has seen roughly 311 weekly attacks per organization this year alone. To combat the growing number of cyber threats coming from nation states and independent cybercriminal groups alike, the Central Bank of the UAE (CBUAE) has announced the establishment of the CBUAE Networking and Cybersecurity Operations Center.

The main objective of the new Cybersecurity Operations Center will be the protection of the critical infrastructure that enables UAE’s financial sector to operate.

“In line with the CBUAE’s overarching vision, the CBUAE Networking and Cybersecurity Operations Center will strengthen the UAE’s monetary and financial systems,” said Dr. Sabri Hamed Al Azazi, Assistant Governor, Support Services and Operations, and Chief Operating Officer of CBUAE. “As Cybersecurity threats become increasingly sophisticated, it is critical that we have the necessary framework to protect our financial institutions, their infrastructure, processes, and people from these challenges”.

The Cybersecurity Operations Center will be situated in CBUAE’s Abu Dhabi headquarters. Its proximity to the nation’s major financial institutions should bring better collaboration among decision-makers, helping them respond to cybersecurity threats as they emerge.

Also Read: AI-Powered Dark Web Monitoring Solutions Premier At GITEX 2021

The UK technology comparison website Comparitech analyzed the cost of cyber crime in the UAE, the figure it came up with was $746 million a year. As alarming as the number may be, it doesn’t even tell the whole story because cyber crime in the region is still severely underreported by police, government entities, as well as individuals.

Hopefully, the new Cybersecurity Operations Center will help improve the resilience and preparedness of the financial sector so that the UAE can achieve sustainable economic growth.

Related Topics:Cybersecurity United Arab Emirates

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“AI Seal” Certification Now Required For Dubai Gov Partnerships

The new mandatory certification is designed to build trust in AI companies and create a reliable network of providers for government and public collaboration.

Published

16 hours ago

January 21, 2025

Nour Nasir

ai seal certification now required for dubai gov partnerships

Dubai Media Office

Dubai has introduced the Dubai AI Seal, a certification designed to establish trust in artificial intelligence (AI) companies and solutions. This initiative, directed by Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Deputy Prime Minister, aims to create a reliable network of AI providers which government entities and businesses can collaborate confidently.

Companies must now obtain the AI Seal to qualify for UAE or Dubai government contracts. The Dubai Centre for Artificial Intelligence (DCAI), which developed the certification, sees it as a competitive edge for companies looking to participate in key national projects. Once certified, businesses will be permitted to showcase the seal across their websites and marketing materials, signaling their credibility and dependability.

The evaluation process will consider six main criteria: the company’s services and operations, the number of employees specializing in AI, ongoing and future projects, as well as existing partnerships with public and private sector entities.

dubai ai seal certification

Khalfan Belhoul, CEO of the Dubai Future Foundation, which oversees the DCAI, commented on the initiative’s potential: “This initiative will help create powerful partnerships between the public and private sectors, locally, regionally, and globally. It will help drive new economic opportunities by leveraging AI to serve better the economy, society, and the future we aspire to”.

Also Read: Top Free AI Chatbots Available In The Middle East

The Dubai AI Seal’s goals include providing a clear framework for verifying AI providers, fostering business opportunities for AI companies, and acknowledging the industry’s strategic importance to Dubai’s economy. The initiative emphasizes AI’s role in driving economic growth, creating jobs, and strengthening collaboration between government bodies and technology firms.

All technology companies operating in Dubai and offering AI-related services or products are eligible to apply for the certification at no cost through the official website.