News Column

Forthcoming conference in Dubai to tackle latest cybersecurity threats to banking, financial sector

May 28, 2014

DUBAI, 28th May 2014 (WAM) -- With cybercrime being the second most reported economic crime in the Middle East according to the PricewaterhouseCoopers' (PwC) 2014 Global Economic Crime Survey, leading experts from the banking and financial sector will convene at the second Gulf Information Security Expo & Conference (GISEC) 2014 to explore ways to tackle this issue. The event is organised by Dubai World Trade Centre (DWTC) at its premises in Dubai from 9 to 11 June 2014.

The PwC study suggests that banks are an increasingly desirable target for cyber terrorists and hackers. 39% of financial sector respondents said they had been victims of cybercrime, compared with only 17% in other industries. The most commonly occurring cyber threats in this region are to applications, systems and networks, but mobile devices, removable storage devices and data held by third parties are also at risk.

One of the key session topics at the GISEC conference will present various case studies of tackling cybercrime in the financial sector. The session will look at how financial institutions use a combination of fraud and cybercrime prevention technology and operations in support of a holistic approach to cybersecurity.

The GISEC conference will also gather regional and international experts in I.T security such as Robert Bigman, Former Chief Information Security Officer (CISO) at Central Intelligence Agency (CIA), who will expose the truth about commercial I.T. system security and why most attacks can be thwarted by intelligent I.T. network architecture; Mikko Hypponen, Chief Research Officer of F-Secure, and others.

The conference segment of GISEC, hosting delegates from over 18 countries, will explore issues on global cybersecurity vulnerabilities and threats against systems, applications, and personal networks. The two-day focused I.T. security conference along with free-to-attend security sessions on vendor-run educational presentations, workshops, demonstrations, informative speeches and case-studies will give I.T. professionals useful insights to help defend their businesses from cyberattacks.

GISEC 2014 is set to draw 3,000 trade visitors from 51 countries and more than 100 exhibitors from the world's leading information security companies and brands. 91% of last year's attendees were purchasing decision makers from a wide range of industries.

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Source: Emirates News Agency (WAM) (United Arab Emirates)

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