Artificial intelligence will be one of the main focus areas of a security conference that kicks off in Abu Dhabi on Tuesday.
The third RSA conference, which will feature former MI5 director general Dame Stella Rimington, will gather around 1,000 information security professionals to discuss digital transformation, big data and smart city initiatives as the UAE becomes one of the most connected countries in the world.
"Such conferences support the Telecommunications Regulatory Authority's (TRA) vision of the UAE as a global leader in information and communications technology as well as the leadership directives in transitioning to the knowledge-based and information economy," said Hamad Al Mansoori, the authority's director general. "They also enhance a smart lifestyle in the country, in preparation for realising the UAE vision 2021."
He said cyber-security has always been a main topic of interest. "We support events that discuss security in the cyber world which [tackle] real topics that directly relate to modern trends to achieve the best response for ICT in humanity's service."
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Read more:
Smart cities open door to cyber-attacks, say security experts
Staff are biggest cyber attack threat to organisations: security officials
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Regional organisations are prioritising security, moving away from a reactive approach. "A lot of companies realise they need to be able to address cyber in a proactive manner to ensure any kind of transformation and vision," said Megha Kumar, research director and association partner for RSA. "The UAE has been ahead of a lot of other countries in the Middle East in terms of establishing a national electronic security authority."
Saudi Arabia recently announced plans to establish a cyber-security authority. "This highlights as to how critical security is becoming," she said. "Many organisations and governments are looking at how they can use AI for fraud detection and network monitoring, next generation firewalls, and blockchain in terms of the trust aspect for transactions. This will be very critical moving forward, especially as the nation moves into smart cities, [which require] end points in transportation, healthcare, the smart grid and utilities to be secure."
The UAE is expected to spend more than 400 million dollars in security solutions by the end of the year. It is projected to grow by seven per cent annually by 2021.
Across the Middle East, the cyber-security market is also expected to grow from 11.38 billion dollars to more than 22 billion dollars by 2021. “It’s definitely an area of growth,” said Linda Martin, general manager at RSA Conferences. “The UAE’s [connectivity] attracts cyber-criminals as it is a hotbed.”
COMPANY PROFILE
Initial investment: Undisclosed
Investment stage: Series A
Investors: Core42
Current number of staff: 47
Notable cricketers and political careers
- India: Kirti Azad, Navjot Sidhu and Gautam Gambhir (rumoured)
- Pakistan: Imran Khan and Shahid Afridi (rumoured)
- Sri Lanka: Arjuna Ranatunga, Sanath Jayasuriya, Tillakaratne Dilshan (rumoured)
- Bangladesh (Mashrafe Mortaza)
Killing of Qassem Suleimani
Company%20profile
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How will Gen Alpha invest?
Mark Chahwan, co-founder and chief executive of robo-advisory firm Sarwa, forecasts that Generation Alpha (born between 2010 and 2024) will start investing in their teenage years and therefore benefit from compound interest.
“Technology and education should be the main drivers to make this happen, whether it’s investing in a few clicks or their schools/parents stepping up their personal finance education skills,” he adds.
Mr Chahwan says younger generations have a higher capacity to take on risk, but for some their appetite can be more cautious because they are investing for the first time. “Schools still do not teach personal finance and stock market investing, so a lot of the learning journey can feel daunting and intimidating,” he says.
He advises millennials to not always start with an aggressive portfolio even if they can afford to take risks. “We always advise to work your way up to your risk capacity, that way you experience volatility and get used to it. Given the higher risk capacity for the younger generations, stocks are a favourite,” says Mr Chahwan.
Highlighting the role technology has played in encouraging millennials and Gen Z to invest, he says: “They were often excluded, but with lower account minimums ... a customer with $1,000 [Dh3,672] in their account has their money working for them just as hard as the portfolio of a high get-worth individual.”
Results
6.30pm: Madjani Stakes Group 2 (PA) Dh97,500 (Dirt) 1,900m, Winner: RB Frynchh Dude, Pat Cosgrave (jockey), Helal Al Alawi (trainer)
7.05pm: Maiden (TB) Dh82,500 (D) 1,400m, Winner: Mnasek, Dane O’Neill, Doug Watson.
7.40pm: Maiden (TB) Dh82,500 (D) 1,600m, Winner: Grand Dubai, Sandro Paiva, Ali Rashid Al Raihe.
8.15pm: Handicap (TB) Dh87,500 (D) 2,200m, Winner: Meqdam, Sam Hitchcock, Doug Watson.
8.50pm: Dubai Creek Mile Listed (TB) Dh132,500 (D) 1,600m, Winner: Thegreatcollection, Pat Cosgrave, Doug Watson.
9.25pm: Conditions (TB) Dh120,000 (D) 1,900m, Winner: Sanad Libya, Richard Mullen, Satish Seemar.
10pm: Handicap (TB) Dh92,500 (D) 1,400m, Winner: Madkhal, Adrie de Vries, Fawzi Nass.
The%20specs%3A%20Macan%20Turbo
%3Cp%3E%3Cstrong%3EEngine%3A%20%3C%2Fstrong%3EDual%20synchronous%20electric%20motors%3Cbr%3E%3Cstrong%3EPower%3A%20%3C%2Fstrong%3E639hp%3Cbr%3E%3Cstrong%3ETorque%3A%20%3C%2Fstrong%3E1%2C130Nm%3Cbr%3E%3Cstrong%3ETransmission%3A%20%3C%2Fstrong%3ESingle-speed%20automatic%3Cbr%3E%3Cstrong%3ETouring%20range%3A%20%3C%2Fstrong%3E591km%3Cbr%3E%3Cstrong%3EPrice%3A%20%3C%2Fstrong%3EFrom%20Dh412%2C500%3Cbr%3E%3Cstrong%3EOn%20sale%3A%20%3C%2Fstrong%3EDeliveries%20start%20in%20October%3C%2Fp%3E%0A
The specs
Engine: 2-litre 4-cylinder and 3.6-litre 6-cylinder
Power: 220 and 280 horsepower
Torque: 350 and 360Nm
Transmission: eight-speed automatic
Price: from Dh136,521 VAT and Dh166,464 VAT
On sale: now
Company%20Profile
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COMPANY%20PROFILE
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The specs
Engine: 3.0-litre six-cylinder turbo
Power: 398hp from 5,250rpm
Torque: 580Nm at 1,900-4,800rpm
Transmission: Eight-speed auto
Fuel economy, combined: 6.5L/100km
On sale: December
Price: From Dh330,000 (estimate)
COMPANY PROFILE
Founders: Alhaan Ahmed, Alyina Ahmed and Maximo Tettamanzi
Total funding: Self funded
You Were Never Really Here
Director: Lynne Ramsay
Starring: Joaquim Phoenix, Ekaterina Samsonov
Four stars
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Specs%3A%202024%20McLaren%20Artura%20Spider
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