Regulating AI continues to pose challenges for nations, Global Cybersecurity Forum hears

The Global Cybersecurity Forum is taking place in Riyadh. AN.
Short Url
Updated 17 April 2024
Follow

Regulating AI continues to pose challenges for nations, Global Cybersecurity Forum hears

RIYADH: The UN continually explores strategies for managing artificial intelligence in an “ethical manner,” according to Ahmed Abdel-Hafez, chairman of the Executive Bureau of the Egyptian Supreme Cybersecurity Council.

Speaking at the Global Cybersecurity Forum in Riyadh on Thursday, Abdel-Hafez claimed “AI is uncontrollable technology until now” and often aids online criminals as they regularly invent new and sophisticated attacks.

Mohammad Abdulaziz Boarki, chief of the National Cyber Security Centre in Kuwait, underscored this statement by stating “AI is something constant," adding: “It could be power for protection and could be a weakness and a threat.”

He emphasized that controlling AI is a complex and demanding task due to its sophistication and depth.

The call for strong safeguards was echoed by Dan Cimpean, director of the National Cyber Security Directorate in Romania. He acknowledged this would be “extremely difficult” as technology will always be one step ahead of the regulatory environment.

He added: “First technology will come, cybercrime will use and exploit vulnerabilities of those technologies and will do harm, and then national competent authorities, at the level of one country or group of states, will have to come with some measures.”

Cimpean went on to say this is “one big challenge and is not very easy to align those measures” and that “we have to really invest a lot in educating the user,” especially when it comes to the “ransomware phenomenon” as there is no “magic solution” for tackling whether to “ban payment for ransom or not.”

Boarki elaborated on the topic, suggesting that there is no one-size-fits-all solution for each country and that each nation should manage the issue according to its individual needs and perspective.

“I believe if it is for the national interest. I don’t think there is a problem to negotiate,” Boarki said.

Abdel-Hafez continued: “Data is going to be the oil of the globe right now, so if any organization did not control or make a backup for their data, as a punishment, they should pay the money to get their data back.”

He added: “Each region has its mindset about data protection, data privacy, human rights, but if we did not collaborate, the attacker will be successful.”

Abdel-Hafez further underscored that cybersecurity is a cross-border activity and that collaboration with governments is necessary.


Saudi POS spending opens 2026 with a 31% surge: SAMA 

Updated 4 sec ago
Follow

Saudi POS spending opens 2026 with a 31% surge: SAMA 

RIYADH: Saudi Arabia’s total point-of-sale transactions reached SR17 billion ($4.5 billion) in the week ending Jan. 3, with all sectors recording positive weekly growth. 

According to the latest data from the Saudi Central Bank, the total POS value represented a 30.6 percent week-on-week increase, while the number of transactions rose 15.7 percent to 255.36 million. 

Spending on freight transport, postal and courier services recorded the sharpest increase, surging 110.9 percent to SR74.22 million, followed by education, which rose 66.4 percent to SR235.51 million. 

Expenditure on personal care increased by 31.7 percent, while spending on books and stationery rose 36 percent. Jewelry outlays climbed 48 percent to SR544.12 million. 

Further gains were recorded across other categories. Spending at pharmacies on medical supplies rose 42.1 percent to SR284.81 million, while expenditure on medical services increased 20.8 percent to SR556.27 million. 

The food and beverages sector saw outlays rise 41.4 percent to SR2.7 billion, accounting for the largest share of POS transactions.

Restaurants and cafes followed with a 20.9 percent increase to SR1.9 billion, while apparel and clothing spending rose 30 percent to SR1.6 billion, ranking third. 

Together, the top three categories accounted for approximately 36.53 percent of total POS spending, or SR6.22 billion. 

Saudi Arabia’s major urban centers mirrored the national surge.

Riyadh, which accounted for the largest share of POS spending, saw a 21 percent increase to SR5.61 billion, up from SR4.63 billion the previous week.

The number of transactions in the capital rose 12.2 percent to 79.6 million. 

In Jeddah, transaction values increased 25.6 percent to SR2.24 billion, while Dammam posted a 26.1 percent rise to SR831.93 million. 

POS data, tracked weekly by SAMA, provides an indicator of consumer spending trends and the ongoing growth of digital payments in Saudi Arabia. 

The data also highlights the expanding reach of POS infrastructure, extending beyond major retail hubs to smaller cities and service sectors, supporting broader digital inclusion initiatives. 

The growth of digital payment technologies aligns with Saudi Arabia’s Vision 2030 objectives, promoting electronic transactions and contributing to the Kingdom’s broader digital economy.