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DEWA Scoop IRM Cyber Risk Strategy Award

Dubai Electricity and Water Authority (DEWA) Scoop Institute of Risk Management

Cyber Risk Strategy of the Year Award

LONDON: The Global Risk Management Awards 2016 were held at a glittering ceremony in Park Lane, London. We are delighted to announce that DEWA have scooped the coveted Cyber Risk Strategy of the Year Award 2016, for the work carried out by its Cyber Risk Task Force.

Cyber Risk International were cited as highly commended in this category.

Over 400 risk leaders from 40 countries were present, at this the pinnacle of the risk calendar.

Entrants were received from as far afield as: Canada, Dubai, Indonesia, Malaysia, Manila and Nigeria, as well as closer to home - truly demonstrating IRM’s global reach.

In a year that has seen a fast pace of change in the global risk landscape: from cyber-attacks to bribery and oil price fluctuations to name but a few, the time has never been more fitting to celebrate those risk champions making a difference.

His Excellency Saeed Mohammed Al Tayer, Managing Director & CEO of DEWA said:

“I am delighted to receive this award on behalf of Dubai Electricity and Water Authority at the Global Risk Awards from the Institute of Risk Management this evening. This demonstrates the importance of working to achieve the Smart Dubai initiative of His Highness Sheikh Mohammad bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, Dubai to become the smartest city in the world.

Cyber Risk is a factor that requires constant vigilance. By accelerating our mitigation strategy through a multidisciplinary Cyber Risk Taskforce, DEWA has been able to rapidly adopt best practices, and innovate to reduce the possibility and potential impact of the risks that could affect its operations“.

IRM’s Chairman, Jose Morago said:

“Cyber Risk is one of the most challenging enterprise risks for organisations and government across the world. Tonight’s award recognises DEWA’s robust approach Cyber Security, and to some extent the level progress and investment in risk management in the UAE region.

Competition is always fierce and our judges deliberated long and hard over the entries. DEWA’s entry was particularly thorough and really demonstrated a positive risk assessment of the authorities’ readiness to deal with such threats. 29 immediate strategic and tactical recommendations came out of the exercise demonstrating the importance of improving the cyber security maturity of DEWA’s people, processes and technology.

As the world’s leading enterprise risk management body we are uniquely placed to identify and reward outstanding performance and celebrate this at our equivalent of the Risk Oscars“.

The awards are kindly supported by:

AXELOS

Enterprise Risk Magazine

City of London

QBE

Willis Towers Watson; and

Zurich.

This was posted in Bdaily's Members' News section by Victoria Robinson .