GoDubai
  
  
  
  
Citylife > Press Release
  Home Contact us Add to Favourites
Most Recent Postings
More Press Releses
Featured Sections

Event Finder
A daily roundup of exhibitions, promotions and other events in Dubai and the rest of the Emirates.
Submit an Event
Latest Dubai Press Releases >> Banking Investments

 
  Share

A Memorandum of Understanding was signed on October 23rd, 2017, between the Smart Dubai Office (SDO) and the Dubai Electronic Security Center (DESC), promoting cooperation in implementing the Dubai Digital Wealth Initiative by focusing on Dubai Digital Certificates. His Highness Sheikh Mohammed bin Rashid Al Maktoum, the Vice President and Prime Minister of UAE and Ruler of Dubai, attended the signing, as did His Highness Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of the Emirate's Executive Council, and His Highness Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, Deputy Ruler of Dubai.

Smart Dubai: Making Dubai the Happiest City on Earth

The MoU is regarded as instrumental in realizing the Digital Wealth Initiative and its sister project, the Internet of Things Strategy that were launched earlier in October. It seeks to regulate access to DESC cybersecurity services that are crucial to the SDO, in particular with regard to digital certificates that are necessary for the implementation of smart-city projects. Smart Dubai 2021 is a strategy revolving around six thematic objectives, which aims to make Dubai “the happiest city on Earth” – and has already, in less than three years, recorded a 3% rise of happiness levels in the emirate.

Smart Dubai is closely connected to Dubai Digital Wealth, a nation-wide policy that contains a total of 121 smart initiatives, 200 databases and over 1,100 smart services, including digital infrastructure for data storage and processing, renewable energy, smart living and Blockchain applications. It is estimated that it will yield revenue of roughly 33.8 billion AED in the span of three years, while uses of shared data are projected to return 10.4 billion AED to Dubai's GDP by 2021. In addition, the IoT strategy is expected to increase its value to 17.9 billion AED and blockchain technology in state infrastructure is estimated to add 5.5 billion AED to the emirate's GDP, both by 2020. According to the Smart Dubai 2021, the emirate aims to have achieved 100% paperless government transactions in four years from now.

Source: Pexels

Cybercrime on the Rise in Dubai

At the signing ceremony, the Director-General of DESC emphasized the role of cybersecurity in the emirate's future, stating that the objective is also to make Dubai the safest city in terms of digital security. As ransomware incidents and hacker attacks seem to be on the rise globally, more and more institutions, private companies and governments realize the importance of comprehensive cyber strategies and tools like digital certificates, cryptography, and web application firewalls. A web application firewall (WAF) is a cybersecurity solution that protects from application layer attacks, including OWASP Top 10 Threats like SQL Injection and XSS attacks, by filtering out malicious requests.

Tools like this seem increasingly important for UAE, where cybercrime is on the rise: in particular, according to the 2017 DESC Dubai Cyber Security Strategy paper, in 2016 alone the cost of damages from cybercrime rose to 5.14 billion AED, while the Dubai Police report that roughly one in five UAE residents fell prey to cybercriminals in 2015. Cybersecurity incidents saw an increase of 23% in that same year, while the DESC expects that these figures will rise even faster until 2020.

In this context, initiatives like the MoU between SDO and DESC stand out as immensely crucial in safeguarding that the transition to a smarter, more efficient Dubai governance will be accompanied by proper cybersecurity mechanisms and protection.


Posted by : GoDubai Editorial Team
Viewed 10846 times
Posted on : Monday, October 30, 2017  
Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of GoDubai.com.
Previous Story : Ahli United Bank B.S.C. Net Profit Attributable to the Equity Shareholders Surges by 6.0% to US$ 468...
Next Story : Apple Pay – Now Made Possible for Mashreq's Customers
Email this article Print this article

Share this article with your friends and followers
NewsVine

Comments

Back to Top  
Most Viewed Press Release posted in the last 7 days
Michael Kors Presents Spring 2018 Jewelry
Malabar Gold & Diamonds makes historic gain Opens 11 showrooms in a day across 6...
IKEA Welcomes Children in-store to Spread Love for the Arabic Language as Part o...
Transform Your Lips With Glitter Flip Liquid Lipsticks from Ciaté London
Max Fashion #ForgetFilters Campaign Celebrates Living for the Moment
LG Exploring New Commercial Opportunities With Expanding Robot Portfolio
New Year, New Skin with the Labo Transdermic Anti-Aging Range
Sports Bras Banishing Bounce by 83% arrive in store
LG's 2018 Speaker Lineup Wows With Premium Sound, Ease of Use and Now Smart Capa...
We Sheet You Not! Foreo Announces End of Face Mask Epidemic
Transform Your Skin In 2018 with QNET's Revolutionary Elixa Skincare
Emirates sends off UAE fans on special A380 flight to Kuwait
Experience the ultimate beauty extravaganza as MyBeautyFest kicks off with the i...
Golden Bridge Rectangle Diamonds designed to dazzle
Qabala joins Air Arabia's Azerbaijan network
Bubble Clown by Matt Barnes
Michael Kors Presents Spring 2018 Watches
DS Podium Chronograph Lap Timer – Racing Edition
Land Rover's 70th Anniversary Begins With Restoration of ‘Missing' Original 4x4
Coach presents the Grand Stainless Steel Bracelet Watch Collection
OMEGA and Pyeongchang 2018
Celebrate love with Rado
Corum Bubble Art For Those Who Appreciate A Work Of Art
New Year – New Savings now with Al-Futtaim Honda
Shimmering Gilda takes on a silvery sheen
Joyalukkas grows presence in Singapore with new showroom on Serangoon Road
Samsung Delivers Vision for Open and Intelligent IoT Experiences to Simplify Eve...
Samsung Electronics' 2018 Smart TVs Become First to be Industry-Certified for En...
Garden Party Style and Cult Classics: Swatch Launches Spring-summer 2018 Collection
Scuderia Ferrari presents the latest RedRev Watch Collection
Dubai Culture Organises ‘Carnival of Ideas'
Marine Torpilleur Military made for men who chart their own destiny
New Year, New Skincare!
World Future Energy Summit's inaugural Mobility Conference to discuss future of ...
Nissan and NASA extend research into autonomous mobility services
Mashreq Bank offering credit cards for every passion
ADNEC Gears Up to Host Abu Dhabi Sustainability Week 2018
Panasonic Jaguar Racing Set Their Sights on Marrakesh E-Prix
Abu Dhabi Quality and Conformity Council Completes Verification of Fuel Meters a...
Renault-Nissan-Mitsubishi Launches a Venture Capital Fund to Invest Up to $1 Bil...
ZAKK Air specialised headset for athletes launched in UAE
Dubai Customs receives Azerbaikjani outgoing Consul General
Dubai Health Forum announces key speakers.
EUROSTAR presents seven global tech majors at CABSAT 2018
Property Remains Preffered 2018 Investment Asset for UAE Residents
HP Fuels the Future of Computing at CES 2018
Dubai Fitness Challenge Inspires Over a Million People, Leaving Active Lifestyle...
UAE Rejoice: PAN Emirates to not charge VAT to customers in 2018
Dubai-based Briton makes waves on debut in Fazza Championship for Falconry – Telwah
IKEA Introduces 'arabic Reassembled' as Part of Uae Initiative to Spread Love fo...