Cybercrime projected to cause $10.5 trillion in damages by 2025

Shutterstock (For illustration)

The world's leading cybersecurity figureheads have been discussing the challenges and costly risks associated with ransomware, crypto and Generative AI at GITEX Global, taking place at Dubai's World Trade Centre.

During his keynote address, the UAE Government’s Head of Cybersecurity, Dr. Mohamed Al-Kuwaiti, stressed that the nation is working closely with partners to protect and defend people and organisations from any potential threats. 

He also highlighted the UAE Cybersecurity Council's work across the nation and how it has been collaborating with partners to protect and defend people and organisations online.

"We strive to continuously innovate and form partnerships with entities, nations, and governments. Our vision is to create a great place to collaborate, work, and serve the entire world," Al-Kuwaiti added.

GITEX Global saw the debut of GITEX Cyber Valley, hosted by the UAE Cybersecurity Council. The Cyber Valley hosts various hackathons with over 500 white hackers participating across five challenges to solve global tech issues. Cyber Valley participants can also explore X-Labs Security, a cutting-edge platform for technical talks and the latest product demos.

Leading cybersecurity organisations including Huawei, Netscout, ESET, Kaspersky, Norton, Palo Alto, Fortinet, and more, are exhibiting at the event to showcase how their solutions are helping organisations protect their most precious assets.

More from Business

Coming Up on Dubai Eye

  • Extra Time

    7:00pm - 10:00pm

    Chris & Robbie bring you the latest from the sporting world plus interviews with upcoming and legendary sporting stars.

  • Nights on Dubai Eye 103.8

    10:00pm - 11:00pm

    Dubai Eye complements the conversation with the music you love from the eighties, nineties and newer.

BUSINESS BREAKFAST LATEST

On Dubai Eye

  • Flying Taxis

    It sounds like an episode of The Jetsons, but the sight of flying taxis whizzing around our cities could be much closer than you think.

  • Tough penalties for deliberate tax evasion

    The UAE has said that tougher penalties will come into force from 1st August for not keeping proper corporate tax records.