People and small businesses face the stark reality of a rising cybersecurity threat from AI-adept criminals, experts at an event in Dubai have said.
The Gulf in particular is a growing target as the world's wealth flows in, and with it, the crosshairs of hackers intent on ransom and theft. Dubai is this week hosting a World Economic Forum event that serves as a precursor to Davos in January, with the first day placing the spotlight on the growing cyber threat.
Jeremy Jurgens, managing director and head of Centre for Cybersecurity at the World Economic Forum, told The National: “We are continuously under attack, whether as individuals, as institutions, as countries. And in this environment, there is no default where you don't have to think about cybersecurity. You have to continuously consider it in your actions.”
Once limited to the online world, there is a growing intersection where cyber threats meet the physical world.
“We have autonomous vehicles, robotics, critical infrastructure, supply chains. No matter where we are, where we're interacting in the world, we have to think, 'what is my kind of cyber surface that's exposed here'? It's not to scare people or have them avoid the world, it's just to be conscious of the risks that are there.”
There are concerns that quantum computing, which is thought to be some years away but will be far more advanced than current AI tools, could eventually be harnessed for complex crimes.
The UK cybersecurity agency this year urged all organisations to guard their systems against quantum hackers by 2035. Some believe the technology and the threat may arrive earlier.
Palo Alto Networks said the "strongest encryption may fall short against quantum attacks" and that hacks could be carried out in microseconds.
Governments shouldering burden
Michael Daniel, who was cybersecurity adviser to President Barack Obama between 2012 and 2017, and now heads the Cyber Threat Alliance, said complex logins using a password manager and multi-factor authentication can go a long way.
“There are things that you can do individually to reduce your risk,” he told The National.
“A lot of that, though, has to come at the governmental level, at the policy level, to implement policies that actually reduce the cybersecurity burden that we're expecting individuals to shoulder.”
“We will have to develop ways as a society to cope with those technologies,” said Mr Daniel.
“Certainly, quantum computing poses risks to encryption, but we have already started to develop new encryption technologies that will be resistant to that kind of computing.
"And there's other things that you can do that quantum computing will help with, that will help solve problems, that will help with secure communications.”
States harbouring cyber gangs
One of the hardest issues is how to tackle criminal groups that are based in states with weak control over such gangs, or that turn a blind eye. Well-documented examples include cyber slavery operations on the lawless Myanmar-Thailand border, and sophisticated hacking operations in Russia and China.
Most experts agree that tracing stolen money and disrupting financial networks is more effective than going after physical centres.
“If you disrupt some of the financial benefits to them, you can disrupt their infrastructure, you can disrupt the devices that they're using. There are a multiplicity of ways to impose costs on those organisations,” Mr Daniel said.
“Diplomatically, we need to have the international community come together and start putting pressure on those countries that are harbouring cyber criminals and saying, 'you are acting outside the interests of the common good'. We need to put more diplomatic pressure – more economic pressure – on those countries to not harbour those cyber criminals.”
Since the invasion of Ukraine in February 2022, both sides have sought to use hacking to cause disruption. In Ukraine, there is a nationwide campaign to educate the public, particularly teenagers, about the risks, said Oleksandra Marchenko, head of Ukraine's cybersecurity helpline, Nadiyno. The campaign emphasises that each citizen has a personal responsibility to keep the nation safe.
“Technology will always have two possible ways to be used; something bad as well as something good. And it all depends on us and how we educate ourselves on the ethical use of technologies,” she said.
Leslie Nielsen, chief information security officer at cybersecurity company Mimecast, said the global public must get smart about cybersecurity. “The analogy I tell people is, there are no good neighbourhoods on the internet. That's kind of the bottom line. So just assume that when you're out there, that there is a potential,” he said.
“You're being watched. You're being targeted. Make sure you're protecting your personal devices, because your personal device is probably your key in to your bank account and everything else. If something seems too good to be true, it probably is. And think before you click.”
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Terminator: Dark Fate
Director: Tim Miller
Starring: Arnold Schwarzenegger, Linda Hamilton, Mackenzie Davis
Rating: 3/5
Who's who in Yemen conflict
Houthis: Iran-backed rebels who occupy Sanaa and run unrecognised government
Yemeni government: Exiled government in Aden led by eight-member Presidential Leadership Council
Southern Transitional Council: Faction in Yemeni government that seeks autonomy for the south
Habrish 'rebels': Tribal-backed forces feuding with STC over control of oil in government territory
The years Ramadan fell in May
The White Lotus: Season three
Creator: Mike White
Starring: Walton Goggins, Jason Isaacs, Natasha Rothwell
Rating: 4.5/5
Disposing of non-recycleable masks
- Use your ‘black bag’ bin at home
- Do not put them in a recycling bin
- Take them home with you if there is no litter bin
- No need to bag the mask
Family reunited
Nazanin Zaghari-Ratcliffe was born and raised in Tehran and studied English literature before working as a translator in the relief effort for the Japanese International Co-operation Agency in 2003.
She moved to the International Federation of Red Cross and Red Crescent Societies before moving to the World Health Organisation as a communications officer.
She came to the UK in 2007 after securing a scholarship at London Metropolitan University to study a master's in communication management and met her future husband through mutual friends a month later.
The couple were married in August 2009 in Winchester and their daughter was born in June 2014.
She was held in her native country a year later.
U19 WORLD CUP, WEST INDIES
UAE group fixtures (all in St Kitts)
Saturday 15 January: v Canada
Thursday 20 January: v England
Saturday 22 January: v Bangladesh
UAE squad
Alishan Sharafu (captain), Shival Bawa, Jash Giyanani, Sailles Jaishankar, Nilansh Keswani, Aayan Khan, Punya Mehra, Ali Naseer, Ronak Panoly, Dhruv Parashar, Vinayak Raghavan, Soorya Sathish, Aryansh Sharma, Adithya Shetty, Kai Smith
COMPANY%20PROFILE
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MATCH INFO
Syria v Australia
2018 World Cup qualifying: Asia fourth round play-off first leg
Venue: Hang Jebat Stadium (Malacca, Malayisa)
Kick-off: Thursday, 4.30pm (UAE)
Watch: beIN Sports HD
* Second leg in Australia scheduled for October 10
CONFIRMED%20LINE-UP
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UAE currency: the story behind the money in your pockets
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'Saand Ki Aankh'
Produced by: Reliance Entertainment with Chalk and Cheese Films
Director: Tushar Hiranandani
Cast: Taapsee Pannu, Bhumi Pednekar, Prakash Jha, Vineet Singh
Rating: 3.5/5 stars
White hydrogen: Naturally occurring hydrogen
Chromite: Hard, metallic mineral containing iron oxide and chromium oxide
Ultramafic rocks: Dark-coloured rocks rich in magnesium or iron with very low silica content
Ophiolite: A section of the earth’s crust, which is oceanic in nature that has since been uplifted and exposed on land
Olivine: A commonly occurring magnesium iron silicate mineral that derives its name for its olive-green yellow-green colour
Benefits of first-time home buyers' scheme
- Priority access to new homes from participating developers
- Discounts on sales price of off-plan units
- Flexible payment plans from developers
- Mortgages with better interest rates, faster approval times and reduced fees
- DLD registration fee can be paid through banks or credit cards at zero interest rates
U19 World Cup in South Africa
Group A: India, Japan, New Zealand, Sri Lanka
Group B: Australia, England, Nigeria, West Indies
Group C: Bangladesh, Pakistan, Scotland, Zimbabwe
Group D: Afghanistan, Canada, South Africa, UAE
UAE fixtures
Saturday, January 18, v Canada
Wednesday, January 22, v Afghanistan
Saturday, January 25, v South Africa
UAE squad
Aryan Lakra (captain), Vriitya Aravind, Deshan Chethyia, Mohammed Farazuddin, Jonathan Figy, Osama Hassan, Karthik Meiyappan, Rishabh Mukherjee, Ali Naseer, Wasi Shah, Alishan Sharafu, Sanchit Sharma, Kai Smith, Akasha Tahir, Ansh Tandon
UAE'S%20YOUNG%20GUNS
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COMPANY PROFILE
Name: Kumulus Water
Started: 2021
Founders: Iheb Triki and Mohamed Ali Abid
Based: Tunisia
Sector: Water technology
Number of staff: 22
Investment raised: $4 million
The bio
Favourite food: Japanese
Favourite car: Lamborghini
Favourite hobby: Football
Favourite quote: If your dreams don’t scare you, they are not big enough
Favourite country: UAE
Indika
%3Cp%3E%3Cstrong%3EDeveloper%3A%3C%2Fstrong%3E%2011%20Bit%20Studios%3Cbr%3E%3Cstrong%3EPublisher%3A%3C%2Fstrong%3E%20Odd%20Meter%3Cbr%3E%3Cstrong%3EConsole%3A%3C%2Fstrong%3E%20PlayStation%205%2C%20PC%20and%20Xbox%20series%20X%2FS%3Cbr%3E%3Cstrong%3ERating%3A%3C%2Fstrong%3E%204%2F5%3C%2Fp%3E%0A
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%3Cp%3E%3Cstrong%3EDirector%3A%3C%2Fstrong%3E%20Nag%20Ashwin%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EStarring%3A%20%3C%2Fstrong%3EPrabhas%2C%20Saswata%20Chatterjee%2C%20Deepika%20Padukone%2C%20Amitabh%20Bachchan%2C%20Shobhana%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3ERating%3A%20%3C%2Fstrong%3E%E2%98%85%E2%98%85%E2%98%85%E2%98%85%3C%2Fp%3E%0A
MATCH INFO
World Cup qualifier
Thailand 2 (Dangda 26', Panya 51')
UAE 1 (Mabkhout 45 2')
Specs
Engine: Dual-motor all-wheel-drive electric
Range: Up to 610km
Power: 905hp
Torque: 985Nm
Price: From Dh439,000
Available: Now
The%20specs
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The Written World: How Literature Shaped History
Martin Puchner
Granta
Results
Female 49kg: Mayssa Bastos (BRA) bt Thamires Aquino (BRA); points 0-0 (advantage points points 1-0).
Female 55kg: Bianca Basilio (BRA) bt Amal Amjahid (BEL); points 4-2.
Female 62kg: Beatriz Mesquita (BRA) v Ffion Davies (GBR); 10-2.
Female 70kg: Thamara Silva (BRA) bt Alessandra Moss (AUS); submission.
Female 90kg: Gabreili Passanha (BRA) bt Claire-France Thevenon (FRA); submission.
Male 56kg: Hiago George (BRA) bt Carlos Alberto da Silva (BRA); 2-2 (2-0)
Male 62kg: Gabriel de Sousa (BRA) bt Joao Miyao (BRA); 2-2 (2-1)
Male 69kg: Paulo Miyao (BRA) bt Isaac Doederlein (USA); 2-2 (2-2) Ref decision.
Male 77kg: Tommy Langarkar (NOR) by Oliver Lovell (GBR); submission.
Male 85kg: Rudson Mateus Teles (BRA) bt Faisal Al Ketbi (UAE); 2-2 (1-1) Ref decision.
Male 94kg: Kaynan Duarte (BRA) bt Adam Wardzinski (POL); submission.
Male 110kg: Joao Rocha (BRA) bt Yahia Mansoor Al Hammadi (UAE); submission.
UAE currency: the story behind the money in your pockets
Will the pound fall to parity with the dollar?
The idea of pound parity now seems less far-fetched as the risk grows that Britain may split away from the European Union without a deal.
Rupert Harrison, a fund manager at BlackRock, sees the risk of it falling to trade level with the dollar on a no-deal Brexit. The view echoes Morgan Stanley’s recent forecast that the currency can plunge toward $1 (Dh3.67) on such an outcome. That isn’t the majority view yet – a Bloomberg survey this month estimated the pound will slide to $1.10 should the UK exit the bloc without an agreement.
New Prime Minister Boris Johnson has repeatedly said that Britain will leave the EU on the October 31 deadline with or without an agreement, fuelling concern the nation is headed for a disorderly departure and fanning pessimism toward the pound. Sterling has fallen more than 7 per cent in the past three months, the worst performance among major developed-market currencies.
“The pound is at a much lower level now but I still think a no-deal exit would lead to significant volatility and we could be testing parity on a really bad outcome,” said Mr Harrison, who manages more than $10 billion in assets at BlackRock. “We will see this game of chicken continue through August and that’s likely negative for sterling,” he said about the deadlocked Brexit talks.
The pound fell 0.8 per cent to $1.2033 on Friday, its weakest closing level since the 1980s, after a report on the second quarter showed the UK economy shrank for the first time in six years. The data means it is likely the Bank of England will cut interest rates, according to Mizuho Bank.
The BOE said in November that the currency could fall even below $1 in an analysis on possible worst-case Brexit scenarios. Options-based calculations showed around a 6.4 per cent chance of pound-dollar parity in the next one year, markedly higher than 0.2 per cent in early March when prospects of a no-deal outcome were seemingly off the table.
Bloomberg