“Any enterprise that is as successful, vibrant and connected like Dubai [is a target] … The higher the profile, the more sophisticated the attacks," Tom Ridge, former US secretary of homeland security.
“Cyber security should not be an afterthought for an organisation’s IT department. It should be at the heart of the thought itself," Osman Sultan, chief executive, du
Dubai, in common with the rest of the world, is experiencing increasing levels of cybercrime. In the first half of 2016, Dubai Police recorded 1,072 potential attacks including one in which the Cyber Crimes division restored a UAE resident’s Dh800,000 after the money had been illegally transferred to a European country through an online hack. Lt Col Saeed Al Hajri, Director of the Cyber Investigation Department at Dubai Police, revealed that police had managed to contact the bank and freeze the account before the hacker transferred it elsewhere.
This success, while heartening, is only one side of Dubai’s cyber-story. Ransomware is an increasing threat to consumers and businesses. Large-scale DDoS attacks have the power to cripple critical national infrastructure. And the sheer acceleration in cyber-attacks threatens to overtake the responses of companies and governments. Dubai’s drive to become a Smart City complicates the picture further.
According to Osman Sultan, chief executive of telecom’s giant du, "The number of cyber security incidents in 2009 was a bit over five million. In 2015, it was over 60 million. This is a growth of more than 1,000 per cent in six years. We are in the midst of an incredible transformation, one that became so rapidly disruptive and global, more than any transformation in the history of mankind and that is changing everything we do in our lives.”
So companies need to understand the nature of the threats they face and the solutions to those threats. And with limited resources and a potentially infinite set of threats, CISOs need help picking the right priorities. The industrialization of cyber-crime, fraud and theft by attackers who are coming to resemble corporations themselves adds to this task.
The 9th e-Crime Information Security Dubai will cover these and other key subjects for its audience of private sector professionals tasked with safeguarding digital assets and sensitive data. There will be real-life case studies, strategic talks and technical break-out sessions from security teams behind some of the world’s most admired brands, who know, just like you, that security is now more important to business than ever before.