CBUAE conducts cyberattack simulation on banking sector - GulfToday

CBUAE conducts cyberattack simulation on banking sector

  • 24 Jan 2021
UAE-Central-Bank

Picture used for illustrative purpose. File

Gulf Today, Staff Reporter

The Central Bank of UAE (CBUAE) carried out the first-of-its-kind cyberattack simulation exercise on UAE banks.

The exercise is designed to test the strength of the banking sector against any potential cyber threats.

The exercise emphasized on the CBUAE’s readiness to avoid or control cyber threats. 

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Participating banks got exposed to real-time scenarios to aid them in assessing and applying sector level crisis management strategies.

CBUAE urged banks to bolster their defences against such attacks and confirmed its commitment to continue the development of its Information technology infrastructure and cybersecurity capabilities in line with the international standard and best practices.

 

 

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