Notifications

Sunday 03 March 2024


Sunday 03 March 2024

CBUAE: "FATF" Announcement of UAE Completion of the Requirements is a Testament of Concerted National Efforts to Combat Money Laundering and Terrorism Financing

Press Release

Tuesday 06 February 2024


Tuesday 06 February 2024

CBUAE revokes the licence and registration of Smart and Secure Insurance Agent

Press Release

Monday 05 February 2024


Monday 05 February 2024

CBUAE launches the fifth cohort of the Executive Certificate for Risk-Based Supervision Professionals

Press Release

Wednesday 31 January 2024


Wednesday 31 January 2024

CBUAE Maintains the Base Rate at 5.40%

Press Release

Tuesday 30 January 2024


Tuesday 30 January 2024

CBUAE imposes a financial sanction of AED 1.2 million on an insurance company operating in the UAE

Press Release

Monday 29 January 2024


Monday 29 January 2024

Mansour bin Zayed witnesses UAE Central Bank's Golden Jubilee

Press Release

Tuesday 16 January 2024


Tuesday 16 January 2024

Summary Report - Monetary Banking Developments - November 2023

Press Release

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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:

  • Employs information sharing and threat intelligence.

  • Co-ordinates incident response for major incidents that impact an entity or multiple entities.

  • Hones the capability and capacity of entities to respond to cyber-attacks.

  • Evaluates the cyber- resilience of entities through periodic “red team” assessment.

  • 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

  • Banks
  • Financial Companies
  • Financial Investment Companies
  • Money Exchanges
  • Financial Intermediaries
  • Insurance Companies

Initiatives

Cyber War Games Simulation Exercise

Information Sharing Platform

Vulnerability Disclosure Programme

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Last updated on: Thursday 28 July 2022

Total visitors 3698