In a significant move to reinforce the resilience of the global financial system, the Central Bank of the UAE (CBUAE) has hosted the Cybersecurity Seminar and the 2nd Cybersecurity Drill for BRICS Central Banks. The two-day high-level event was held in Dubai at the Emirates Institute of Finance (EIF) Innovation Hub, underscoring the UAE’s growing role as a hub for international financial and technological collaboration.
The event, organized in collaboration with Brazil’s 2025 BRICS Presidency, brought together leading cybersecurity experts from the central banks of BRICS nations to address the escalating threats targeting the financial sector.
Bolstering Defenses Through Simulation
A key component of the event was the second iteration of the Cybersecurity Drill. This practical exercise exposed members from participating central banks to specially designed, simulated cyberattacks. The drill allowed participants to assess their real-time response capabilities, identify both strengths and areas for improvement, and share critical insights on effective defense techniques.
The hands-on simulation aimed to enhance the collective readiness of the global financial infrastructure against sophisticated cyber threats.
A Proactive Stance on Future Threats
Beyond testing current defenses, the seminar focused heavily on exploring potential future threats posed by advanced and emerging technologies. The discussions provided a platform for experts to exchange knowledge on proactive risk management and develop forward-thinking strategies to stay ahead of the rapidly evolving cyber threat landscape.
H.E. Ebrahim Obaid Al Zaabi, Assistant Governor for Monetary Policy and Financial Stability at the Central Bank of the UAE, highlighted the necessity of this collaborative approach.
“The rapid evolution of technology and cyber threats demands a collective and proactive defense strategy. This initiative demonstrates CBUAE’s commitment to proactive risk management and international collaboration to combat increasingly sophisticated cyber threats targeting the financial sector. By sharing knowledge and testing our joint capabilities, we aim safeguard our systems and financial stability against complex risks.”
About The Central Bank of the UAE (CBUAE)
The Central Bank of the UAE (CBUAE) is the primary regulatory body of the banking and financial system in the United Arab Emirates. Its mandate is to promote monetary and financial stability and to support the UAE’s economic growth through effective supervision and the management of monetary policy.
Source: Zawya
