In the news release, Cross-examining cybercrime: GITEX GLOBAL
2024 sheds light on the innovation-igniting conundrum challenging
industries worldwide, issued 16-Oct-2024 by GITEX GLOBAL 2024 over PR
Newswire, we are advised by the company that in the 4th paragraph,
first sentence: 'damaged' should be 'damage', and 'according to
Cybersecurity Ventures' has been added. The first sentence of the
5th paragraph has been removed, and 'threat' changed to 'AI-driven
fraud' at the end of the paragraph. In the 8th paragraph, first
sentence 'and no fewer than 230 new partnerships have been
finalised between local, regional, and international entities and
enterprises' has been omitted. And in the 9th paragraph '12' has
been changed to '1.2'. The complete, corrected release follows:
Cross-examining cybercrime: GITEX GLOBAL 2024 sheds light on the
innovation-igniting conundrum challenging industries worldwide
- "Cybersecurity Day" marks GITEX
GLOBAL's halfway stage as enlightening agenda reveals the
challenges, threats and opportunities for international tech
community
- "AI is changing the game" – H.E. Dr.
Mohamed Al Kuwaiti, Head of
Cybersecurity for the UAE Government
DUBAI, UAE, Oct. 20,
2024 /PRNewswire/ -- After an action-packed two days
where GITEX GLOBAL 2024 presented exhilarating events
and exhibitions across technology's new frontiers, Wednesday
witnessed another incredible programme as audiences examined the
existing and future cybersecurity landscapes with the world's
foremost experts.
Taking place from 14-18 October at Dubai World Trade Centre (DWTC), GITEX
GLOBAL is the world's largest and best-rated tech event. It
presents a record-breaking 44th edition in 2024 –
welcoming over 6,500 exhibitors, 1,800 startups, 1,200 investors
alongside governments from more than 180 countries.
As GITEX GLOBAL's biggest-ever international edition reached the
halfway stage, "Cybersecurity Day" headlined the Wednesday
schedule. An enlightening series of keynote speeches, fireside
chats, and specialist panels cast a unique spotlight on the urgent
challenges, emerging threats, and innovative opportunities facing
individuals, enterprises, industries, and nations worldwide.
Cross-examining the cybercrime conundrum
With global cybercrime damage projected to reach $10.5 trillion annually by 2025, according to
Cybersecurity Ventures, the international tech community is
determined to ignite a paradigm shift through reinvigorated
determination. This universal attitude was on full display at GITEX
GLOBAL as top CISOs, CIOs, and GRC leaders converged with a unified
mission: establish the foremost line of defence globally.
One of Wednesday's must-attend conference sessions –
'AI-Driven Digital Fraud: Safeguarding the Finance
Industry's Future' – examined how emerging technologies are
being harnessed to overcome the evolving AI-driven
fraud.
H.E. Dr. Mohamed Al Kuwaiti,
Head of Cybersecurity for the UAE Government, revealed that
the country has dispelled millions of threats this year alone
while endorsing AI as a "gamechanger" in leading the industry's
cyber resurgence. He said to GITEX Tech Waves
Podcast: "Cyber awareness is crucial – and AI is
changing the game. The UAE is a financial hub that faced 71 million
attacks in Q1 2024. We are resilient and thwarted these with early
threat detection through AI. It's a hugely beneficial technology
alongside our great partnerships with the world."
Todd Conklin also weighed in
on the positive impact of AI. While acknowledging the potential
repercussions of AI's power when utilised by malicious actors, the
Chief AI Officer & Deputy Assistant Secretary, Cybersecurity
& Critical Infrastructure Protection at the US Department of
the Treasury, added: "The US Treasury runs the largest payments
ecosystem in the entire world. We've leveraged AI models to reduce
fraud by almost $600
million in the last six months. It's becoming increasingly
critical in the counter-fraud space."
Unveiling a new world of limitless possibilities and
potential
In a week where 88% of exhibiting startups are GITEX GLOBAL
debutants, the event is again fulfilling its pledge as a global
cooperation and collaboration catalyst. Heading into Wednesday,
over 13,000 pre-arranged concierge meetings had already taken place
across GITEX GLOBAL and Expand North Star – the world's largest
startup and investment event – with many more a certainty as
companies exhibit transformative solutions that could change the
world.
Huawei shed light on its critical infrastructure and cloud
tech solutions with Dr. Aloysius
Cheang, Chief Security Officer for the Middle East & Central Asia at Huawei, revealing the
staggering rate of cyber attacks worldwide. While calling on
enterprises to ensure stringent security postures, he said:
"Huawei is attacked 1.2 billion times a day on average. This is why
cybersecurity is positioned as a very strategic asset within our
company. Organisations must build a cybersecurity culture through a
security-first, privacy-first approach – and their solutions must
serve their purpose of protecting digital assets."
Cybersecurity and anti-virus provider Kaspersky also
showcased its pioneering Cyber Immunity approach and advanced
threat intelligence solutions on Wednesday as US cyber firm
Fortinet highlighted products and services part of its
cybersecurity platform portfolio. solutions by stc also
introduced visitors to the emerging technologies utilised to
deliver new value to customers.
Elsewhere on day three at GITEX Global 2024, a host of
activations, showcases, and conferences took place at GITEX
Cyber Valley, this year's most anticipated cybersecurity
exhibition and programme hosted by the UAE Cyber Security Council.
An unmissable session saw audiences hear from Brett Johnson – once America's Most Wanted, now
a leading global cybercrime and identity theft expert. During
'Scamming the scammer: Inside the Mind of a Cybercriminal',
he revealed the extent of the virtual underworld while sharing his
life story.
Live Hacks also headlined the GITEX Cyber Valley's Dark Stage as
ethical hackers showcased live demonstrations on AI-powered hacks.
Visitors also got exclusive insights from Santiago Lopez, the world's first million-dollar
hacker, on how to turn hacking skills into a lucrative career
during another special session – 'Face to Face with 1# Million
Dollar Hacker: Who wants to be a hacking millionaire?'.
What next at GITEX GLOBAL 2024?
GITEX GLOBAL 2024 continues Thursday as "Data Centres Universe"
welcomes an ensemble cast of thought leaders and experts to discuss
the future of data management and infrastructure. Sessions
throughout the day's schedule will explore the latest data
technology and sustainable energy solutions alongside data centres'
pivotal role in supporting the exponential growth of digital
services.
Future Mobility will explore the shifting paradigms
of the global auto tech industry with the World Future Economy
Digital Leaders Summit and Global DevSlam among the
many day four highlights.
More information on GITEX GLOBAL, please visit www.gitex.com
Follow GITEX GLOBAL on social media: Facebook
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Hashtag: #GITEXGLOBAL
About GITEX GLOBAL
GITEX GLOBAL, the world's largest tech event, is returning
for its 44th edition at Dubai World Trade Centre from
14-18 October 2024. The 2024 edition
will feature 6,500 exhibitors, and welcome 200,000 tech executives
from 180 countries, converging the best minds, future-focused
government leaders, and the most visionary enterprises and
start-ups to scrutinise, challenge, define, and empower the digital
agendas of the world. Independently rated globally as the world's
best tech show, GITEX GLOBAL's continued expansion is amplified by
the launch of GITEX EUROPE
Berlin, GITEX ASIA Singapore, and GITEX NIGERIA in 2025, as well as the growth of
GITEX AFRICA Morocco leading up to its third
record-breaking edition. More information:
www.gitex.com
About Dubai
World Trade Centre
A global business facilitator since 1979, Dubai World Trade Centre (DWTC) is home
to the region's leading purpose-built convention and exhibition
centre. DWTC provides a platform for connecting people, products,
innovation and ideas from around the world through a dynamic
calendar of international trade exhibitions and its own roster of
sector leading mega events. As a designated free zone,
complemented by award-winning commercial real estate, DWTC plays an
integral role in Dubai and the region's growth story.
Since its inauguration, DWTC has hosted over 6,000 events, with an
estimated economic output of AED 248 billion, attracting over 38
million business visitors to Dubai.
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