Dubai SMEs need to enhance cyber security

Dubai - During the visit of Indian Prime Minister Narendra Modi in August 2015, both India and the UAE had agreed to promote cooperation in cyber security.

 Cyber security is a pressing concern globally and Dubai's small and medium enterprises (SMEs) should look into introducing measures to curb the threat, said General Bikram Singh, (retired) former chief of the Indian Army.
"The loss for the corporate sector globally is estimated close to $360 billion in 2015. Cyber measures need to be in-depth, protecting businesses and all their security aspects," said Singh, who was in Dubai to deliver a lecture on 'Building trusted brands: Role of strategic leaders'.
The army chief cited some common business fundamentals between the Indian army and Dubai's SME sector where strategic leadership is the common thread and which needs to be enhanced.
During the visit of Indian Prime Minister Narendra Modi in August 2015, both India and the UAE had agreed to promote cooperation in cyber security.
On how both the UAE and India can benefit from joint dialogue on defence expertise, Singh said: "We are engaging the armies of the immediate neighbourhood in a very meaningful manner. This is done to develop joint capabilities to deal with future challenges. It could be in the form of training, exchange of intelligence and augment the military component to ensure peace and stability in the region."
Kulwant Singh, chief executive officer and managing director of Lama & Carfare Groups and president of the Indian Business and Professional Council, said: "Dubai SMEs will remain the backbone of the UAE economy. Adopting the right business fundamentals becomes very critical for our growth as we are in the age of innovation."
sandhya@khaleejtimes.com