The industry is witnessing an accelerated pace of digitalization, a shift to hybrid work and the adoption of multi-cloud architectures, which have come with the increased cost of the risk landscape and complex IT environments.
There is a compelling need for the future of cybersecurity to be redefined, which requires building effective data cyber resiliency with the data being protected against new forms of threats and attacks. Besides, the evolution of technology has resulted in increased risks for enterprises in the digital era. It is imperative to build an offensive strategy to fight against threats, surpassing the traditional security approaches of detection, prevention and prediction.
To bolster cyber resiliency across all sectors, especially in the critical infrastructure sectors like banking, financial services and insurance, it is critical to constantly design the threat vectors based on threat intelligence we receive from various sources.
Security leaders need to align their strategy with business priorities and rise to the expectations. Understanding digital innovation and security disconnect becomes crucial, and as a result, it is imperative to employ a strategic and tactical approach to build a cyber-resilient organization.
While budget is one aspect, it is critical to understand the risk profile and determine how important data is in this digital era, which is more crucial to organizational growth.
The event, “Redefining Cybersecurity,“ is meticulously crafted by experts at SentinelOne, in partnership with ISMG, to address how to redefine an organization’s cybersecurity strategy amid rising complexity. This interactive in-person event, spanning two hours, will dive into the impact of digital innovation on the banking security ecosystem, the need for strategic prioritization of tech investments for secure data access, aspects concerning data sovereignty and proactive approaches to emerging threats and redefining the cybersecurity path. The session will feature insightful use cases and live Q&A.
Explore the latest trends, emerging threats, and proactive strategies to fortify your organization’s security posture for 2023 and beyond. Don’t miss this opportunity to stay ahead of cyber adversaries and safeguard your digital assets effectively.
Technological innovations redefine how banks operate in this world of digital transformation. Contactless, bots, blockchain, biometrics, AI and cloud are some digital innovations in the financial services industry.
The changing nature of banking, along with the risks and innovations in security, is actively disrupting the banking security ecosystem in a major way.
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Some of the prominent trends that can shape the cybersecurity industry in India, as experts say, are the use of artificial intelligence and machine learning, blockchain, the internet of things, quantum computing, cloud computing, 5G technology and compliance, which would pose immense risks to the enterprises.
Enterprises across the region are encouraged to invest in the infrastructure needed to build a secure and robust platform for business transformation and support the digital economy. Do you think yesterday’s cyber strategy will hold well for the future? What needs to change?
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The stakes are indeed high. This trend has prompted security leaders to focus on artificial intelligence to find patterns in vast amounts of data.
It’s critical to understand how partners are developing innovative AI approaches to detect malware, phishing campaigns, and other intrusions, and how much are CISOs aligned with this.
While CISOs are writing AI-based algorithms to detect attack patterns, they sometimes overlook that the AI tool itself can become a new attack vector.
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As a result, establishing data resiliency becomes essential to reduce operational risk, and the right investments in this direction are considered more valuable than previously thought.
Most agree that data needs to be stored and made available in a production environment in a secure fashion.
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