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 >> LifeStyle


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 13060 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


Back to Top  
Most Viewed Press Release posted in the last 7 days
Top Perfume Picks for Mother's Day @ Glambeaute.com
Filorga Launches Lift Range
Nissan's e-POWER technology wins environmental award
The Global Sensation UFO Lands in Europe at Cosmoprof 2018
Discover the MISA Cho Gong Jin Oriental and Herbal Skincare Range from Missha
Drink yourself to looking younger with Skinade
The V-Tox Facial by Linda Meredith Skincare
Mother's Day Offer from Blush N Curls Salon
It's Mother's Day!
Corporate Power Dressing redefined at Kachins Signature
Al-Futtaim Honda launches 10th generation Honda Accord
The only line you'll love in your face – your perfect jawline!
GMC sets a new GUINNESS WORLD RECORDS title in partnership with Abu Dhabi Police
ba&sh's Spring-Summer collection 2018
OMEGA Launches its NATO Strap “Pop-Up Boutique” in Paris
Raymond Weil introduces the Maestro Blues
Top Picks for Babies & Kids @ Glambeaute.com
GUESS Unveils the Kids Spring 2018 Collection and Campaign
Cadillac Alghanim kicks off world-class opportunity in Kuwait
A Meet & Greet with the Pakistani Cricket Sensation Umar Akmal
Beyond Beauty partners with Platinum Records to position teen sensation Hala Al ...
The Spring Summer 18 Womenswear Collection
Milan-san Remo a Dream Target as Uae Team Emirates Announce Super-seven Line Up
IKEA launches the OMEDELBAR limited-edition collection!
Awqaf and Minors Affairs Foundation Attracts 1200 Emirati Job Seekers at Careers...
Samsung Mother's Day Blurbs 2018
The Collection by Phuong Dang
Her Highness Sheikha Latifa bint Mohammed bin Rashid Al Maktoum Inaugurates SIKK...
Join the UAEs first Women's Warrior Challenge.
Scuderia Ferrari Father & Son Gift Set
From Jade to Diamond
SOUQ welcomes 3M's innovative products to serve everyday customer needs
Chloé Reinterprets the Iconic “Carlina” Sunglass With an Exclusive Twist Motif
The era of Quiet Rebels
Lufthansa Group achieves best result in its history
Agreement signed in the presence of His Highness Sheikh Mohammed Bin Zayed Al Na...
Business of beauty goes green at Beautyworld Middle East 2018 as Natural & Organ...
2XL launches “Caspar” living room collection in grey
Dubai WoodShow takes off with more than 300 exhibitors from 55 countries and six...
Galeries Lafayette Le Gourmet Food Fest returns back to City Walk
10 Must-see Activities at Dubai International Horse Fair This Week
TAG Heuer Continues its Automotive Legacy On & Off the Track with 3 New Contempo...
Turkish Airlines Closes Airbus and Boeing Orders
Blackberry® Keyone Bronze Edition Available Now in the Middle East
The Bremont 1918 Limited Edition Collection
LACOSTE reveals a new feminine watch collection - the Kea family!
Keventers unveils Kids Special Menu for Mother's Day
Emirati woman grabs first place in women's category of 18th Fazza Open Champions...
Boss watches presents Magnitude collection – a new angle on time!