Classifieds | Archives | Jobs | About TGT | Contact | Subscribe
Last updated 0 minute ago
Printer Friendly Version | TGT@Twitter | RSS Feed |
ISAC to guard banks from cyber attacks
September 15, 2017
 Print    Send to Friend

DUBAI: As part of nationwide efforts to ensure full protection for the country’s critical infrastructure against cyber threats, the UAE Banks Federation (UBF), on Thursday launched its first Information Sharing and Analysis Centre, ISAC, powered by Anomali, provider of market-leading threat intelligence platforms.

It will initially bring together 13 banks’ cyber security data in Anomali’s ThreatStream platform. This will aggregate, correlate, and analyse threat data from multiple sources in real-time to support defensive actions. Founding members include HSBC, CBD, ADCB, Barclays, CBI, Citibank, ENBD, FAB, Mashreq, Noorbank, SCB, ADIB, and NBF. Professional body UBF and the ISAC are set to grow in a phased approach to encompass all of UBF’s member banks.

“We are proud to bring the 2017 Cyber Threat Intelligence Initiative into implementation; our partnership with Anomali to build this platform will allow banks to get quipped with the tools and intelligence to better identify, protect, detect and respond to cyber-attacks. It will help to establish the importance and value of seamlessly collecting, sharing and analysing data, while allowing for anonymous reporting. Together, we can then reduce sensitive data exposure and make more informed decisions and investment strategies,” said Abdul Aziz Al Ghurair, Chairman of UBF.

At a press conference marking the launch, Al Ghurair further clarified that commencing with a membership of 13 banks for the platform, UBF expects this number will grow to include all 48 banks in the UAE, members of the Dubai International Financial Centre as well as the Abu Dhabi Global Market, and then on to other financial institutions that wish to join and perhaps much later, look at the possibility to partner with others in the region.

The new UBF-ISAC lays the foundations for a fruitful relationship, and aims to enhance the understanding of threat intelligence, showcase the value of collaboration, and provide ongoing training.

The ISAC is powered by Anomali’s ThreatStream platform, which helps to order and interpret the ever growing amount of threat data available to organisations from internal and third-party sources.


Add this page to your favorite Social Bookmarking websites
Post a comment
Related Stories
Record $76.5 billion aircraft sold in a day
DUBAI: The penultimate day of the Dubai Airshow saw two enormous aircraft purchase orders worth $76.5b for both Airbus and Boeing, in one of the most exciting days in rec..
UAE an established platform for progress, says VP
DUBAI: Vice President and Prime Minister of the UAE and Ruler of Dubai His Highness Sheikh Mohammed Bin Rashid Al Maktoum has asserted that the United Arab Emirates has b..
VP attends Global Business Forum
DUBAI: The UAE Vice President and Prime Minister and Ruler of Dubai, His Highness Sheikh Mohammed Bin Rashid Al Maktoum, on Wednesday attended the launch of the Global Bu..
Dubai launches Dhs12b project
DUBAI: A Dhs12 billion-project patterned after French Riviera has been launched in Mohammad Bin Rashid Al Maktoum City in Dubai. Launched by the Dubai-based Azizi Dev..
VP tours Arabian Travel Market
DUBAI: His Highness Sheikh Mohammed Bin Rashid Al Maktoum, Vice-President and Prime Minister of UAE and Ruler of Dubai, on Monday officially inaugurated the 24th edition ..
Advertise | Copyright