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.
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.
The audit highlighted a lack of encryption of personal data at the National Payments Corporation of India (NPCI) which forms the backbone of the country's digital payments system and operates the RuPay card network championed by Prime Minister Narendra Modi.
Hong Kong's elderly are plagued by phone scammers who seek out vulnerable and wealthy victims willing to transfer money or make bogus investments. Police said scammers targeted an elderly woman living in a mansion on The Peak, Hong Kong's ritziest neighbourhood.
Last summer criminals contacted the unnamed woman pretending to be Chinese public security officials.
Authorities say criminalisation is needed to curb the online flood of dangerous fake cures and conspiracy theories that the World Health Organisation (WHO) has called an "infodemic."
The TRA revealed that its monthly report on cybersecurity developments in the Federal Government of the UAE for the month of June 2020 showed that the cyber-attacks varied between malware (73 per cent), vulnerabilities (15 percent) and phishing attacks (12 per cent).
"In the (hopefully unlikely) event that Twitter forces this deal to close *and* some equity partners don’t come through, it is important to avoid an emergency sale of Tesla stock," he said in a tweet late on Tuesday.
Godel Technologies, a UK-based agile software development company founded in 2002, has become the latest digitally oriented business to join the UAE’s landmark NextGenFDI initiative,
The Board of Directors of Sharjah Asset Management Company, investment arm of the Government of Sharjah, has cleared the new institutional strategic plan for the 2023-2025 period,