The UAE is working hard to build a safe digital economy with highly secure and robust cloud infrastructure, Dr Mohamed Al Kuwaiti, the UAE government's head of cyber security, said.
In an exclusive interview with The National, Dr Al Kuwaiti said the UAE’s key to success is collaboration with several countries to shore up its digital ecosystem and information technology infrastructure.
“We have state-of-the-art advanced cloud ecosystems that allow all businesses at different scales and government enterprises to seamlessly conduct their business here from the UAE,” said Mr Al Kuwaiti on Monday.
One key reason why cyber crime and ransomware attacks, in particular, are rising is that most people just view it as someone else’s problem
Dr Mohamed Al Kuwaiti,
UAE government's head of cyber security
He was speaking on the sidelines of Intersec, a global emergency services, security and safety event that is taking place at the Dubai World Trade Centre. The event started on January 16 and will end on January 18.
“The UAE, like other nations, is going through digital transformations, which increase the dependency on technologies, and there are more and more, which opens a larger threat landscape.
"We are applying the latest cyber security technology and support big or small businesses with top-class experts from the private sector to help them if they are targeted by cyber criminals.”
Mr Al Kuwaiti said Intersec was a great way to explore the latest technology and innovative solutions to complex digital problems and network with cyber security experts from around the world.
“We are providing investors from around the world [with] multiple platforms such as this conference, which helps us to co-operate and work with others to enhance our cyber security, which is not one country’s problem. One key reason why cyber crime and ransomware attacks, in particular, are rising is that most people just view it as someone else’s problem.”
Ransomware has emerged as the biggest threat to cyber security in recent years. It allows criminal hackers to disable an organisation’s computer system and hold its data hostage, demanding a ransom to decrypt it.
There is no accurate data that shows the exact number of such attacks as many of them might have gone unreported, with victims paying the cyber criminals.
Cyber criminals are expected to attack a business, consumer or device every two seconds by 2031, according to New York-based research company Cybersecurity Ventures.
It said ransomware damages cost the world about $20 billion, which is 57 times more than in 2015 at $325 million.
The company predicts ransomware will cost its victims about $265 billion by 2031.
Alex Nicholl, head of the Intersec conference, said this year’s message is how to help various partners face wide-ranging digital disruptions and shore up their systems against potential vulnerabilities.
“We have been holding Intersec for 23 years and this is the first year we put a real emphasis on cyber security. We are providing a platform that brings together a diverse group of experts from the public and private cyber security sectors, cyber economists and ethical hackers," Mr Nicholl told The National
"We have also partnered, for the first time, with the UAE Cyber Security Council and plan to reinforce this partnership.”
The supply chain attacks
When hackers leave a message on a computer about how to contact them to decrypt locked data, one has little choice unless they have a solid backup system, said Mr Al Kuwaiti, who holds a doctorate in computer engineering and network security from George Washington University.
“If you have a solid backup system of your data, along with a cyber security framework and cyber security posters, then you do not need to negotiate with those ransomware criminals,” he said, noting that most of the cyber attacks in the UAE fall under the fraud, impersonation and data-theft categories.
“A company has to run a risk assessment, as well to figure out the cost of losing such data against the ransom money. It depends on the decision by the board members of this or that company at the end of the day. The recommendation is not to negotiate and it is not mandatory,” he said.
“The cyber attacks increased by at least 200 per cent last year, compared to 2020, in the UAE and are topped by ransomware, email phishing, ddos [denial of service] and impersonation."
Experts who track the actions of cyber criminal gangs and analyse hacking techniques said third parties have become the weakest link exploited by hackers to target critical infrastructure of major corporations and government agencies.
"We call it supply chain attacks,” ethical hacker Freaky Clown, one of the key speakers at Intersec, told The National.
“Criminals are aware that the big companies and entities have great defences. It is a great cause for concern because the ripple effects that can be triggered by a single attack, in particular, can comprise the cyber security of others in the supply chain.”
Ms Yang's top tips for parents new to the UAE
- Join parent networks
- Look beyond school fees
- Keep an open mind
THE%20SWIMMERS
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COMPANY PROFILE
Name: Mamo
Year it started: 2019 Founders: Imad Gharazeddine, Asim Janjua
Based: Dubai, UAE
Number of employees: 28
Sector: Financial services
Investment: $9.5m
Funding stage: Pre-Series A Investors: Global Ventures, GFC, 4DX Ventures, AlRajhi Partners, Olive Tree Capital, and prominent Silicon Valley investors.
CHATGPT%20ENTERPRISE%20FEATURES
%3Cp%3E%E2%80%A2%20Enterprise-grade%20security%20and%20privacy%3C%2Fp%3E%0A%3Cp%3E%E2%80%A2%20Unlimited%20higher-speed%20GPT-4%20access%20with%20no%20caps%3C%2Fp%3E%0A%3Cp%3E%E2%80%A2%20Longer%20context%20windows%20for%20processing%20longer%20inputs%3C%2Fp%3E%0A%3Cp%3E%E2%80%A2%20Advanced%20data%20analysis%20capabilities%3C%2Fp%3E%0A%3Cp%3E%E2%80%A2%20Customisation%20options%3C%2Fp%3E%0A%3Cp%3E%E2%80%A2%20Shareable%20chat%20templates%20that%20companies%20can%20use%20to%20collaborate%20and%20build%20common%20workflows%3C%2Fp%3E%0A%3Cp%3E%E2%80%A2%20Analytics%20dashboard%20for%20usage%20insights%3C%2Fp%3E%0A%3Cp%3E%E2%80%A2%20Free%20credits%20to%20use%20OpenAI%20APIs%20to%20extend%20OpenAI%20into%20a%20fully-custom%20solution%20for%20enterprises%3C%2Fp%3E%0A
What can victims do?
Always use only regulated platforms
Stop all transactions and communication on suspicion
Save all evidence (screenshots, chat logs, transaction IDs)
Report to local authorities
Warn others to prevent further harm
Courtesy: Crystal Intelligence
UK’s AI plan
- AI ambassadors such as MIT economist Simon Johnson, Monzo cofounder Tom Blomfield and Google DeepMind’s Raia Hadsell
- £10bn AI growth zone in South Wales to create 5,000 jobs
- £100m of government support for startups building AI hardware products
- £250m to train new AI models
Tamkeen's offering
- Option 1: 70% in year 1, 50% in year 2, 30% in year 3
- Option 2: 50% across three years
- Option 3: 30% across five years
Most%20ODI%20hundreds
%3Cp%3E49%20-%20Sachin%20Tendulkar%2C%20India%0D%3Cbr%3E47%20-%20Virat%20Kohli%2C%20India%0D%3Cbr%3E31%20-%20Rohit%20Sharma%2C%20India%0D%3Cbr%3E30%20-%20Ricky%20Ponting%2C%20Australia%2FICC%0D%3Cbr%3E28%20-%20Sanath%20Jayasuriya%2C%20Sri%20Lanka%2FAsia%0D%3Cbr%3E27%20-%20Hashim%20Amla%2C%20South%20Africa%0D%3Cbr%3E25%20-%20AB%20de%20Villiers%2C%20South%20Africa%2FAfrica%0D%3Cbr%3E25%20-%20Chris%20Gayle%2C%20West%20Indies%2FICC%0D%3Cbr%3E25%20-%20Kumar%20Sangakkara%2C%20Sri%20Lanka%2FICC%2FAsia%0D%3Cbr%3E22%20-%20Sourav%20Ganguly%2C%20India%2FAsia%0D%3Cbr%3E22%20-%20Tillakaratne%20Dilshan%2C%20Sri%20Lanka%0D%3C%2Fp%3E%0A
Real estate tokenisation project
Dubai launched the pilot phase of its real estate tokenisation project last month.
The initiative focuses on converting real estate assets into digital tokens recorded on blockchain technology and helps in streamlining the process of buying, selling and investing, the Dubai Land Department said.
Dubai’s real estate tokenisation market is projected to reach Dh60 billion ($16.33 billion) by 2033, representing 7 per cent of the emirate’s total property transactions, according to the DLD.
What drives subscription retailing?
Once the domain of newspaper home deliveries, subscription model retailing has combined with e-commerce to permeate myriad products and services.
The concept has grown tremendously around the world and is forecast to thrive further, according to UnivDatos Market Insights’ report on recent and predicted trends in the sector.
The global subscription e-commerce market was valued at $13.2 billion (Dh48.5bn) in 2018. It is forecast to touch $478.2bn in 2025, and include the entertainment, fitness, food, cosmetics, baby care and fashion sectors.
The report says subscription-based services currently constitute “a small trend within e-commerce”. The US hosts almost 70 per cent of recurring plan firms, including leaders Dollar Shave Club, Hello Fresh and Netflix. Walmart and Sephora are among longer established retailers entering the space.
UnivDatos cites younger and affluent urbanites as prime subscription targets, with women currently the largest share of end-users.
That’s expected to remain unchanged until 2025, when women will represent a $246.6bn market share, owing to increasing numbers of start-ups targeting women.
Personal care and beauty occupy the largest chunk of the worldwide subscription e-commerce market, with changing lifestyles, work schedules, customisation and convenience among the chief future drivers.
The specs: 2018 Chevrolet Trailblazer
Price, base / as tested Dh99,000 / Dh132,000
Engine 3.6L V6
Transmission: Six-speed automatic
Power 275hp @ 6,000rpm
Torque 350Nm @ 3,700rpm
Fuel economy combined 12.2L / 100km
Scream%20VI
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LOVE%20AGAIN
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Total eligible population
About 57.5 million people
51.1 million received a jab
6.4 million have not
Where are the unvaccinated?
England 11%
Scotland 9%
Wales 10%
Northern Ireland 14%
The specs
Engine: 3.0-litre 6-cyl turbo
Power: 435hp at 5,900rpm
Torque: 520Nm at 1,800-5,500rpm
Transmission: 9-speed auto
Price: from Dh498,542
On sale: now