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 530

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

Simon Black Awaken Intelligence

Boom or Bust: How the Financial Services Sector is Coping

Covid-19 has had an impact across all industries and businesses are feeling the sting. However, is it equally devastating within every sector? As industry and individual concerns grow during the inevitable economic crisis, financial services are Read more »

n/a n/a

Tips on How to Successfully Trade CFDs

A CFD or contract for difference is a financial product that allows a trader to speculate on asset classed without owning a portion of the underlying asset. A CFD trade is not an investment but high-risk speculation that carries the risk of losing Read more »

Patrick McKinney and Joe Fuchs Wolters Kluwer Finance, Risk & Regulatory Reporting

Building an Integrated Data Management System: A Guide for Digital Banks

Digital banks and other FinTechs are emerging as more nimble competitors to established legacy banks. The digital banks that are on their way to becoming fully chartered have the opportunity to setup fully automated processes and systems without Read more »

n/a n/a

How COVID-19 Is Ushering In a New Era of Cashless Technology

  Image source: https://www.pexels.com/photo/person-shopping-online-3944405/   Cashless technology isn't a completely fresh concept. People have been using credit cards for decades, and the market for fintech services has been Read more »

Jean Shin tyntec

Using WhatsApp for 2FA is the Future of Banking

From user authentication and password resets to transaction verification, two-factor authentication (2FA) offers basic but useful protection for consumers. The 2FA process typically sends an SMS sent to the customer with a one-time password (OTP). Read more »

Related Blogs

n/a n/a

How to Choose a VPN for Digital Privacy & Security

In a world where almost everything is connected, and where hackers and other malicious people are roaming the internet, it is always advisable that you take every precaution that you can to enhance your data security and privacy protections. Using a Read more »

Colin Neil Adyen UK

P2PE – Silver Bullet or Snake Oil?

Fraud is an ever-present problem for merchants, especially with the increasing number of payment providers, start-up challenger banks, and online shopping sites providing different levels of fraud protection. To ensure the best customer and business Read more »

Sandra Higgins Sysnet Global Solutions

Are You ‘Prescribing’ the Right Security Solution to Your Merchants?

When it comes to leading a healthy lifestyle, eating the right food, taking regular exercise, and maintaining a positive mindset are key. However, despite these best intentions and practices, you still might not get all the nutrients your body needs Read more »

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 »

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