Cyber-Security Centre of Excellence
The Risk Management and Compliance Department is the second line of defence for the Central Bank of the UAE, responsible for the management and oversight of the financial risks and non-financial risks.
It Identifies, manages, and reports all financial and non-financial risks faced by all CBUAE functions. Its primary purpose is promoting awareness of risk management among CBUAE staff, and establishing a CBUAE risk-aware culture.
Vision
A secure UAE financial sector infrastructure that inspires technological innovation and supports economic growth.
Mission
To collaborate with the UAE’s financial sector stakeholders to support real-world cyber-security capabilities that address business needs.
The Cyber-Security Centre of Excellence:
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Employs information sharing and threat intelligence.
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Co-ordinates incident response for major incidents that impact an entity or multiple entities.
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Hones the capability and capacity of entities to respond to cyber-attacks.
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Evaluates the cyber- resilience of entities through periodic “red team” assessment.
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Provides regulatory oversight and advises different entities in the financial sector as required.
Cyber-Security Role
Situational Awareness
Guided Incident Response
Cyber-Drills
“Red Team” Assessment
The Licensed Entities that are covered by the Cyber-Security Centre of Excellence
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Banks
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Financial Companies
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Financial Investment Companies
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Money Exchanges
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Financial Intermediaries
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Insurance Companies
Initiatives
Last updated on: Thursday 28 July 2022
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