UAE Banks Federation organises a workshop to simulate cyber attacks

UAE Banks Federation organises a workshop to simulate cyber attacks

The event raises efficiency and infrastructure security level of the financial sector; Sharing of knowledge and experiences contributes to strengthening the capabilities of the financial sector to face cyber threats

The workshop, which was held under the supervision of the Central Bank of the UAE, aims to enhance the financial sector's readiness against cyberattacks. — Supplied photo

Published: Fri 21 Oct 2022, 4:54 PM

The UAE Banks Federation recently organised the largest simulated cyberattack in the Middle East to support the central bank’s efforts in enhancing cybersecurity through best practices and advanced systems while ensuring the stability and flexibility of the financial system in the country.

The workshop, which was held under the supervision of the Central Bank of the UAE, aims to enhance the financial sector's readiness against cyberattacks, by presenting realistic scenarios that allow participants to know the fraud techniques and methods used by the entities that carry out these attacks and the factors that represent a source of threats.

A number of senior officials and cybersecurity experts from banks and Licensed Financial Institutions (LFIs) participated in the workshop, in addition to representatives from central banks across Gulf Cooperation Council (GCC), Abu Dhabi Digital Authority, Abu Dhabi Police, Dubai Police, and Dubai Centre