DFSA

DFSA

April 01, 2024. |

155,000 vulnerable cyber assets in the UAE – are some of them yours?

The UAE currently hosts 155,000 vulnerable cyber assets, a staggering 40 percent of which are over five years old, according to a new report. State of the UAE — Cybersecurity Report 2024, which was issued by the UAE Cyber Security Council and CPX Holding, emphasises the critical need for advanced cyber security measures in response […]

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February 18, 2024. |

The SME roadmap for cybersecurity & compliance

Here’s how SMEs can ace security and compliance goals…without draining their budget. The world is ever more interconnected, meaning that protecting digital assets and keeping up with regulatory standards have become paramount concerns for SMEs. However, the prospect of managing cybersecurity and compliance initiatives can be overwhelming, particularly for businesses with limited financial resources. But […]

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February 06, 2024. |

Learning from the fallen: Over 95% of breached UAE security leaders are calling for a cybersecurity overhaul

A recent study paints a concerning picture of the cybersecurity landscape in the UAE, with nearly all IT security leaders calling for immediate improvements after experiencing major cyber incidents.  The research delves into the challenges faced by CISOs and other high-level security decision-makers following an attack, and it reveals an urgent need for action across […]

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February 05, 2024. |

You need a DPO in the DIFC, here’s why

By Mohammad Hammoudeh, Information Security Specialist, Penta.  What is a DPO? In the UAE, a Data Protection Officer (DPO) is responsible for making sure an organization processes, stores and handles data in compliance with DIFC’s data protection rules. DPOs oversee data protection operations.By data, what is meant in this instance is the personal data of […]

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November 29, 2023. |

Are you ready for the new DFSA laws?

On January 1, 2024, five new amendments to the DFSA Rulebook will be in place. This follows the completion of the consultation period on a number of proposed legislative changes that were set out in Consultation Papers No. 147 and 150 The DFSA Board, after what it described as “due consideration of consultees’ comments”, has […]

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September 01, 2023. |

Cyber crisis management is evolving …are you keeping pace?

The Dubai Financial Services Authority (DFSA) recently published a report on its first industry-level cyber simulation exercise. This involved 17 Authorized Firms and was conducted across the DIFC in partnership with consulting firm Control Risks. The idea was to provide an opportunity for firms to assess and improve the effectiveness of their cyber crisis management […]

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March 15, 2023. |

Worry-free IT: Penta’s 17th annual ISAE 3402 audit report ready for your FINMA and DFSA compliance – and peace of mind

More security, compliance, and quality of service at no extra cost to clients Penta has successfully completed ISAE 3402 audit covering 2022 confirming that Penta’s internal IT risk management controls are effective and compliant with best practices. The independent audit done by EY (Ernst & Young), a global audit and assurance firm. The ISAE 3402 […]

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