Canalys Forum Asia Pacific 2023: Insights on Cybersecurity Business Trends | #hacking | #cybersecurity | #infosec | #comptia | #pentest | #ransomware

Canalys Forum Asia Pacific 2023 has conducted a panel discussion on cyber security trends in order to share insights on best practices to manage cyber risks and ensure customer security.
Panel of cybersecurity experts from various sectors, including channel partners, technology vendors, and providers have participated during the discussion.

Matthew Ball, Chief Analyst of Canalys; John Walters, Group CEO of NEXTGEN Group; Mert Mustafa, Head of ANZ Channel Ecosystem, eSentire; Osca St Marthe, Vice President worldwide, Solutions Engineering at SonicWall; Sherran Evans, Chief Commercial and Risk Officer of Tecala Group; Thad Legg, COO & General Manager of Virtual Graffiti and Nilesh Jain, Vice President, South East Asia & India at Trend Micro were in the panel.

They discussed about emerging cybersecurity risks and how channel partners can collaborate with vendors to enhance customer resilience. Explore technology’s role, like AI and machine learning, in cyber risk management.

The cybersecurity landscape for 2023 is both empowered and threatened by the surge of generative AI, according to a Canalys report. While this technology offers revolutionary potential, its misuse by threat actors raises significant concerns and challenges for the industry.

The Rise of AI-Driven Threats

Generative AI adoption by threat actors is a cause for alarm. The exploitation of this technology has led to an increase in ransomware attacks, phishing campaigns, and the creation of sophisticated malware. This advancement in attack capabilities, including identifying vulnerabilities and crafting malicious code, is lowering the entry barrier for new threat actors, intensifying cybersecurity risks.

Transformation and Challenges

Amidst these threats, AI augments cybersecurity operations within organizations. Security Operations Centers (SOCs) are embracing digital twins and leveraging automation for detection, response, and alert prioritization. While this alleviates the skills shortage in cybersecurity, concerns remain about the technology’s reliability and the potential for over-dependence.

Market Dynamics and Innovations

Tech giants like Microsoft are pioneering AI-driven security solutions, leveraging tools like ChatGPT-4 in their Security Copilot. Other vendors are swiftly entering the arena with products such as ThreatGPT, DroidGPT, Purple AI, and EscalateGPT, signaling a competitive market hungry for innovation.

Contemplating the Future

Despite the promises of generative AI, trust issues and regulatory concerns linger. Challenges include unreliable responses, potential data privacy violations, and the risk of intellectual property infringement, demanding thorough deliberation by regulators.

In conclusion, while generative AI holds immense promise, its adoption demands a delicate balance between innovation and caution. The cybersecurity landscape of 2023 stands at a critical juncture, where the responsible use of this technology will shape the industry’s trajectory for years to come.

Baburajan Kizhakedath @ Canalys Forum 2023 in Bangkok


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