RED HAT
“ It is so critical because these things keep the lights on ,” she adds . “ AML efforts are traditionally very onerous processes . It would take hundreds of people to do it . But now , these new technologies speed the process up significantly and more accurately . So that ’ s where I think the focus should be for banks .”
For Sasso , it ’ s vital that automated threat-hunting and cybersecurity tools are integrated back into a bank ’ s main system so that when there is a threat , action can be taken immediately .
“ If an attack happens at 2am , who ’ s waking up to deal with that ? With Red Hat solutions like Ansible Lightspeed talking with Advanced Cluster Security or Advanced Cluster Management , threats can be automatically averted to keep systems up and running ,” Sasso adds .
And much like the aforementioned JPMorgan , the bigger a financial institution is , the broader the service is to be hit by an attack , making cybersecurity considerations all the more important .
Making AI simple : Upskilling the workforce With the threat of cyberattacks a leading concern for banks and FIs , AI applications must be made as simple as possible . A key consideration of this is upskilling the workforce , while huge swathes of employees need to retrain to meet the technological demands of today . For Sasso , the simple use of AI “ comes down to two things , culture and upskilling ”.
70 June 2024