FS Fast 5: Cyber Considerations
Key insights to move your cybersecurity agenda forward in financial services
AI is transforming cybersecurity
AI is revolutionizing cybersecurity by enabling organizations to analyze large datasets and predict threats before they occur. However, this technology also brings new risks, such as deep fakes and AI-driven attacks, necessitating ongoing oversight and strong governance to maintain security, explainability and trust.
AI analyzes patterns and threats, effectively mitigating risks. Envision a system that detects and neutralizes threats before they materialize-this is the future of cybersecurity.
Chetan Gavankar
Principal, Advisory • Line of Business, Financial Services
Addressing the cyber skills gap
The shortage of skilled cybersecurity professionals is a major issue. To combat this, organizations are employing a variety of strategies, such as using managed services to tap into a wider pool of expertise, training current staff to enhance their skills and working with external partners to bridge capability gaps. With AI assuming routine tasks, the focus for human professionals will increasingly shift to strategic and decision-making roles.
Preparing for quantum computing threats
The advent of quantum computing threatens the effectiveness of current encryption methods. To prepare for this, organizations should consider undertaking a resource-intensive and process of updating their infrastructure, especially for systems that use asynchronous encryption. Essential steps include conducting an inventory of cryptographic assets, modenizing key and certificate management, and using AI to automate necessary code changes, ensuring readiness for quantum-resistant security.
FS Fast Five Insights to move your agenda forward
01
Use AI to transition from reactive to predictive cybersecurity measures
AI enables proactive threat detection and deep data insights.
02
Increase regulatory focus on emerging technologies
Regulators scrutinize resilience for future risks, including quantum computing.
03
Enhance AI governance
Robust governance ensures security and trustworthiness.
04
Leverage and manage you supply chain
Continuous monitoring and leveraging managed services enhance cybersecurity.
05
Address cyber talent gap
Use managed services, training and external experts to bridge the skills gap.
FS Fast 5: Insights to move your agenda forward
Explore the series' episodes for strategic insights to help you stay ahead of industry change in financial services.
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