- Legal Articles
- Ask Elhais
February 07, 2022|
The UAE has been at the forefront of taking decisive and proactive measures to curb the prevalence of cyber-attacks in the region. The strategy and success in combatting cybercrimes in the region lie in the adoption of more comprehensive and streamlined laws and regulations with stricter penalties.
What constitutes a cybercrime?
Cybercrime involves the use of a computer as an instrument to further illegal ends, such as committing fraud, trafficking in child pornography and intellectual property, identity theft, privacy violations etc. It involves distributing viruses, illegally downloading files, phishing and stealing personal information like bank account details etc. A crime can be thus be distinguished as a ‘cybercrime’, if the key ingredients of the crime include ‘computer’ and ‘internet’. For this reason, cybercrimes are often termed ‘computer crimes’. Of the different types of cybercrimes, ‘economic crimes’, which are the trademark of highly organized criminals, using the most advanced technology to commit such attacks are most prevalent.
The financial sector is without doubt one of the most vulnerable sectors when it comes to cyber-attacks, and such attacks have kept on increasing year or year.
Some of the key measures that can be adopted to prevent such crimes include:
Cybercrimes pose a threat unlike any other; understanding the challenges ahead, the UAE Central Bank has established a new ‘networking and cyber security operation centre’. The centre is headquartered in Abu Dhabi and aims to boost the IT infrastructure of the UAE’s financial sector in defending cyberattacks. The financial sector has had a mass adoption of digitalization which has also opened up its vulnerability to cyberattacks. Coupled with the Covid -19 pandemic and the resultant market disruptions, the risk of cyber-attack has increased with hackers trying to exploit remote working vulnerabilities. The statistical report released by Comparitech shows that cyberattacks in the UAE could have cost a culminated loss of USD seven hundred and forty-six million a year. The Cyber security centre aims to combat the increasing cyberattacks by establishing best practices and guidelines for managing security threats and vulnerabilities, and thereby to protect the information infrastructure of the UAE’s banking and financial system.
Copyright © of this article is retained by the author and/or other copyright owners. We explicitly grant you permission to download a copy, without any alteration, of this article for personal non-commercial research or study, without prior permission or any charge. This article can be utilized on your website or for marketing, however, we grant you permission to host this article on your website and no other rights. This content should not be altered in any way or sold commercially in any format without prior permission of the copyright holder. During reference of this article, full biographic details entailing the name of the author, his designation, the institute and the publishing date of the article shall be provided.
Your email address will not be published. Required fields are marked *
I owe the success of my case to Dr. Hassan's diligent approach. He remained focused, put me at ease and always went the extra mile. Dr. Hassan tirelessly put my case in the best possible light and I cannot thank him enough. I would highly recommend Dr. Hassan - I am grateful to him from the bottom of my heart.
Dr. Hassan Elhais is among the best legal consultants I have ever worked with. He has an amazing ability to reduce complex issues into a simple concept that non-legal people can understand. He consistently develops innovative litigation strategies that help us to achieve our ultimate legal goals.
...the extraordinary effort that has been exerted by the staff, and we specially thank Dr. Hassan Mohsen Alhais. Wishing your continues success & excellence...
I believe everyone should recognize what a difference Dr. Hassan Elhais work has made to people's lives; and especially to our family's life, because we will remain forever grateful to each and every one of his team.
Dr. Hassan Elhais never fears cases that involve exposure and he always gives me his honest assessment of our chances of success, which is invaluable to me.
He aided us not only in providing legal advice but also in all legal issues that required a long term strategic approach to achieve most favorable and optimum outcomes he provided us with high level of professional service.
Dr. Hassan Elhais is a responsible, reputable counsel who operates to high levels of service.
Dr Hassan Elhais is responsive, thorough and creative with his advice, and is a valued advisor and legal consultant.
Regardless of the complexity of the matter I know Dr. Hassan Elhais will consider not only legal strategy but also business practicalities in providing advice and litigation options.
I recommend Dr. Hassan Elhais to anyone who says 'I'm in legal trouble'. I was extremely satisfied with the high standard of his work. He has always been there when I have needed him and I refer all my clients, family and friends to him/his firm.
Dr. Hassan Elhais was very professional and he listened to my needs. He was very prompt, efficient and always kept me informed. Dr. Hassan Elhais's service was excellent and I would definitely recommend him to friends and colleagues.