The Cyber Threat Intelligence Initiative 2017 was launched after UBF’s CEOs Advisory Council approved in March a proposal submitted by the Information Security Committee calling for the creation of a cyber intelligence sharing platform.
As the UBF said in a statement this will allow banks to better identify, protect, detect and respond to cyber-attacks,’’ The new platform will enable member banks to seamlessly collect, analyse and share data on cyber threats, while allowing for anonymous reporting and alert management.
Abdul Aziz Al Ghurair, chairman of UBF, said: “Providing a robust platform for collection and sharing of cyber threat intelligence will allow banks to answer the ‘who, what, where, when, why, and how’ questions needed for immediate decisions and actions required.
The new platform will provide member banks with secure and highly sophisticated ways of sharing cyber threat indicators such as hackers scanning for open ports or brute-force scan attacks, Al Ghurair added.
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