13 founding banks to share cyber security intelligence in new UBF-ISAC, powered by Anomali ThreatStream
LONDON, UK. – [September 19, 2017] – Anomali, provider of market-leading threat intelligence platforms, has today launched its first Information Sharing and Analysis Center (ISAC) in the United Arab Emirates (UAE). This debut is in partnership with the UAE Banks Federation (UBF), the professional representative body comprising 48 member banks operating in the UAE. It will initially bring together 13 banks’ cyber security data in Anomali’s ThreatStream platform. This will aggregate, correlate, and analyse threat data from multiple sources in real-time to support defensive actions.
The new UBF-ISAC lays the foundations for a fruitful relationship, and aims to enhance the understanding of threat intelligence, showcase the value of collaboration, and provide ongoing training. Founding members include HSBC, CBD, ADCB, Barclays, CBI, Citibank, ENBD, FAB, Mashreq, Noorbank, SCB, ADIB, and NBF. Professional body UBF and the ISAC is set to grow in a phased approach to encompass all UBF’s member banks.
“This partnership is aligned with our 2017 Cyber Threat Intelligence Initiative, and to equip our banks with the tools and intelligence to better identify, protect, detect and respond to cyber-attacks. It will help to establish the importance and value of seamlessly collecting, sharing and analysing data, while allowing for anonymous reporting. Together we can then reduce sensitive data exposure and make more informed decisions and investment strategies,” said H.E. Abdul Aziz Al Ghurair, Chairman of UBF.
The ISAC is powered by Anomali’s ThreatStream platform, which helps to order and interpret the ever growing amount of threat data available to organisations from internal and third-party sources. It aggregates threat intelligence, enriches and dedupes it, removes false positives, and builds clusters of relating information. As well as streamlining threat information sharing and collaboration, the ISAC will enable members to apply context to intelligence, where breach details shared quickly could mean the difference in someone else being attacked.
“We’re excited to enter this first of its kind partnership. The UAE is the financial services hub for the Middle East and it’s essential that it takes the lead in embracing threat intelligence sharing,” commented Jamie Stone, VP EMEA at Anomali. “The Middle East has seen a sharp uptick in cyber-attacks recently, the adoption of new, technologically advanced processes is paramount and sharing intelligence bolsters defenses exponentially.
Anomali delivers earlier detection and identification of adversaries in your organization’s network by making it possible to correlate tens of millions of threat indicators against your real time network activity logs and up to a year or more of forensic log data. Anomali's approach enables detection at every point along the kill chain, making it possible to mitigate threats before material damage to your organization has occurred. Headquartered in Redwood City, Calif., the company is privately held and has received venture capital backing from General Catalyst Partners, GV, Institutional Venture Partners, and Paladin Capital Group, as well as individual investors. To learn more, visit www.anomali.com and follow us on Twitter: @anomali.
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About UAE Banks Federation
Established in 1982, the UAE Banks Federation is a professional representative body comprising 48 member banks operating in the UAE. The Federation advocates all banks' interests, and enhances cooperation and coordination among them, in order to promote and upgrade the UAE's banking industry for the benefit of the banking sector, its customers, and the national economy.
The UAE Banks Federation's mission and objectives are focused on developing and representing the interests of the member banks and defending their rights. The federation plays a major role in raising public awareness around the beneficial role and distinctive financial, economic and social contribution of the banks to the UAE.
The Federation has an Advisory Council consisting of Bank CEOs which oversees the implementation of the policies, follows up on UBF's activities and makes necessary decisions, and 20 specialized technical committees who discuss all relevant banking issues.
UAE Banks Federation
Emad Al Ghadban
Manager of Public Relations & Communication
Phone: +971 2446 7706