Cybercrime projected to cause $10.5 trillion in damages by 2025

Shutterstock (For illustration)

The world's leading cybersecurity figureheads have been discussing the challenges and costly risks associated with ransomware, crypto and Generative AI at GITEX Global, taking place at Dubai's World Trade Centre.

During his keynote address, the UAE Government’s Head of Cybersecurity, Dr. Mohamed Al-Kuwaiti, stressed that the nation is working closely with partners to protect and defend people and organisations from any potential threats. 

He also highlighted the UAE Cybersecurity Council's work across the nation and how it has been collaborating with partners to protect and defend people and organisations online.

"We strive to continuously innovate and form partnerships with entities, nations, and governments. Our vision is to create a great place to collaborate, work, and serve the entire world," Al-Kuwaiti added.

GITEX Global saw the debut of GITEX Cyber Valley, hosted by the UAE Cybersecurity Council. The Cyber Valley hosts various hackathons with over 500 white hackers participating across five challenges to solve global tech issues. Cyber Valley participants can also explore X-Labs Security, a cutting-edge platform for technical talks and the latest product demos.

Leading cybersecurity organisations including Huawei, Netscout, ESET, Kaspersky, Norton, Palo Alto, Fortinet, and more, are exhibiting at the event to showcase how their solutions are helping organisations protect their most precious assets.

More from Business News

  • UK's Jaguar Land Rover to halt US shipments over tariffs

    Jaguar Land Rover will pause shipments of its Britain-made cars to the United States for a month, it said on Saturday, as it considers how to mitigate the cost of President Donald Trump's 25% tariff.

  • US starts collecting Trump's new 10% tariff

    U.S. customs agents began collecting President Donald Trump's unilateral 10% tariff on all imports from many countries on Saturday, with higher levies on goods from 57 larger trading partners due to start next week.

  • Nasdaq set to confirm bear market as Trump tariffs trigger recession fears

    The tech-heavy Nasdaq Composite index was set to confirm it was in a bear market on Friday, down more than 20 per cent from a recent record high, as investors fled riskier assets on fears that tariffs imposed by President Donald Trump could spark a trade war and tip the global economy into recession.

  • Dana Gas and Crescent Petroleum exceed 500M boe in Khor Mor field

    UAE-based Dana Gas and Crescent Petroleum, alongside their partners in the Pearl Petroleum consortium, have said the cumulative production from their Khor Mor project, the largest non-associated gas field in Iraq, has exceeded 500 million barrels of oil equivalent (boe).

On Virgin Radio today

  • Non Stop Hits

    Midnight - 8:00am

    The UAE's #1 Hit Music Station with no interruptions

  • Avery

    8:00am - 11:00am

    Keeping things chill to start Sunday

Trending on Virgin Radio