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 20600 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
Introducing Burberry Bespoke Fragrances
Making many tones from one
Celebrate the Month of Love with a Brighter Smile at The Smile Bar
Persil Appoints Nancy Ajram as the new Regional Brand Ambassador
A Chaumet Valentine's Day Sentimental jewellery
Tissot PRS 516 Alpine Limited Edition A sporting tribute
Malabar Gold & Diamonds opens a new showroom in Millennium Dubai Airport Hotel t...
The Preston watch collection by Coach
Nissan Energy demonstration hits the spot
Jewellery shoppers to keep winning big this Dubai Shopping Festival
Sawalef Perfumes unveils product range of delicate scents in 2019
Turkish Airlines reached the 80.2% Load Factor in December 2018.
Tag Heuer Demonstrates Watchmaking Mastery With Its New Carrera Calibre Heuer 02...
Beef Sushi- Love at first bite
Global Village presents Scheherazade, a timeless tale of intrigue and adventure
HUGO BOSS watches Legacy Casual Family collection
Walid Atallah's “Dream Dress”: The new revolution in the World of Fashion 2019
Eberhard & Co. Gilda makes an extraordinary Valentine's Day gift
Scuderia Ferrari presents PILOTA Family Collection
Spring/Summer ‘19 Collection IL Gufo Underwater
Bollywood Actor Anil Kapoor to inaugurate 2 new outlets of Malabar Gold & Diamon...
Luxury jewelry house Dhamani 1969 launches exclusive CHRYSALIS collection
MALABAR GOLD - DSF Winner Photo for Release - Anandan Ganesh
Third Edition of Al Shira'aa International Horse Show Concludes with Thrilling Finale
Bollywood Actor Anil Kapoor inaugurated 2 new outlets of Malabar Gold & Diamonds...
Dubai-based sports star Sarra Lajnef gets Women Leadership Award
Nicole Kidman at the Golden Globe Awards
Joyalukkas Shopper wins BMW Car in DSF Mega Promotion
Airbus boosts Intersec 2019 with Progressive Comms Technology
Al Mouj Muscat pays tribute to Oman with Layers of Oman Exhibition
The Kingdom of Saudi Arabia's Minister of Energy, Industry, and Mineral Resource...
Honor 10 Lite Packs Stylish Looks and Flagship Performances Into New Device
Dawoodi Bohra Trade Expo begins at Expo Centre Sharjah
The Graham Chronofighter Vintage UK Ltd takes unity into its own hands
Opening Ceremony of Azerbaijan House in the United Arab Emirates
Audi turns the car into a virtual reality experience platform at CES
Citi UAE opens Citigold lounge in Abu Dhabi.
LACOSTE presents Key West (Sport Inspired) collection
The UAE-Kosovo Economic Forum launches a new phase of economic partnerships
2020 Cadillac XT6 Makes Global Debut
Land-ho! The Pirates have Docked at Dubai Festival City Mall with the launch of ...
Central Bank of the UAE Holds its 1st Board of Directors Meeting for 2019
The 2019 OMEGA Dubai Desert Classic welcomes the world's best players
The Region's Most Anticipated Shopping Festival Is Back at Burjuman
IPAF hosts 10th UAE Nadwa
Implementation Date Announced for Long-Term Residence Permits
UAE residents go on a two-week Camel Trek across the UAE desert
Sultan Awards Oil & Gas Exploration Concession to Italy's Eni
fischer's Annual Media Meet 2019
Endoscopic thyroidectomy seen as minimally invasive and less complicated treatme...