The BFSI sector is still carving its way to beat the labyrinth of ever increasing cybersecurity threats where every path unveils new risks demanding sharper vigilance and stronger defences.
In a closed-door session organized by CORE Media in association with IBM, CIOs, CISOs and digital leaders expressed concern on managing threats around shadow AI, third party data risks, cloud sovereignty, and compliance issues.
Anoop Mathur, Founder, CORE Media Group, facilitated the discussion with Tushar Haralkar - Principal Pre-sales Country Leader, Security Software – IBM Technology Sales, India-South Asia who highlighted proactive risk management to protect the data lying around hybrid cloud.
Key session takeaways: CIOs Take
Evaluation of DPDP: The discussion pointed out toframe Digital Personal Data Protection Act (DPDP)process in such a way that once the data leaks, the details should be invalid. As it is in the nascent stage, the SEBI Cybersecurity and Cyber Resilience Framework (CSCRF) circular, dated August 2024, hovers the concern for the sector. To make it seamless, IBM’s Guardium platform’s guidelines have been framed as per RBI’s and SEBI’s DPDP regulations which can solve data in use and data in motion issues.
Data Visibility: CISOs opined on having visibility dashboards to view a complete AI inventory going into the environment which helps to secure confidential information in times of data poisoning attack.
Quantum-ready: This can emerge as a significant advancement in banks for interconnected systems for transactions. The third-party risk assessment can be analysed, and data leak can be protected beforehand.
