Sibos 2020: Bringing cybersecurity to masses – does the answer lie in new tech?
Channel: SibosTV
Date: 2021-03-29

Businesses, both large and small, must constantly evolve and innovate to meet customer expectations, deliver value and drive business growth. However, as we strive to evolve, the adoption of new business models and new technologies must be accomplished without compromising security and cyber risks must be managed. Given the situation brought about by the COVID-19 pandemic, and some of headlines in the press, being secure is more important than ever.

Layered cybersecurity costs (considerable) money and effort. Should it be a provision just for the wealthy institutions that are large and mature, or can we also cater for the mass of small regional institutions that have been shown to be in the cross-hairs of the cyber criminals? Can we foresee a move to centralisation (e.g. threat intelligence, group SOCs and fire brigades for crisis management) or adoption of new technologies (e.g. AI / ML for pattern detection, automation and robotics for vulnerability patching and inventory management), or is a mass move to cloud hosting the one-stop nirvana? Answers may lie in new tech, but how do we balance the benefits against new systemic risks they may bring?