Saturday , April 19 2025
UAE

UAE Banks Federation conduct ‘Cyber Wargaming 2024’

The UAE Banks Federation (UBF) organized the third “Cyber Wargaming 2024” event to protect the banking sector’s digital infrastructure and provide a secure banking experience for customers. This event is supervised by the Central Bank of the UAE and the UAE Government’s Cyber Security Council. It aims to develop the banking sector and adapt to rapid technological development.

Cyber Wargaming 2024, the largest event of its kind in the Middle East, followed the successful second edition in 2022. It was attended by representatives from GCC central banks, top UAE banks, financial and technology institutions, cybersecurity experts from the banking and financial sector, as well as strategic partners of the Federation.

CVE-2025-2492
ASUS warns of critical auth bypass flaw in routers

Hackers can exploit a vulnerability in Asus routers to execute unauthorized functions. This serious issue, rated 9.2 out of 10,...
Read More
CVE-2025-2492  ASUS warns of critical auth bypass flaw in routers

16,000+ Fortinet devices compromised with symlink backdoor, Mostly in Asia

According to Shadowserver Foundation around 17,000 Fortinet devices worldwide have been compromised using a new technique called "symlink". This number...
Read More
16,000+  Fortinet devices compromised with symlink backdoor, Mostly in Asia

Patch now! Critical Erlang/OTP SSH Vuln Allows UCE

A critical security flaw has been found in the Erlang/Open Telecom Platform (OTP) SSH implementation, allowing an attacker to run...
Read More
Patch now! Critical Erlang/OTP SSH Vuln Allows UCE

CISA warns of increasing risk tied to Oracle legacy Cloud leak

On Wednesday, CISA alerted about increased breach risks due to the earlier compromise of legacy Oracle Cloud servers, emphasizing the...
Read More
CISA warns of increasing risk tied to Oracle legacy Cloud leak

CVE-2025-20236
Cisco Patches Unauthenticated RCE Flaw in Webex App

Cisco issued a security advisory about a serious vulnerability in its Webex App that allows unauthenticated remote code execution (RCE)...
Read More
CVE-2025-20236  Cisco Patches Unauthenticated RCE Flaw in Webex App

Apple released emergency security updates for 2 zero-day vulns

On Wednesday, Apple released urgent operating system updates to address two security vulnerabilities that had already been exploited in highly...
Read More
Apple released emergency security updates for 2 zero-day vulns

Oracle Released Patched for 378 flaws for April 2025

On April 15, 2025, Oracle released a Critical Patch Update for 378 flaws for its products. The patch update covers...
Read More
Oracle Released Patched for 378 flaws for April 2025

CVE-2025-24054
Hackers Exploiting NTLM Spoofing Windows Vuln the in Wild

Check Point Research warns of the active exploitation of a new vulnerability, CVE-2025-24054, which lets hackers leak NTLMv2-SSP hashes using...
Read More
CVE-2025-24054  Hackers Exploiting NTLM Spoofing Windows Vuln the in Wild

Bengaluru firm got ransomware attack, Hacker demanded $70,000

Bengaluru's Whiteboard Technologies Pvt Ltd was hit by a ransomware attack, with hackers demanding a ransom of up to $70,000...
Read More
Bengaluru firm got ransomware attack, Hacker demanded $70,000

MITRE warns: U.S. Govt. Funding for MITRE’s CVE Ends Today

MITRE Vice President Yosry Barsoum warned that U.S. government funding for the Common Vulnerabilities and Exposures (CVE) and Common Weakness...
Read More
MITRE warns: U.S. Govt. Funding for MITRE’s CVE Ends Today

The event involves simulated cyberattacks to test the cybersecurity teams of UBF member banks. Its purpose is to assess their capabilities and identify areas of strength and weakness. The exercises aim to enhance understanding of attackers’ techniques and the factors that pose a threat.

Jamal Saleh, Director-General of UBF, said, “The organisation of these cyber security workshops confirms UBF’s commitment to prioritise the security of the banking system and information security. We do this under the direct supervision of Central Bank of the UAE, which is keen to develop the necessary regulatory frameworks and technologies to keep up with the latest developments and provide customers with the best services in a reliable banking environment.”
He added, “The large turnout at this event reflects the commitment of member banks and financial institutions to create a secure environment through events and training programmes conducted by our member banks, which provide banking and financial sector employees with the opportunity to learn about the aspects that require further development to enhance cyber security, which is a key pillar in consolidating the UAE’s position as a leading banking and financial centre in the region.”

Abdulla Matar Al Muhairi, who is in charge of the Banking Supervision Department at the Central Bank of the UAE, highlighted the crucial role of the UAE Central Bank in enhancing the stability of the financial system and the readiness of the banking sector to protect against cyber-attacks.

Al Muhairi added, “With the continuous development of technology and artificial intelligence systems, cyber-attacks have become more complex and diverse. Therefore, it is necessary to work together and converge all efforts and capabilities to defend against cyber-attacks and protect the financial system and its stability. The effectiveness of Cyber Wargaming 2024 reflects the cooperation of the banking sector to raise the efficiency of cyber security teams in dealing with attacks and thus create a safer banking environment.”
UBF’s focus on developing all capabilities to protect the digital infrastructure of the banking sector comes against the backdrop of the increasing use of e-commerce, digital banking services and applications, which has led to a rise in cyber threats and financial crimes.

As part of its initiatives to promote digital transformation in a secure environment, UBF organises a series of events and campaigns, such as Cyber Wargaming and the National Fraud Awareness Campaign, all of which help to spread awareness of the risks of fraud and cyber-risks.

The Federation’s Information Security Management Committee and Information Security Advisory Committee collaborated with MasterCard to organize a Threatcasting event. The event aimed to identify future threats from advanced technologies like quantum computing and artificial intelligence and find ways to address them.

The Director-General of the Federation highlighted the significance of these events for developing fraud prevention solutions and keeping up with changes in legislation and regulations. This will help maintain customer confidence and improve the operational flexibility of the banking sector. The goal is to ensure that banks and financial institutions, who are members of the Federation, can effectively protect their systems, data, and customer interests.

Check Also

Hacked 101

RedSentry presents
Hacked 101 Seminar Successfully Ended at UITS

The cybersecurity seminar “RedSentry presents: Hacked 101,” organized by RedSentry with the University of Information …

Leave a Reply

Your email address will not be published. Required fields are marked *