Dubai - CA, one of the world's largest IT management software companies has welcomed the recent update of the Data Protection Law 2006, DIFC Law No. 11 and the appointment of a Data Protection Commissioner by The Dubai International Financial Centre (DIFC). The new protection measures being introduced under The Data Protection Law, following a period of public consultation ensures the protection of all personal information, including any sensitive personal data. This law is also compliant with the provisions of the laws and directives of the European Union and the guidelines of the Organisation for Economic Co-operation and Development (OECD), including the transfer of data.
The updated law helps ensure the protection of private individual's interest against mistreatment of personal information in Dubai's International Financial Centre covering sectors such as banking, insurance, finance and services. It also stipulates damage compensation if companies do not implement organizational and technical measures of protecting personal data against unauthorised processing, use and disclosure to third parties.
Commenting on the law, Abdul Karim Riyaz, Regional Director of Storage and Data Protection Business Unit for CA's EMEA Eastern Markets said, "CA welcomes this move by DIFC which will further strengthen and increase investor confidence in the rapidly growing United Arab Emirates (UAE) financial markets. Data protection and its ramifications are in line with CA's Enterprise IT Management (EITM) Vision, of which Risk Management is an integral part. CA's portfolios of storage and security solutions are uniquely positioned to manage risk, thereby helping clients comply with global as well as regional regulations."
Maria Medvedeva, Regional Director of Security Business Unit for CA's EMEA Eastern Markets, added, "The UAE financial sector has a fiduciary responsibility and is here to serve the customer which means that there is a certain amount of trust that's expected. This will lead to an increased pressure from the regulators around what financial institutions do, especially since they are dealing not only with people's money, but also their confidential information."
She added, "From a security standpoint, CA offers Identity and Access Management Suite that allows managing identities of employees, partners, suppliers, as well as customers thus addressing a number of confidentiality and data privacy issues. This software also ensures that only authorised users can access critical resources."
Some of the key global regulations that CA supports through its various solutions are, European Union's data protection directive and Anti-money laundering directive, International Accounting standards, ISO Information Security Standards, USA Patriot ACT, BASEL II, Health care as well as Sarbanes Oxley Act.
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About CA
CA (NYSE: CA), one of the world's largest information technology (IT) management software companies, unifies and simplifies the management of enterprise-wide IT. Founded in 1976, CA is headquartered in Islandia, N.Y., and serves customers in more than 140 countries. For more information, please visit http://www.ca.com.
About CA in the Arab Countries and Pakistan
Today CA has direct presence in Bahrain, Egypt, Jordan, Kuwait, Lebanon, Morocco, Qatar, Pakistan, Saudi Arabia, and the United Arab Emirates. With over 100 highly skilled professionals and a 24X7 tri-lingual Customer and Partner Support Center located in the region, CA helps you securely unify and simplify your IT environments for greater business value.
CA customers in the region include Aga Khan University, Al-Rajhi Bank, Arab Banking Corporation, Bank of Beirut, Comium Group, Dubai Department of Civil Aviation, Emirates Bank International, Etisalat Contact Center, UAE Higher Colleges of Technology, Investment Dar Company in Kuwait, King Faisal Specialist Hospital, King Saud University, KSA National Computer Center , Mashreq Bank, Kuwait Public Authority of Civil Information, Middle East Airlines, Royal Court Affairs in Oman, Saudi Arabian Airlines, Salalah Port Services, PWC Logistics and many other organisations large and small. For more information, please visit www.ca.com/arabworld.
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© Press Release 2007
