Today’s more targeted cyber threats are opportunities to strengthen –systems expert
View(s):Although cyber threats are today more targeted in their scope, with attackers having in-depth knowledge about their targets and its vulnerabilities, these should be seen as opportunities for “measured steps to strengthen the existing systems and strategially prepare them well in advance”, according to Kenneth Hee, the Director for Identity Management and Security at Oracle Asia-Pacific, who was quoted in a statement.
Further, Mr. Hee also added; “The key is to identify vulnerabilities in your systems and strategically prepare them to mitigate threats from within. By adopting a Security Inside Out approach, you can understand how resilient your security structures are and thereby transform these threats into opportunities that create long term value for your business”.
Mr. Hee made these comments, according to the statement, at the recently held “Information Security, Threats and Opportunities” awareness session, which was jointly organised by local IT company LOLC Technologies and Oracle Corporation Singapore. Comprising Chairpersons and Chief Executives of a number of local banks, including Hatton National Bank, Commercial Bank, Peoples Bank, Bank of Ceylon, etc, this event also featured the attendance of Ajith Nivard Cabraal, Governor of the Central Bank of Sri Lanka, as its chief guest.
The statement quoted Mr. Cabraal as stating; “As we prepare to reach US$4,000 per capita income and to fulfil the next phase of our country’s development, we have taken the necessary steps in all sectors of our economy to progress ahead seamlessly. In this endeavour, to sustain a resilient Banking and Financial Services sector in Sri Lanka, we have taken timely measures to be ‘IT Ready’. All efforts in this regard are made to prepare and strengthen ourselves for the future and to progress forward”.
(JH)