Preben Fjeld, UK General Manager of Lenovo

Banks must realise that AI can be both an asset and a point of vulnerability to cybercrime, a technology expert has warned.
Preben Fjeld, UK General Manager of tech manufacturer Lenovo also warned that human too often represent the weak link in a security strategy, and said 2018 had been plagued with difficulties arising from the growth of mobility, BYOD and remote working.
“Looking at the next twelve months, AI is being touted as the pathway to protection,” he said. “But as with many powerful tools, it can be used for both good and evil, as AI platforms become growingly favoured by cyber criminals too. We expect to see much more focus on machine learning to address security vulnerabilities, as well as more of a focus on end-to-end security solutions versus a patchwork collection of discrete tools.”
Fjeld said he has identified four spaces where companies and end users need to focus to protect themselves – data, identity, online and devices: “The trend from two-factor to multi-factor authentication on personal devices, for example, will continue to grow as security industry bodies like the FIDO Alliance integrate with Windows Hello to enable safer authentication,” he predicted. “The rise of smart devices in that are all interconnected will also introduce security vulnerabilities that will need to be addressed. A crucial aspect will be to learn from users through heuristics and new learning models addressing not just changes in technology, but also changes in human behaviours. Companies will need to understand their multi-generational workforce, to better manage and protect devices, as well as develop strong security protocols and practices.”

by Guy Matthews