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Artificial Intelligence in Cybersecurity: Hype vs. Reality

| Author: Beate Zwijnenberg

To stay ahead in a hyperconnected world with more sophisticated and well-funded threats constantly emerging, financial institutions are exploring how to harness cutting edge technologies for cyber defence. Insights spoke with ING CISO Beate Zwijnenberg about the opportunities and challenges of applying technologies like artificial intelligence and machine learning to cybersecurity.    

As financial institutions race to digitise products and services, how should they think about applying new technologies to cybersecurity?

In the race of financial institutions to digitise products and services, ING believes that applying new technologies enables us to further foster our cybersecurity capabilities, so we can continue to bring business value and improve risk management for the bank. 

As it is easy to get distracted by the huge dynamics within the cybersecurity profession, we try to keep focus on exploring the value of new technologies. However, this is a continuous challenge, as: 

  1. There are always more vulnerabilities to address and protections to consider.
  2. It is difficult to be proactive as new threats arise regularly and the number of incidents to be handled continues to grow. 
  3. Finally, there is only so much change an organisation can absorb.

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