Latest news with #ThreatIntelligencePlatform
Zawya
01-05-2025
- Business
- Zawya
The DFSA launches Innovation Testing Licence explainer guide to boost innovation in the DIFC
Dubai, United Arab Emirates: The Dubai Financial Services Authority (DFSA), the independent regulator of the Dubai International Financial Centre (DIFC), has launched a new explainer guide on its Innovation Testing Licence to support the growth of innovative financial services in or from the DIFC. The Innovation Testing Licence – the DFSA's regulatory sandbox – is a restricted financial services licence that allows eligible firms to test innovative financial products, services, and business models within a controlled environment with temporary modifications to existing regulatory requirements whilst being subject to close supervisory oversight. Launched in 2017, the Innovation Testing Licence remains a cornerstone of the DFSA's approach to support the responsible development of financial technology solutions in the DIFC. Designed as a practical tool for firms interested in applying for the licence, the DFSA's Innovation Testing Licence explainer guide offers clear and accessible information on how to engage with the DFSA's regulatory sandbox, test innovative solutions, and navigate the path to full authorisation. It outlines the purpose of the licence, eligibility criteria, application process, and obligations firms must meet during the testing phase. Justin Baldacchino, Managing Director, Supervision, DFSA, said: "As the financial sector continues to evolve at pace, we recognise the importance of supporting innovation with clear and transparent regulatory guidance. The DFSA's Innovation Testing Licence explainer guide is designed to demystify the process and empower innovators with the knowledge they need to engage with the DFSA and bring transformative financial services to market in the DIFC." The release of the explainer guide builds on the DFSA's long-standing commitment to fostering innovation while ensuring regulatory integrity. Looking ahead: DFSA at the Dubai FinTech Summit 2025 The launch of the DFSA's Innovation Testing Licence explainer guide comes ahead of the Dubai FinTech Summit 2025, taking place on 12-13 May 2025, where the DFSA will play a central role in shaping the global dialogue on regulatory innovation: Leading the Regulatory Forum sessions on Day 1, with topics and speakers curated to shape global regulatory dialogue. Hosting the Cyber and AI Regulatory College, bringing together, thought leaders on AI and cyber risk management from industry, academia, regulators, and standard setters from around the world. Connecting with delegates at the DIFC exhibition stand to discuss the Innovation Testing Licence, Tokenisation Regulatory Sandbox, Threat Intelligence Platform, and the DFSA's regulatory approach to crypto and digital assets – among other key initiatives. Exchanging views on emerging priorities with industry stakeholders through roundtable discussions on key topics such as wealth management, crypto regulation – including a session co-hosted with the Global Blockchain Business Council – and sustainable finance. During the Summit, the DFSA will also share the outcomes of its Expression of Interest as part of the Tokenisation Regulatory Sandbox, a newly launched initiative providing tailored support for the testing of tokenised products and services within the DIFC. This marks another step in the DFSA's commitment to developing robust, future-ready regulatory frameworks for digital and tokenised finance. The DFSA's Innovation Testing Licence explainer guide is now available on the DFSA website. Applications for the Innovation Testing Licence are open year-round, with decisions typically issued within 10-12 weeks of receiving a complete submission, subject to the quality of the application and the responsiveness of the firm to any follow-up questions that the DFSA may have. For further information, please contact: Corporate Communications Dubai Financial Services Authority (DFSA) Level 13, The Gate, West Wing Dubai, UAE Email: DFSAcorpcomms@ About DFSA The Dubai Financial Services Authority (DFSA) is the independent regulator of financial services conducted in and from the Dubai International Financial Centre (DIFC), a purpose-built financial free zone in Dubai, UAE. The DFSA regulates and supervises financial services firms and markets in the DIFC. These include asset managers, banks, custody and trust services, commodities futures traders, fund managers, insurers and reinsurers, traders of securities and fintech firms. We supervise exchanges and trading platforms for both conduct and prudential purposes, overseeing an international securities exchange (Nasdaq Dubai) and an international commodities derivatives exchange (Gulf Mercantile Exchange). The DFSA is also responsible for supervising and enforcing anti-money laundering and countering the financing of terrorism requirements applicable in the DIFC. Please refer to the DFSA's website for more information. Justin Baldacchino is the Managing Director of Supervision at the DFSA, bringing 25 years of international finance experience. He possesses deep expertise in regulatory interpretation, liaison, implementation, risk, regulatory affairs, compliance, anti-money laundering (AML), capital, liquidity, innovation, and technology. Joining the DFSA in 2020, Mr Baldacchino previously served as the Group Head of Regulatory Compliance for ANZ Bank in Australia and held various senior roles at JP Morgan in Hong Kong, including Head of Regulatory Compliance, Asia-Pacific, and Head of International Operational Risk, Asia-Pacific. He also served as Head of Compliance and Risk Governance, Asia for National Australia Bank in Hong Kong. Mr Baldacchino is an alumnus of Melbourne Business School with an MBA and a Post Graduate Diploma, and he holds a Bachelor of Economics from La Trobe University. He completed the Harvard Executive Programme in Regulatory Strategic Management and is a certified AML Specialist. He has served as an Executive Board Member for the Association of Certified Anti-Money Laundering Specialists and is currently a member of The Basel Consultative Group.
Zawya
23-04-2025
- Business
- Zawya
The DFSA and The Union of Arab Securities Authorities lead regional discussion on innovation and regulatory advancement
Dubai, United Arab Emirates: The Dubai Financial Services Authority (DFSA), the independent regulator of the Dubai International Financial Centre (DIFC), in collaboration with the Union of Arab Securities Authorities (UASA), hosted a high-level Regulatory Insights Session focused on fostering innovation across the financial services sector in the Arab region. Held in the DIFC, the session brought together senior representatives from both financial regulatory and capital market authorities from the region to explore opportunities, challenges, and regulatory approaches in the rapidly evolving financial services landscape. The session, which was held during the Dubai AI Week 2025, served as a platform for open dialogue on the integration of financial technology, digital assets, artificial intelligence, and other emerging innovations into regulatory frameworks. It also emphasised the importance of regional cooperation among Arab securities regulators to support sustainable growth, investor protection, and market integrity. Fadel Al Ali, Chairman of the DFSA, welcomed the initiative, stating: 'Innovation is no longer a concept of the future – it is a present-day imperative. At the DFSA, we believe that by fostering collaborative dialogue and sharing regulatory insights, we can build a dynamic, forward-looking financial ecosystem that balances innovation with strong regulatory safeguards. Our partnership with the Union of Arab Securities Authorities reflects a shared commitment to shaping a resilient and competitive financial future for Dubai, the United Arab Emirates, and the wider region.' HE Dr Tamy Bin Ahmed Bin Ali Al-Binali, Chairman of the UASA, added: 'Our region is rich in opportunity, and innovation is key to unlocking its full potential. This session marks an important step in aligning regulatory visions and approaches across Arab securities authorities. Through collaboration, we aim to empower our markets, ensure investor confidence, and embrace technologies that are reshaping financial services globally.' The event featured sessions on various topics such as the DFSA's Innovation Testing Licence, the DIFC financial services ecosystem, and the role of regional cooperation in accelerating innovation. The DFSA also took the opportunity to provide an update on its Cyber Threat Intelligence Platform. Established in 2020 as the first regulator-led cyber threat intelligence platform in the Middle East region, the DFSA Threat Intelligence Platform plays a critical role in safeguarding and enhancing the cybersecurity landscape within the DIFC. Businesses are encouraged to leverage and capitalise on the platform to strengthen their cyber defence with actionable intelligence. Since inception, the DFSA's Threat Intelligence Platform has issued more than 46 million compromise indicators to users a major milestone underscoring the platform's impact. The DFSA also plans to scale the Threat Intelligence Platform with new data feeds to promote further threat intelligence and information sharing. Find out more about the DFSA's Threat Intelligence Platform. The Regulatory Insights session included a tour of the DIFC Innovation Hub – a thriving facility which aims to generate new economic value by fostering innovation, enterprise, and talent across various sectors especially in future-orientated industries. The session concluded with a shared commitment to deepen cooperation and knowledge exchange through future joint initiatives. For further information, please contact: Corporate Communications Dubai Financial Services Authority (DFSA) Level 13, The Gate, West Wing Dubai, UAE Tel: +971 (0)4 362 1500 Email: DFSAcorpcomms@
Hi Dubai
05-02-2025
- Business
- Hi Dubai
DFSA DFSA Unveils 2025-2026 Business Plan to Drive Regulatory Excellence and Innovation
The Dubai Financial Services Authority (DFSA) has announced its Business Plan for 2025-2026, titled Advancing Regulatory Excellence and Innovation. The plan reinforces the Dubai International Financial Centre (DIFC) as a leading global financial hub and aligns with Dubai's Economic Agenda D33, Digital Dubai, and the DIFC 2030 Strategy. The Business Plan outlines four key strategic themes: Delivery : Ensuring a robust and responsive regulatory framework. : Ensuring a robust and responsive regulatory framework. Engagement : Strengthening industry relationships and fostering collaboration. : Strengthening industry relationships and fostering collaboration. Innovation : Leveraging technological advancements to enhance operations. : Leveraging technological advancements to enhance operations. Sustainability: Supporting economic, environmental, and social sustainability initiatives. Fadel Al Ali, Chairman of the DFSA, emphasized the commitment to maintaining international regulatory standards and digital transformation. 'By enhancing our regulatory frameworks and embracing innovation, we aim to support DIFC's growth and contribute to Dubai's prosperity,' he said. Key priorities for 2025-2026 include: Reinforcing Risk-Based Regulation : Strengthening DFSA's approach to innovation, aligning with global standards, and collaborating with regulatory bodies. : Strengthening DFSA's approach to innovation, aligning with global standards, and collaborating with regulatory bodies. Advancing Innovation and Technology : Adapting regulatory frameworks to address AI and fintech developments while ensuring market integrity. : Adapting regulatory frameworks to address AI and fintech developments while ensuring market integrity. Fighting Financial Crime and Enhancing Cybersecurity : Expanding measures to combat financial crime and strengthening cyber resilience through the international expansion of the Threat Intelligence Platform. : Expanding measures to combat financial crime and strengthening cyber resilience through the international expansion of the Threat Intelligence Platform. Investing in Talent: Focusing on workforce development, particularly nurturing Emirati professionals to build a future-ready organization. Ian Johnston, Chief Executive of the DFSA, highlighted the importance of agility and collaboration in sustaining DIFC's global standing. 'Our plan ensures proportionate enforcement, streamlined licensing, and regulatory excellence to navigate an evolving financial landscape,' he said. With this strategic roadmap, the DFSA aims to bolster DIFC's position as a premier financial hub, fostering growth and stability in the region. News Source: Emirates News Agency
Associated Press
28-01-2025
- Business
- Associated Press
Cyware Launches Industry's First Pre-Configured Threat Intelligence Platform with Team Cymru
Cyware, the leading provider of threat intelligence management, low-code/no-code security automation, and cyber fusion solutions, today announced an important collaboration with Team Cymru to pre-configure Team Cymru's industry-leading threat feeds into Cyware's Threat Intelligence Platform (TIP). This packaged solution delivers real-time visibility into botnets, malware, command and control (C2) infrastructure, and external malicious activity, empowering organizations to detect and respond faster to even the most sophisticated adversaries. By incorporating Team Cymru's threat feeds—including the Botnet Analysis and Reporting Service (BARS) feed and the Controller (C2) Feed—into Cyware's advanced TIP, organizations gain access to more accurate and up-to-date intelligence. This enhanced intelligence is designed to allow security teams to identify, analyze, and mitigate malware and botnets with precision and speed to help fortify their defenses against cyberattacks. 'Real-time, actionable intelligence is crucial for effective cybersecurity operations,' said Sachin Jade, Chief Product Officer at Cyware. 'By offering Team Cymru's unparalleled threat feeds into Cyware's advanced TIP, we are equipping organizations with a consolidated robust platform and insights they need to proactively identify and neutralize threats faster and more cost-effectively—making what would take security teams months to build and implement down to days.' With this solution, customers benefit from approximately 10,000 unique IPs daily and the processing of approximately 6-7 million unique events, providing detailed threat indicators and attributes that are often missing in traditional threat feeds. When combined with Cyware's operationalized threat intelligence capabilities, it is designed to enable security teams to: Stop malware and DDoS attacks before they impact networks and infrastructure Harden network defenses by integrating threat indicators with firewalls, intrusion prevention systems (IPS), and intrusion detection systems (IDS) Automate threat hunting for DNS-based attacks and monitor malicious communications Gain geolocation, victimology information, and detailed campaign histories to contextualize threats 'The collaboration between Team Cymru and Cyware represents a significant innovation leap forward in threat intelligence operationalization,' said Jeff Vosburg, President of Team Cymru. 'With this strategic integration, we're helping organizations take a proactive approach to cybersecurity, enabling them to strengthen their defenses against the growing number of adversaries.' The combined solution also offers unique and critical insights into malware families, unique control protocols, and encryption mechanisms, allowing organizations to prioritize and block malicious activity more effectively. With these capabilities, Cyware and Team Cymru are redefining what it means to stay ahead of cyber threats as global adversaries gear up for disruption. For more information on Cyware and Team Cymru's integration, visit About Cyware Cyware delivers an innovative approach to cybersecurity that unifies threat intelligence, automation, threat response, and vulnerability management with data insights gleaned from assets, users, malware, attackers, and vulnerabilities. Cyware's Cyber Fusion platform integrates SOAR and TIP technology, enabling collaboration across siloed security teams. Cyware is widely deployed by enterprises, government agencies, and MSSPs, and is the leading threat-intelligence sharing platform for global ISACs and CERTs. About Team Cymru Team Cymru's mission to Save and Improve Human Lives is fulfilled by empowering security teams around the world to track and disrupt the most sophisticated bad actors and malevolent infrastructures. Powered by the Pure Signal™ platform, the largest source of context-enriched external threat intelligence, our Enterprise and Government customers gain real-time visibility of vulnerabilities and malicious internet activity beyond network borders to proactively close security gaps and accelerate incident response across organizations and third-party ecosystems. Its Community Services provides no-cost threat detection, alerting, DDoS mitigation, and threat intelligence to more than 140 CSIRT teams across 86+ countries. Learn more at Dan Chmielewski Madison Alexander PR 949-231-2965 SOURCE: Cyware Copyright Business Wire 2025. PUB: 01/28/2025 06:00 AM/DISC: 01/28/2025 06:00 AM
