As part of its role in providing reliable and accurate credit reports and ensuring the security of its systems, Al Etihad Credit Bureau (AECB), a federal government company which provides credit reports on individuals and companies in the UAE, recently signed a Memorandum of Understanding (MoU) with the Telecommunications Regulatory Authority (TRA) initiative, Computer Emergency Response Team (aeCERT). The agreement will build cooperation and joint action initiatives between the parties, to increase awareness about the information security and to strengthen IT systems.
The agreement was signed by Marwan Ahmad Lutfi, CEO of AECB, and HE Mohamed Nasser Al Ghanim, Director General of the TRA, at the Bureau’s premises in Dubai.
aeCert provides services to government companies and agencies to enhance the confidentiality and security standards of information technology and security systems by providing the necessary guidance and e-instructions to manage potential security threats. This security guidance will help the Bureau to protect its security systems from risks of conflicts in cyberspace, prevent potential viruses and network intrusions and respond to computer security incidents.
Commenting on the MoU, Marwan Ahmad Lutfi, said: “The confidentiality and security of data provided by the banks and financial institutions is a major priority for Al Etihad Credit Bureau. The Bureau continuously strives to build strong relationships and partnerships with various government and private entities in order to provide the highest levels of information security.”
Lutfi added: “The MoU will help raise confidence in Al Etihad Credit Bureau practices. Given today’s growing number of cyber threats, the Bureau is committed to enhancing the efficient and secure handling of individuals and companies’ credit information.”
H.E. Mohamed Nasser Al Ghanim, Director General of theTRA, said: “The MoU reflects the important role played by aeCERT and reinforces the team’s position as a leading, reliable entity specialised in combating cyber-crimes across the region. The TRA appreciates Al Etihad Credit Bureau’s trust and confidence in the team’s expertise and experience in data security, emergency management and computer evidence investigation.”
In general, aeCert is aiming to monitor all electronic threats across the globe and issue warnings and advisory notices related to electronic security incidents, preparing entities to address these occurrences. aeCert has also been conducting the necessary research and analysis to measure the quality of information security and provide advanced technical services which are designed to detect pre-electronic threats.