First of we will need the ring shape, so with the ellipse tool draw a ellipse on the stage with white color, then draw one smaller in black and place it in center of the white one as shown below. (remember in two different layers)

In the layers panel right click both layers and choose rasterize layer, then hold down ctrl and click the layer with the small black circle to load the selection, you can now delete the black circle layer. Selection the first layer again, and hit delete, now you should have a ring shape.

Now go to filters -> stylze -> wind and give it settings as shown below.

Rotate the ring and repeat the wind filter in both 90 degrees rotation, 180 and 360, then you should have a ring like this.