FinTech Magazine June 2024 | Page 69

RED HAT

“ The decisions banks make today can create tech debt tomorrow ”

MONICA SASSO GLOBAL FINANCIAL SERVICES ( FSI ) DIGITAL TRANSFORMATION LEAD , RED HAT
As Sasso notes , the scope for Gen AI to automate a bank ’ s cybersecurity activities is vast .
“ AI is already here , we ’ ve been using it for years ,” she says . “ Anytime a bank wants to do anything in real-time , they have to use it .
“ So if banks start to think about some of these efficiencies and put an operational resilience lens on it and integrate AI with threat hunting software , this will enable them to start automation of some cybersecurity activities .”
Cybersecurity measures are so important for banks today , with institutions like JPMorgan facing up to 45 billion hacking attempts a day , employing over 60,000 technologists for the primary aim of combatting cyber attacks .
As such , leveraging AI to support cybersecurity is an area Red Hat works closely with its customers . “ We ’ re starting to help them work with some of these newer AI-based tools ,” notes Sasso .
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