The Future of Security Is Already Here – and It’s Called AI

The Future of Security Is Already Here – and It’s Called AI

Markus Melin

Head of Tieto Security Services at Tieto

Markus Melin is the founder and head of Tieto Security Services, the internal Tieto startup combating cyber-crime and securing clients’ business continuity in lean and agile way. Markus has a long and solid experience in security, software project management, cloud, and agile methodologies. Before starting up Tieto Security Services, he worked for F-Secure, where he, among several other positions, headed the R&D operations of the company in Kuala Lumpur, Malaysia.

Views 507

The Future of Security Is Already Here – and It’s Called AI

21.03.2017 01:45 pm

The hype word of today is AI, artificial intelligence. What does this mean for cyber security? Turns out, a lot.

What’s in common with self-driving cars, recommender systems (you know, those sections in Amazon that say “you might also like…”), and bulletproof security? Not much? Quite the contrary! All are increasingly dependent on advances in artificial intelligence. 

The growing popularity of IoT means there are more and more ways for attackers to break into a company’s systems. Also, the tools the crooks use are getting more sophisticated day by day.

In a world like this, we need systems that can adjust quickly to unforeseen threats. Artificial intelligence gives us the tools to respond to new threats in real time.

AI improves over time and after crunching more information. For example, unsupervised machine learning will be able to look for patterns and find anomalies in your network traffic. The more data AI gets, the better the predictions become.

Traditionally, security experts have analysed logs to find suspicious activities. This is a virtually useless way to find anything in vast networks with enormous amounts of data coming in every minute. But the task becomes completely realistic by supervised learning methods which learn by using labelled data (such as logs) to get insights into the security situation.

Eye in the sky

In order to make AI work for security, we need great visibility to all systems. There is no room for silos or blind spots in your company. For machine learning algorithms to do their job and protect your assets, they need to have full 360 degree vision.

The same goes for the other way round, too: we have to know how the defence system operates. Otherwise, we risk entering a world where algorithms rule, an algocracy.

It has been said that AI will take jobs away. This isn’t the case in the security industry. We still need human intellect to decide what is relevant and what is not in all but the most general cases.

Intelligent systems based on machine learning can sift through vast amounts of data and look for threat patterns more efficiently than any human could possibly do. They amend our capabilities by taking care of the routines and do the hard work for us.

The ultimate decision about the course of action in critical situations still needs to be left to us humans. Otherwise, we might well be facing systemic risk escalation events similar to the High Frequency Trading (HFT) incidents that have resulted in some of the recent stock market meltdowns.

 

This article was originally published on tieto.com: https://perspectives.tieto.com/blog/2017/03/the-future-of-security-is-already-here--and-its-called-ai/

Latest blogs

Shuvo G. Roy Mphasis

Reboot 1.0: How financial services technology can enable the supply chain to support a post-lockdown boom

Ground control and Captain Tom When veteran Captain Tom Moore decided to walk one hundred laps of his garden before his 100th birthday to raise funds to support NHS heroes battling Covid-19 from the frontline, he never imagined that he would Read more »

Lisa Gutu Salt Edge

Building a PSD2 compliant channel: challenges and opportunities for financial institutions

PSD2 obliges ASPSPs including banks, e-wallets, prepaid cards and other companies that offer payment accounts to provide at least one channel for secure communication with third party providers (TPP). Even neobanks or e-money institutions, including Read more »

Thomas Pintelon Capilever

Credit origination - A lot of innovation on the horizon

While consumer credits are becoming more automated and user-friendly to request, all other credits are often still very manual and labor intensive to originate. In this (relatively long) blog I will try to give a description of the (potentially Read more »

Kelly Kearsley Hourly.io

Time Card Theft is a Big Problem. Here's How to Stop It.

Trust is at the core of every employer-employee relationship. You trust your people to do their jobs, and they trust you to compensate them for their work. Most of the time, it works. However, there's always the person looking to bend the rules or Read more »

Daria Afanasyeva UTP Merchant Services Ltd

Cybersecurity – Online payments are getting more secure

Ever since we've been able to buy anything we need with just a click of a button on our laptops or phones, online sales have been consistently increasing each year. Just last year, the total value of UK retail sales was £394 billion, with an average Read more »

Related Blogs

Sunil Jhamb WL Payments

Staying in control of digital payments

For the CIOs and CTOs of banks and PSPs, fraud and security are never very far from their minds. Protecting both their own organisations and their merchants from the threat of cybercrime is a truly business-critical challenge – and one in which the Read more »

Gabriel Leperlier Verizon Enterprise Solutions

Why is Payment Security Compliance Declining with only 1 in 3 Companies Globally Making the Grade?

When companies are attacked, personal and financial customer information from payment card data is often the target. The Payment Card Industry Data Security Standard (PCI DSS) was designed to help protect payment data from the point of purchase and Read more »

Alan Stewart-Brown Opengear

Security Challenges for Financial Institutions – How Smart Out-of-Band (OOB) Management Keeps Networks Up and Running

Information technology and telecommunications are fundamental to service delivery in financial institutions today. Firms are increasingly reliant on IT networks to deliver core services but this can leave them vulnerable to ever-expanding security Read more »

Ali Raza Financial Software Systems

The Best of both Worlds: Security and User Experience

Globally e-commerce is booming. According to industry estimates digital commerce is projected to grow at a 20% CAGR to reach $5.8 trillion by 2022.  At the same time fraud losses are mounting. Read more »

Jason Tooley Veridium

Retailers Focus on Security to Avoid Becoming Another High Street Casualty

There is a consistent pattern of disruption in most industries, and surviving in the face of this rising tide means embracing the change, not fighting it. 68 per cent of c-level executives expect their industry to be significantly disrupted by new Read more »

Magazine
ALL
Free Newsletter Sign-up
+44 (0) 208 819 32 53 +44 (0) 173 261 71 47
Download Our Mobile App
Financial It Youtube channel