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

  • 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).

  • China to impose tariffs of 34% on all US goods

    China has announced a slew of additional tariffs and restrictions against US goods as a countermeasure to sweeping tariffs imposed by US President Donald Trump. The Finance Ministry said it would impose additional tariffs of 34 per cent on all US goods from April 10.

  • Shares bruised, dollar crumbles as Trump tariffs stir recession fears

    Stocks limped to the end of the week on Friday, the dollar was set for its worst week in a month while gold flirted with a record peak as investors feared US President Donald Trump's sweeping tariffs would tip the global economy into a recession.

  • Wall Street futures sink as tariffs fuel recession fears

    US stock index futures tumbled on Thursday after President Donald Trump's sweeping tariffs on major trade partners heightened fears of an all-out trade war that could push the global economy into a recession.