PROTECT YOUR MONEY

DataQuest|December 2019

PROTECT YOUR MONEY
At the recent RSA India Summit 2019, most relevant issues relating to digital risks facing organisations undergoing digital transformation both locally and globally were discussed. Cybersecurity is going through an immense revolution and handling digital risks is becoming more complex. Here Mike Adler, VP, Products, RSA Security, tells us about their security platform, how this can help us protect the money
Aanchal Ghatak

What do you foresee from the cybersecurity industry? how will you define the growing need for cybersecurity in India? The cybersecurity industry is dealing with immense transformation right now, which is giving way to more and more complexities and opportunities for attackers. The industry and companies in general, are looking for ways to manage these complexities and deal with the transformative effects, as they are increasingly having to handle digital risk. In general, we’re looking for opportunities for new types of tools and approaches, to handle some of these new challenges that the organizations are facing. Organisations are trending towards larger security platforms that enable them to do more, as opposed to having to manage a collection of broad security tools across the board. As a result of this, we are starting to see that trend converting to platforms and things that can be brought together easily, to minimize the complexity involved with securing infrastructures across the board.

Today, from an economic perspective, India is going through huge transformation. As the country moves very quickly into a digital society, whether it is payments, record-keeping or personal identification that is stored by the government, it is undergoing this huge transformation at the government level, which is also driving the corporations to do the same.

The same challenges exist in India as well but they are more pronounced, due to the prevalence and the speed at which the transformation is happening. It is going to be a great thing for India, as it quickly accelerates the transformation, but it also opens up challenges. We could point at some of the lessons learned from the other economies that have gone through a very rapid digital transformation and look for opportunities to protect the critical infrastructure.

What are the global trends in cybersecurity?

Globally, we continue to see information, as the critical asset that the attackers are willing to spend the time to get at. Information comes in ‘n’ number of forms, such as very personal information, that can be used for financial gain. So, while we used to see the trend of attackers trying for financial gain, we’re now seeing much more indirect attacks to gain credible personal information that will then let a financial attempt to be made and such trends are going to continue.

From RSA Security perspective, we will continue to see more work towards a platforming effect by either realization that we can’t continue to add technical complexities to organizations and expect the static cybersecurity team to be able to handle it. We’ll see an increase in IT spending and along with that, we’ll see an increase in IT security spending. As a result, we’ll start to see investments, not just in technology, but also in people and processes to help protect them.

How can the usage of AI prevent cyberattacks?

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December 2019