{"id":33614,"date":"2017-12-12T13:12:24","date_gmt":"2017-12-12T13:12:24","guid":{"rendered":"https:\/\/tcit.ae\/ubf\/%d8%ba%d9%8a%d8%b1-%d9%85%d8%b5%d9%86%d9%81\/uae-banks-federations-himaya-cyber-threat-intelligence-collaboration-forum-addresses-cybersecurity-challenges\/"},"modified":"2017-12-12T13:12:24","modified_gmt":"2017-12-12T13:12:24","slug":"uae-banks-federations-himaya-cyber-threat-intelligence-collaboration-forum-addresses-cybersecurity-challenges","status":"publish","type":"post","link":"https:\/\/tcit.ae\/ubf\/ar\/letest-news\/uae-banks-federations-himaya-cyber-threat-intelligence-collaboration-forum-addresses-cybersecurity-challenges\/","title":{"rendered":"UAE Banks Federations HIMAYA Cyber Threat Intelligence Collaboration forum addresses cybersecurity challenges"},"content":{"rendered":"

More than 100 information security and cybersecurity experts attended HIMAYA Cyber Threat Intelligence Collaboration forum, hosted by UAE Banks Federation (UBF), a professional representative body comprising 48 member banks operating in the UAE, in association with Al-Iktissad Wal-Aamal, on Monday, 11th<\/sup>\u00a0December, at Conrad Hotel, Dubai.<\/p>\n

The one-day forum, which brought together industry specialists, as well as financial institutions in UAE and the region, discussed the enormous challenges facing the banking and financial services sector. The participants recognized the importance of cooperation and information sharing to fight the growing menace of cyber threats.<\/p>\n

In his welcome address Mr.\u00a0<\/a>Nasser Sarris General Manager of UAE Banks Federation\u00a0said the country\u2019s banking sector has been largely successful in warding off major cyberattacks despite increasing incidents.<\/p>\n

Cybercriminals<\/em>\u00a0are posing an increasing\u00a0threat<\/em>\u00a0to all businesses alike around the globe. It should come as no surprise that the\u00a0financial industry<\/em>\u00a0is a top target for attackers; with the entry of new players and technologies like fintech and blockchain, the financial services sector has become a magnet for hackers and fraudsters. \u00a0While there are many reasons why the industry continues to face threats despite counter efforts, adoption of new technologies without proper security mechanism in place, unencrypted data and third-party services continue to be cited as key contributors to the vulnerability of financial institutions to cybercrimes. Mr. Nasser Sarris, General Manager of UAE Banks Federation, said.<\/p>\n

UBF has put all possible efforts against cyber threats considering it as a top priority, and UBF initiative launched this year of cyber threat intelligence sharing platform is a step forward to protect the cyber space of banks he added.<\/p>\n

William Carter, Deputy Director and Fellow, Technology Policy Program, Center for Strategic & International Studies, Washington, D.C., the United States, delivered the keynote address themed \u2018Forces Shaping the Cyber Threat Landscape for Financial Institutions. Mr. Carter said while the emergence of new technologies promises to transform the sector, it also brings new security challenges that banks will need to prepare for. He urged banks to make proactive investments in cybersecurity, and to incorporate cybersecurity into the design of new products and services from the outset.<\/p>\n

The panel, titled Key Aspects of UBF Information Sharing Platform and moderated by Talat Hafiz, Secretary General of the Media & Banking Awareness Committee, a subcommittee of the Banks\u2019 Chairmen Committee of Saudi Banks, hailed UBF\u2019s initiative to create a platform to defend the banks in UAE from cyber threats.<\/p>\n

The panels speakers Rinaldo R Oliveira, Vice Chairman of Information Security Committee, UAE Banks Federation; John Salomon, Regional Director EMEA, FS-ISAC, and Hugh Njemanze, CEO, Anomali, assessed how the Middle Easts first Information Sharing and Analysis Center (ISAC) was helping financial institutions to reduce cyber risks and make more informed decisions and investment strategies while protecting their business and operational environments.<\/p>\n

The UBF-ISAC helps to order and interpret the ever-growing amount of threat data available to organizations from internal and third-party sources. Launched in September, the platform currently enables cybersecurity intelligence among 13 founding UBF member banks.<\/p>\n

Thabet Bakheet, Head of Information Security, Central Bank of UAE, Pak-Wai Fok, Head of Threat Intelligence, Standard Chartered Bank, were speakers on another panel titled \u2018The Role of Regulations & Legislations in Enhancing Cyber Security in the Banking Industry\u2019 that was moderated by Hiba Fayad, Chief Information Officer, Al-Iktissad Wal-Aamal Co.. The panel stressed that regulatory reforms were imperative to deal with cyber threat landscape that is constantly evolving to introduce new tactics and tools to ridicule incumbent defense mechanisms.<\/p>\n

The forum also featured a number of internationally-acclaimed speakers, including Eddie Schwartz, Executive Vice President of Cyber Services, Dark Matter Haidar Pasha
\nDirector for Security Strategy covering Emerging Markets, Symantec; Jakob S. Fonsbol
\nBusiness Development Manager, CSIS; Stuart Davis, Director of Global Services & Intelligence EMEA, FireEye and Matthieu Suiche, Founder, Comea Technologies.<\/p>\n

The event concluded by closing remarks by Patrice Favre, Chairman of Information Security, UAE Banks Federation, who highlighted the significance of industry events like HIMAYA forum that enable banks and financial services institutions to keep up with the pace of growing challenges.<\/p>\n

About UAE Banks Federation<\/strong>
\nEstablished in 1982, the UAE Banks Federation is a professional representative body comprising 48 member banks operating in the UAE. The Federation advocates all banks’ interests, and enhances cooperation and coordination among them, in order to promote and upgrade the UAE’s banking industry for the benefit of the banking sector, its customers, and the national economy.
\nThe UAE Banks Federation’s mission and objectives are focused on developing and representing the interests of the member banks and defending their rights. The federation plays a major role in raising public awareness around the beneficial role and distinctive financial, economic and social contribution of the banks to the UAE.<\/p>\n

The Federation has an Advisory Council consisting of 28 Bank CEOs which oversees the implementation of the policies, follows up on UBF’s activities and makes necessary decisions, and 19 specialized technical committees who discuss all relevant banking issues.<\/p>\n

Media contact:<\/strong>
\nUAE Banks Federation
\nEmad Al Ghadban
\nHead – Public Relations\u00a0& Communications
\nPhone: +971 2446 7706
\nE-mail:\u00a0emad@uaebf.ae<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

More than 100 information security and cybersecurity experts attended HIMAYA Cyber Threat Intelligence Collaboration forum, hosted by UAE Banks Federation (UBF), a professional representative body comprising 48 member banks operating in the UAE, in association with Al-Iktissad Wal-Aamal, on Monday, 11th\u00a0December, at Conrad Hotel, Dubai. The one-day forum, which brought together industry specialists, as well …<\/p>\n

UAE Banks Federations HIMAYA Cyber Threat Intelligence Collaboration forum addresses cybersecurity challenges<\/span> \u0642\u0631\u0627\u0621\u0629 \u0627\u0644\u0645\u0632\u064a\u062f »<\/a><\/p>\n","protected":false},"author":1,"featured_media":31874,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"default","ast-global-header-display":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"default","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","footnotes":""},"categories":[96,85],"tags":[],"_links":{"self":[{"href":"https:\/\/tcit.ae\/ubf\/ar\/wp-json\/wp\/v2\/posts\/33614"}],"collection":[{"href":"https:\/\/tcit.ae\/ubf\/ar\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/tcit.ae\/ubf\/ar\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/tcit.ae\/ubf\/ar\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/tcit.ae\/ubf\/ar\/wp-json\/wp\/v2\/comments?post=33614"}],"version-history":[{"count":0,"href":"https:\/\/tcit.ae\/ubf\/ar\/wp-json\/wp\/v2\/posts\/33614\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/tcit.ae\/ubf\/ar\/wp-json\/wp\/v2\/media\/31874"}],"wp:attachment":[{"href":"https:\/\/tcit.ae\/ubf\/ar\/wp-json\/wp\/v2\/media?parent=33614"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/tcit.ae\/ubf\/ar\/wp-json\/wp\/v2\/categories?post=33614"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/tcit.ae\/ubf\/ar\/wp-json\/wp\/v2\/tags?post=33614"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}