On 7th October 2022, Quantic India hosted the Cyber Security Excellence Awards 2022 – Mumbai Edition at Hotel Novotel, Juhu. The round table conference was a major success, as it gathered 200 attendees from various fields of cyber security. It provided a platform for experts to share their knowledge and experiences in the domain. Speakers discussed a range of topics including data breaches, monetary losses, cyber insurance, Application Security, lean security, hybrid ecosystems, cloud data.
Key Highlights of the panel discussion:
- The post-pandemic world has brought with it an increased focus on cybersecurity, as organizations look to protect their data and systems from malicious actors. Implementing a Zero Trust Framework and SASE can help organizations improve their security posture without affecting their workflow. By using identity-centric access controls, secure remote access solutions, and proactive monitoring of user activity, organizations can ensure that the risk of a data breach is minimized while still allowing users to work remotely or in the office. With these measures in place, organizations can confidently move forward knowing that their systems are secure from any potential threats.
- Encrypted traffic inspection plays a key role in removing the ‘blind spots’ from SSL/TLS. By inspecting encrypted traffic, organizations can gain visibility into applications and detect malicious activity that would otherwise remain hidden. With encrypted traffic inspection, organizations are able to identify suspicious activity more quickly and take appropriate action to reduce risk and improve security.
- Modernizing endpoint security solutions can give organizations an advantage over highly innovative attackers. With the proliferation of new technologies, traditional endpoint security solutions are no longer enough to keep up with the speed of these advanced threats. By adopting a modernized approach, organizations can gain access to better data and insights that can help them stay ahead of their adversaries and protect their endpoints from sophisticated attacks. Additionally, modernizing endpoint security solutions will also help organizations stay compliant with industry regulations and ensure their organization is secure from potential cyber threats.
- Today’s technology landscape has brought about the phenomenon of data being virtually everywhere, with multiple cloud environments making it even more difficult to keep track of who owns key management. This issue becomes even bigger as organizations move their data and workloads across different cloud providers in order to gain maximum benefits. To overcome this problem, organizations must implement a secure, consistent and unified key management system which can provide them with an integrated view of all their public clouds, private clouds and on-premises deployments.
- In order to ensure cyber security, it is important to address the growing skill gap in organizations and enhance cyber skills maturity. At the same time, it is also essential to manage internal threats from rogue employees by enforcing ethical practices. Organizations should look into their internal policies and procedures to ensure that staff members adhere to ethical standards and are held accountable for their actions. By doing so, organizations can reduce the risk of malicious activities by rogue employees, helping them to secure their digital assets and protect confidential data.
- As the regulatory landscape for data becomes increasingly complex, organizations are investing in GRC (Governance, Risk & Compliance) practices to stay ahead of the curve. These practices are being upgraded to better manage and protect sensitive data, comply with regulations and policies, and mitigate potential risk. By implementing GRC tools and processes such as data mapping, access control, encryption and security protocols, organizations can stay on top of new requirements and remain compliant.
- Block chain technology has the potential to revolutionize how we store, share, and transact data on the internet. However, it is also a major source of risk due to its decentralized nature. As businesses increasingly adopt block chain technology, they are exposing themselves to data breaches that could lead to unrecoverable monetary losses. Moreover, with web 3.0 on the rise, these vulnerabilities become even more pronounced as block chains become more complex and interconnected with other apps. Thus, proper security measures must be implemented to ensure that transactions remain secure and data is not exploited by malicious actors.
- AI has the potential to drastically improve organizational functioning and data protection law acts are essential in helping to ensure that data is used appropriately and responsibly. Data protection law acts can help organizations to securely store and process data, as well as provide guidelines on how users’ data should be used for AI-related tasks. Additionally, these laws can help organizations protect their users’ personal information from malicious actors and ensure that AI algorithms abide by ethical principles when making decisions that can impact people’s lives
- Expert Moderator for the Panel: Makesh Chandramohan – CISO, Aditya Birla Capital
- Our Eminent Panellists:
- Fal Ghancha – CISO, DSP Mutual Fund
- Sunder Krishnan – Chief Risk Officer, Reliance Nippon Life Insurance
- Ashton D’Cruz – Director- CAO & CISO, NatWest Markets Plc
- Sandesh Jadhav – Global Data Privacy Officer, Wipro Technologies
- Vinod Kumar – EVP & CIO, Fino Payments Bank Ltd.
- Ratan Jyoti – CISO, Ujjivan Small Finance Bank
- Dilip Panjwani – CISO & IT Controller, L&T Infotech
- Niranjan Reddy- CISO, Polycab India Ltd.
- Prosenjit Dutta – Business Development Director – SAARC, Utimaco
The panel session was highly beneficial and provided a great opportunity to gain insight into the industry from experts & was also very informative, as the speakers gave us tips and advice that can be used in real-life scenarios to help us improve our skills and productivity. You can soon join us at the 2nd Annual Cyber Security Excellence Awards 2023 – Mumbai Edition
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