Try GOLD - Free
48% of BFSI companies flag data security as a priority when deploying AI
The Sunday Guardian
|March 30, 2025
Nearly half (48 per cent) of banking, financial services and insurance (BFSI) companies flagged data security as their top concern for AI implementation, a survey conducted by global data solutions provider Hitachi's subsidiary Hitachi Vantara found.
The survey, reflecting inputs from 231 global IT and business leaders, noted that 84 per cent of respondents admitted that losing data to an attack or mistake would be catastrophic.
As per the survey, BFSI leaders (73 per cent) were confident that AI will benefit hackers more than cybersecurity defenders, with leaders concerned that external bad actors will use AI-enabled attacks to threaten the business. Internally, leaders are also concerned that an AI mistake will create an inability to recover data, or that a data breach will occur as a result of an AI mistake.
The survey asserted that this reflects the critical need to guard against internal and external threats.
This story is from the March 30, 2025 edition of The Sunday Guardian.
Subscribe to Magzter GOLD to access thousands of curated premium stories, and 10,000+ magazines and newspapers.
Already a subscriber? Sign In
MORE STORIES FROM The Sunday Guardian
The Sunday Guardian
The world order changeth gradually, though surely
No single nation or its leader, including the USA or China, can assume stewardship of the emerging, diffused global order.
6 mins
January 04, 2026
The Sunday Guardian
WHY THE SHANTI BILL CAN REDEFINE INDIA’S ENERGY FUTURE
India’s clean energy transition is primarily discussed in terms of solar additions, wind corridors, and storage technologies.
4 mins
January 04, 2026
The Sunday Guardian
Fantasies about Russia may spark World War III
Peace would result in it being too obvious to hide even within Zelenskyy's European backers, that the war being conducted at great human cost was futile from the start.
5 mins
January 04, 2026
The Sunday Guardian
New jihadi module IMK busted in Assam
An offshoot of Bangladesh-based JMB, IMK propagates the ideology of ‘Ghazwatul Hind’
4 mins
January 04, 2026
The Sunday Guardian
Delhi court convicts man in 2017 murder case
A Delhi court has convicted a man for murdering a youth by hitting him with a bamboo stick during a late-night quarrel at the Anand Vihar ISBT in 2017.
1 mins
January 04, 2026
The Sunday Guardian
INDIAN NAVY PLANS TO INDUCT A WARSHIP EVERY SIX WEEKS
The Indian Navy is on track to induct ships at the rate of one every one-and-a-half months in the coming year, fuelling the economy as its maritime muscle is strengthened.
3 mins
January 04, 2026
The Sunday Guardian
PM to flag off first Vande Bharat sleeper train from Guwahati
Ahead of the upcoming assembly elections, Assam and West Bengal will get the country's first Vande Bharat sleeper train.
1 mins
January 04, 2026
The Sunday Guardian
Transport Ministry proposes Aadhaar-like numbers for EV batteries
The transport ministry has proposed assigning Aadhaar-like unique identification number to EV batteries to ensure their end-to-end traceability and efficient recycling.
2 mins
January 04, 2026
The Sunday Guardian
Congress’ seat claim strains Assam opposition unity
Congress's aggressive seat target unsettles allies as opposition struggles to finalise Assam election strategy.
3 mins
January 04, 2026
The Sunday Guardian
How CCP is ‘assimilating’ Inner Mongolia
The most decisive tool of assimilation has been language policy. Mongolian-medium education has been systematically dismantled, replaced with Mandarin instruction.
2 mins
January 04, 2026
Listen
Translate
Change font size