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The US – UAE Cybersecurity Forum, which Dubai will host on Wednesday, aims to inform about public policy discussions in the UAE, drive bilateral collaboration in cybersecurity and encourage co-operation amongst industry stakeholders, the organisers said.
The forum is being organised by the US Chamber of Commerce, The American Business Council in Dubai, Dubai Chamber and Dubai Internet City to connect American companies and experts with leaders in the UAE’s cybersecurity community and top government officials and business leaders.
Cisco estimates that cybersecurity will drive $7.6 trillion of digital value over the next decade. More than three-quarters of this amount – $5.8 trillion – will result from cybersecurity’s enablement of digital use cases that instigate innovation and growth. As much as digitisation and the Internet of Things (IoT) provides opportunities to businesses, consumers and citizens, they also create greater opportunities for attackers as modern networks and their components constantly evolve and spawn new attack vectors.
“Cybersecurity has become a vital issue for governments and companies across all sectors of the economy, from finance and healthcare to critical infrastructure and retail,” Shukri Eid, managing director, East Region, Cisco Middle East, said.
“Public-private sector partnerships are critical to the future of cybersecurity, as collaborative information sharing will ultimately help define global security standards. It’s critically important that we stop thinking about security as a defence-centric approach that is sold by fear, uncertainty and doubt. We need to start thinking about simplifying security as a requirement to drive new innovative business models that actually help the business go forward,” he added.
During the US – UAE Cybersecurity Forum, the US Chamber of Commerce will launch a ‘Cyber Working Group’ to ensure a sustained and constructive dialogue between American companies and the public and private sectors in the UAE and other GCC countries.