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 and 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 9931 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 : Ras Al Khaimah's Saud Bin Saqr Establishment For Youth Enterprises Development (RAK-SME) wins Compan...
Next Story : Al Naboodah Group Enterprises commits to customer happiness
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
RUNWAY DUBAI creates a new buzz campaign for fashion tourism
Time for Some AIGNER Love
Achieve whiter teeth at home with Spotlight Teeth White Strips
SUC signed MOU with Waldorf Astoria Ras Al Khaimah
Golden Bridge Rectangle Diamonds Celebrates The Virtuosity Of Art Deco Design Genius
Gift gorgeous skin this festive season.
Calvin Klein Presents Steadfast Collection
BOSS watches presents Navigator Collection
Sthan, bringing you authentic Frontier food from beyond borders, is now open in Dubai
Absolutely Rejuvenated Skin to Start the New Year
Coach Women's Lex Stainless Steel Bracelet Watch Collection
Mohammed bin Rashid Launches UAE Astronaut Programme
Glamazle.com names a Lipstick after Yardstick Marketing as a testimonial to the ...
Step into 2018 with skinade & slow down the signs of ageing
‘Artistry' - Branded Jewellery show at Malabar Gold & Diamonds' outlet in Meena ...
With the Increasing Trend of Grooming Among Men, Kaya Skin Clinic Launches an Ex...
SUC Conducted the 10th CEO Lecture Series
Together for Egyptian Cinema: A Million happy viewers
Nouveau Lashes & Beauty – The Aftercare Range
The First “Dilmah Silver Jubilee Gourmet” in a Middle East Hotel Opens in Pullma...
Lg V30+ Launches in the Uae and Makes Its Way Into Customers' Pockets and Lives
LG bets high on Premium TV Market with industry leading OLED Technology
Over 200 developers across India participate in CREDAI's Indian Property Show
Unilever's Lipton Jebel Ali Tea Factory First in MENA to Achieve Bronze World Cl...
Dubai-based teen star Polina Butorina releases her debut album ‘Ocean of Emotions'
10 years on Bremont refreshes ALT1-P range
Switzerland wins a Good Design Award for the first chronograph-watch in history
Win 3000 Dollars with Splash
Saint Honore presents the distinguished Haussmann for men in an elegant avatar
Sleigh your style with women'secret's festive collection
LPG Endermologie provides tips for you to stay healthy and glowing inside and out
Ghantoot present 17th Emirates Open Polo Championship International
Al Tayer Motors Celebrates 100 Years of Ford Pick-up Trucks
Joyalukkas the World's Favourite Jeweller Now Launches in South Extension, Delhi
DIFF Welcomes Robert Bosch Stiftung to the Festival's 14th Edition
Registration Opens for the Fazza Championships for Falconry 2018
Festive and NYE Happenings at Tub of Butter
SOUQ launches “Amazon Global Store” bringing over a million global products to t...
du Opens New Business Centre Facility at Jebel Ali Free Zone (Jafza)
Ring in the New Year with Ramada Plaza Jumeirah Beach in JBR at Fogueira, Speake...
Party Season Essentials at Paris Gallery
Lacoste Introduces Motion Collection
Saxo Bank 2018 Outrageous Predictions: 2018 will be a true roller coaster ride c...
De'longhi Bean-to-cup Coffee Machines
Huawei's ultimate gift guide for the 2017 Holiday Season
Green Hope on Former US Vice President Al Gore's 24 Hours of Climate Reality telecast
The du Youth Council Holds a Volunteering Day at Al Ain Zoo with People of Deter...
Indian realty in revival mode, says industry expert
DIFF Closes With Full Force on the Red Carpet
MEPRA announces winners of its 2017 awards