Middle East Family Office Cybersecurity & AI Conference 2024
Wealth in the Middle East is increasing, and Family Offices are set to be pivotal in driving the UAE's economic expansion. The inaugural Middle East Family Office Cybersecurity & AI Conference 2024, provides an unparalleled platform for family office professionals and wealth managers to sustain and grow the wealth in a safe way. This conference is dedicated to exploring the critical intersection of cybersecurity and artificial intelligence within the context of family office operations and wealth management.
Date: November 22, 2024 Location: Dubai, UAE
Landscape
In the past 12 to 24 months, 43% of family offices have faced a cyberattack, with 25% of them experiencing three or more incidents. Despite this, almost one-third (31%) of these offices lack a formal cybersecurity strategy, and 43% acknowledge that their existing strategy could be improved. With over 22% identifying cyberattacks as a significant risk this year, proactive measures are crucial. Currently, only 15% are prioritizing cybersecurity as a top concern.
Key Conference Highlights
Asset Protection: Family offices manage significant financial assets and investments. Cybersecurity defends these assets against theft, fraud, and unauthorized intrusion, while AI enhances threat detection and minimizes financial vulnerabilities.
Information Privacy: Family offices handle sensitive personal and financial information pertaining to high-net-worth individuals. Strong cybersecurity protocols ensure this information remains confidential, safeguarding against unauthorized breaches and ensuring privacy compliance.
Reputation Safeguarding: Security breaches can significantly damage the standing of family offices and wealth managers. Maintaining robust cybersecurity measures demonstrates a dedication to client protection, thereby preserving reputation.
Regulatory Adherence: It’s crucial for family offices to comply with industry regulations to avoid legal and financial consequences. Effective cybersecurity practices ensure compliance and shield against potential penalties.
Insider Threat Reduction: The intimate work environment of family offices can be vulnerable to insider threats. Both cybersecurity and AI are essential in identifying and mitigating risks from within the organization.
Advanced Risk Management: AI excels in analyzing extensive data sets to uncover patterns and evaluate investment risks, supporting strategic decision-making and portfolio management.
Fraud Detection: AI systems are adept at recognizing unusual or fraudulent transactions by analyzing data patterns and behaviors, thus reducing the likelihood of financial deception.
Dynamic Threat Response: As cyber threats evolve, AI's ability to adapt and learn from ongoing data makes it a critical tool in identifying and countering new security challenges.
Agenda
10:00 am - 10:30 am Panel: Strategies for Asset Protection and Fraud Detection in the Digital Age
10:40 am - 11:10 am Panel: Privacy and Protection in Family Office Operations
11:20 am - 12:00 pm Panel: Compliance and Risk Management for Family Offices
1:00 pm - 1:30 pm Panel: Reputation at Risk: The Impact of Cybersecurity Breaches on Family Offices
1:40 pm - 2:10 pm Panel: Insider Threats and AI: Mitigating Risks from Within
2:20 pm - 3:00 pm Panel: The Evolving Cyber Threat Landscape: Dynamic Responses with AI
3:10 pm - 3:40 pm Panel: Integrating Cybersecurity into ESG Strategies: A Path to Sustainable Wealth Management
*Agenda is subject to possible change
Delegates & Speakers
Family Offies, Wealth Management Companies, Insurance Companies, Cybersecurity Companies, Government Authorities
The event is exclusively by invitation and upholds the highest standards of privacy.