QIB to sponsor information security conference for financial institutions

 30 Oct 2017 - 0:38

The Peninsula

Qatar Islamic Bank (QIB), Qatar’s leading Islamic Bank, will sponsor the 4th Annual Conference for Information Security in Financial Institutions (ISFS).
The conference, which is held under the patronage of HE Sheikh Abdullah bin Nasser bin Khalifa Al Thani, Prime Minister and Minister of Interior, is organised by the Qatar Central Bank (QCB) and will take place on November 5 and 6, 2017 at Sheraton Grand Doha Resort and Convention Hotel .
The conference, being held this year under the title “Cyber-hacking and its Impact on the Economy”, will host keynote speakers including HE Jassim bin Saif Al Sulaiti, Minister of Transport and Communication; Lord Stevens, Former Metropolitan Police Commissioner – UK, and Daniel L Glaser, Principal at the Financial Integrity Network, among many other prominent figures in the field.
It will be attended by key decision makers from the financial sector and leading information security professionals and researchers.
QIB’s sponsorship is part of its commitment to support Qatar’s economy, the country’s financial sector and the development of a strong information security field. QIB is a leader in information security concerning payment systems and processes, adding 3D secure technology to safeguard online purchases made using a Debit or Credit card.
Additionally, QIB implemented an Anti-Skimming Protection Solution that reduces the risk against thieves obtaining customer credit or debit card information. The bank has successfully implemented a full-fledged customized mobile device management (MDM) solution to facilitate a highly secured connection of critical staff to QIB.
Also, QIB’s critical incident response capabilities has significantly improved after establishing a strategic partnership with a leading Cyber Forensic organization.
“We firmly believe that the ISFS conference is driving the conversation towards the right direction by focusing on significant information security issues and solutions within the financial industry.... Through the interaction of governmental bodies, information security specialists, academics and bankers, it is an educational forum addressing the latest cybersecurity challenges and their impact on the world’s economies,” said Bassel Gamal, Group CEO at QIB.
“QIB believes in the importance of educating both its employees and customers about the information security threats and how to avoid them. Last year, QIB launched a 16-module mandatory information security training programme for all its employees campaigned with testing of effectiveness of the training. At the same time, ongoing authorised phishing campaigns are running to assess the readiness of the staff and training programs are tailored based on the results along with ongoing awareness advisories, alerts and newsletters.
“We are committed to generate awareness about online safety, data security and digital privacy to build cyber-literate people of all ages in Qatar,” continued, Gamal.
 “As we provide more digital services for the convenience of our customers, cybersecurity becomes of paramount importance,” he added.