Latest news with #DataProtectionRegulations
Mid East Info
26-02-2025
- Business
- Mid East Info
Dubai and DIFC selected to host 2026 Global Privacy Assembly - Middle East Business News and Information
The Global Privacy Assembly (GPA) has announced that Dubai International Financial Centre (DIFC), the leading global financial centre in the Middle East, Africa, and South Asia (MEASA) region, has been selected to host the GPA conference in 2026. The Global Privacy Assembly is an international group, established in 1979 as the premier global forum for data protection and privacy authorities. The Assembly is comprised of leading global Information and Privacy Authorities and Commissioners. It is an independent body that operates primarily to uphold information rights in the public interest, promoting openness by public bodies and data privacy for individuals. DIFC's selection reflects the Centre's reputation of being at the forefront of data protection and privacy regulation in the region. With its robust Data Protection Law (DIFC Law No. 5 of 2020), DIFC ensures the highest standards of privacy and data security, fostering trust among global businesses and multi-jurisdictional stakeholders. As a key jurisdiction that facilitates secure, cross-border data flows, DIFC is committed to enabling innovation while ensuring that data is handled ethically and responsibly. Hosting the Global Privacy Assembly in 2026 will further highlight DIFC's leadership in privacy governance, solidifying its reputation as a global hub for privacy policy, regulatory excellence, and international cooperation. Hosting the GPA 2026 also provides DIFC with a seat on the Assembly's Executive Committee. The event will be open to private industry including technology companies, consultants, law firms and non-governmental organisations as well as data protection authorities and other similar organisations admitted to the GPA as Members and Observers. His Excellency Essa Kazim, Governor of DIFC said: 'DIFC has set a very high bar for comprehensive privacy and data protection regulation, initially in the Middle East and is now gaining global recognition. It will be an honour to host the Global Privacy Assembly in 2026. The event will allow DIFC to showcase our world-class standards and ensure GPA members become ambassadors for Dubai.' The last Assembly was hosted in 2024 by the Jersey Office of the Information Commissioner. When announcing that Dubai had won the bid to host the 2026 event, Jersey's Information Commissioner Paul Vane and the Global Privacy Assembly's Executive Committee, both expressed confidence in the capacity of the DIFC Data Protection Commissioner's Office to organise an insightful and engaging programme. DIFC's world-class legal and regulatory framework is based on international standards and principles of common law. Over the years, the Centre's laws and regulations have continued to evolve, reflecting global best practice. Recently, Data Protection Regulations were amended to address safer, and more ethical management of personal data processing and operations, with Regulation 10, a first-of-its-kind inclusion introduced on the processing of personal data via autonomous and semi-autonomous systems. A Digital Assets Law and Law of Security were introduced, which set out legal characteristics of a digital asset, its proprietary nature, how it may be controlled, transferred, and dealt with by interested parties. Securing the Global Privacy Assembly is one of several other milestones this year for the DIFC Data Protection Commissioner's Office, including joining the Global Cooperation Arrangement for Privacy Enforcement (CAPE) and gaining Associate Membership in the Global Cross Border Privacy Rules (CBPR) Forum.
Zawya
24-02-2025
- Business
- Zawya
Dubai and DIFC selected to host 2026 Global Privacy Assembly
Dubai, UAE: The Global Privacy Assembly (GPA) has announced that Dubai International Financial Centre (DIFC), the leading global financial centre in the Middle East, Africa, and South Asia (MEASA) region, has been selected to host the GPA conference in 2026. The Global Privacy Assembly is an international group, established in 1979 as the premier global forum for data protection and privacy authorities. The Assembly is comprised of leading global Information and Privacy Authorities and Commissioners. It is an independent body that operates primarily to uphold information rights in the public interest, promoting openness by public bodies and data privacy for individuals. DIFC's selection reflects the Centre's reputation of being at the forefront of data protection and privacy regulation in the region. With its robust Data Protection Law (DIFC Law No. 5 of 2020), DIFC ensures the highest standards of privacy and data security, fostering trust among global businesses and multi-jurisdictional stakeholders. As a key jurisdiction that facilitates secure, cross-border data flows, DIFC is committed to enabling innovation while ensuring that data is handled ethically and responsibly. Hosting the Global Privacy Assembly in 2026 will further highlight DIFC's leadership in privacy governance, solidifying its reputation as a global hub for privacy policy, regulatory excellence, and international cooperation. Hosting the GPA 2026 also provides DIFC with a seat on the Assembly's Executive Committee. The event will be open to private industry including technology companies, consultants, law firms and non-governmental organisations as well as data protection authorities and other similar organisations admitted to the GPA as Members and Observers. His Excellency Essa Kazim, Governor of DIFC said: 'DIFC has set a very high bar for comprehensive privacy and data protection regulation, initially in the Middle East and is now gaining global recognition. It will be an honour to host the Global Privacy Assembly in 2026. The event will allow DIFC to showcase our world-class standards and ensure GPA members become ambassadors for Dubai.' The last Assembly was hosted in 2024 by the Jersey Office of the Information Commissioner. When announcing that Dubai had won the bid to host the 2026 event, Jersey's Information Commissioner Paul Vane and the Global Privacy Assembly's Executive Committee, both expressed confidence in the capacity of the DIFC Data Protection Commissioner's Office to organise an insightful and engaging programme. DIFC's world-class legal and regulatory framework is based on international standards and principles of common law. Over the years, the Centre's laws and regulations have continued to evolve, reflecting global best practice. Recently, Data Protection Regulations were amended to address safer, and more ethical management of personal data processing and operations, with Regulation 10, a first-of-its-kind inclusion introduced on the processing of personal data via autonomous and semi-autonomous systems. A Digital Assets Law and Law of Security were introduced, which set out legal characteristics of a digital asset, its proprietary nature, how it may be controlled, transferred, and dealt with by interested parties. Securing the Global Privacy Assembly is one of several other milestones this year for the DIFC Data Protection Commissioner's Office, including joining the Global Cooperation Arrangement for Privacy Enforcement (CAPE) and gaining Associate Membership in the Global Cross Border Privacy Rules (CBPR) Forum. About Dubai International Financial Centre Dubai International Financial Centre (DIFC) is one of the world's most advanced financial centres, and the leading financial hub for the Middle East, Africa, and South Asia (MEASA), which comprises 77 countries with an approximate population of 3.7bn and an estimated GDP of USD 10.5trn. With a 20-year track record of facilitating trade and investment flows across the MEASA region, the Centre connects these fast-growing markets with the economies of Asia, Europe, and the Americas through Dubai. DIFC is home to an internationally recognised, independent regulator and a proven judicial system with an English common law framework, as well as the region's largest financial ecosystem of 46,000 professionals working across over 6,900 active registered companies – making up the largest and most diverse pool of industry talent in the region. The Centre's vision is to drive the future of finance through cutting-edge technology, innovation, and partnerships. Today, it is the global future of finance and innovation hub offering one of the region's most comprehensive FinTech and venture capital environments, including cost-effective licensing solutions, fit-for-purpose regulation, innovative accelerator programmes, and funding for growth-stage start-ups. Comprising a variety of world-renowned retail and dining venues, a dynamic art and culture scene, residential apartments, hotels, and public spaces, DIFC continues to be one of Dubai's most sought-after business and lifestyle destinations. For further information, please visit our website: or follow us on LinkedIn and X @DIFC. For media enquiries, please contact: Nivine William | Nisha Celina Burson | | Rasha Mezher | Dubai International Financial Centre Authority Manager, Marketing & Corporate Communications
Trade Arabia
24-02-2025
- Business
- Trade Arabia
DIFC selected to host 2026 Global Privacy Assembly
The Global Privacy Assembly (GPA) has announced that Dubai International Financial Centre (DIFC), the leading global financial centre in the Middle East, Africa, and South Asia (MEASA) region, has been selected to host the GPA conference in 2026. The Global Privacy Assembly is an international group, established in 1979 as the premier global forum for data protection and privacy authorities. The assembly comprises leading global Information and Privacy Authorities and Commissioners. It is an independent body that operates primarily to uphold information rights in the public interest, promoting openness by public bodies and data privacy for individuals, a statement said. DIFC's selection reflects the centre's reputation of being at the forefront of data protection and privacy regulation in the region. With its robust Data Protection Law (DIFC Law No. 5 of 2020), DIFC ensures the highest standards of privacy and data security, fostering trust among global businesses and multi-jurisdictional stakeholders. As a key jurisdiction that facilitates secure, cross-border data flows, DIFC is committed to enabling innovation while ensuring that data is handled ethically and responsibly. Hosting the Global Privacy Assembly in 2026 will further highlight DIFC's leadership in privacy governance, solidifying its reputation as a global hub for privacy policy, regulatory excellence, and international cooperation. Hosting the GPA 2026 also provides DIFC with a seat on the Assembly's Executive Committee. The event will be open to private industry including technology companies, consultants, law firms and non-governmental organisations as well as data protection authorities and other similar organisations admitted to the GPA as Members and Observers. Essa Kazim, Governor of DIFC said: 'DIFC has set a very high bar for comprehensive privacy and data protection regulation, initially in the Middle East and is now gaining global recognition. It will be an honour to host the Global Privacy Assembly in 2026. The event will allow DIFC to showcase our world-class standards and ensure GPA members become ambassadors for Dubai.' The last Assembly was hosted in 2024 by the Jersey Office of the Information Commissioner. When announcing that Dubai had won the bid to host the 2026 event, Jersey's Information Commissioner Paul Vane and the Global Privacy Assembly's Executive Committee, both expressed confidence in the capacity of the DIFC Data Protection Commissioner's Office to organise an insightful and engaging programme. DIFC's world-class legal and regulatory framework is based on international standards and principles of common law. Over the years, the Centre's laws and regulations have continued to evolve, reflecting global best practice. Recently, Data Protection Regulations were amended to address safer, and more ethical management of personal data processing and operations, with Regulation 10, a first-of-its-kind inclusion introduced on the processing of personal data via autonomous and semi-autonomous systems. A Digital Assets Law and Law of Security were introduced, which set out legal characteristics of a digital asset, its proprietary nature, how it may be controlled, transferred, and dealt with by interested parties.
Globe and Mail
14-02-2025
- Business
- Globe and Mail
Hardware Security Modules (HSM) Market 2032 Trends: Expected to Grow at a CAGR of 10.9%
Hardware Security Modules (HSM) Market Research Report Information By Type (LAN-Based HSM, PCIe-Based and USB-Based), By Application (Payment Processing, Code and Document Signing and Authentication), By End-Users (Government, Energy and Utilities and Healthcare), and By Region (North America, Europe, Asia-Pacific, and Rest Of The World) - Industry Forecast Till 2032 The Hardware Security Modules (HSM) Market is experiencing substantial growth, driven by the increasing demand for data encryption, cybersecurity solutions, and secure key management. In 2023, the market size was valued at USD 1.34 billion and is projected to grow from USD 1.49 billion in 2024 to USD 3.4 billion by 2032, exhibiting a compound annual growth rate (CAGR) of 10.9% during the forecast period (2024–2032). Key Companies in the hardware security modules (HSM) market includes Gemalto NV (Amsterdam) Thales e-Security Inc. (U.S.) Utimaco GmbH (Germany) International Business Machines Corporation (U.S.) FutureX (U.S.) Hewlett-Packard Enterprise Development L.P. (U.S.) SWIFT (Belgium) Atos S.E. (France) Ultra-Electronics (U.K.) Yubico (U.S.) Download Sample Pages Rising Cybersecurity Threats and Data Protection Regulations The increasing frequency of cyberattacks and data breaches has heightened the demand for secure cryptographic key management. Stringent regulations such as GDPR, PCI DSS, and HIPAA require organizations to implement robust security measures, fueling HSM adoption. Growing Adoption of Digital Payments and Blockchain The surge in cashless transactions, online banking, and digital wallets has amplified the need for secure cryptographic operations. Blockchain-based applications, including cryptocurrency transactions, rely heavily on HSMs for secure private key management. Expanding Use of Cloud-Based HSM Solutions The shift towards cloud computing and hybrid IT environments has led to an increased demand for cloud-based HSMs (HSM as a Service). Cloud HSMs offer organizations scalable security solutions without the need for on-premise hardware. Growth in IoT and Connected Devices The proliferation of Internet of Things (IoT) devices has created vulnerabilities that require enhanced security solutions. HSMs provide end-to-end encryption and authentication for IoT ecosystems, ensuring secure communication between devices. Market Segmentation By Type General-Purpose HSM – Used for encryption, authentication, and data protection across industries. Payment HSM – Specifically designed for securing financial transactions and protecting sensitive payment data. By Deployment Mode On-Premises HSM – Preferred by industries requiring full control over security infrastructure. Cloud-Based HSM (HSM as a Service) – Gaining popularity for its scalability and flexibility. By Application Banking, Financial Services & Insurance (BFSI) – Leading sector due to the need for secure transactions and compliance with financial regulations. Government & Defense – Utilized for protecting national security data and securing government communications. Healthcare – Used for securing electronic health records (EHRs) and patient data against cyber threats. Retail & E-commerce – Ensures secure payment processing and protects customer data. Telecommunications – Provides encryption for secure data transmission across networks. Procure Complete Research Report Now: By Region North America – Dominates the market due to strong cybersecurity regulations and high adoption of digital security solutions. Europe – Growth driven by GDPR compliance and increasing investments in digital security infrastructure. Asia-Pacific – Fastest-growing region due to the rapid expansion of e-commerce, fintech, and digital banking in countries like China and India. Rest of the World (RoW) – Emerging adoption in Latin America and the Middle East due to rising cybersecurity awareness. Future Outlook The Hardware Security Modules (HSM) market is set for significant expansion, fueled by rising cybersecurity concerns, regulatory compliance, and the increasing digital transformation of businesses. As enterprises continue to shift towards cloud computing, blockchain, and IoT security, the demand for scalable and flexible HSM solutions will surge. 4K Camera Market About Market Research Future: At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research Consulting Services. The MRFR team have a supreme objective to provide the optimum quality market research and intelligence services for our clients. Our market research studies by Components, Application, Logistics and market players for global, regional, and country level market segments enable our clients to see more, know more, and do more, which help to answer all their most important questions. Media Contact Company Name: Market Research Future Contact Person: Media Relations Email: Send Email Country: United States Website:
