Lucknow: The Uttar Pradesh Chapter of PHD Chamber of Commerce and Industry (PHDCCI) in association with Superior Industries Ltd. organized “CYBER SECURITY & RISK MANAGEMENT SUMMIT”at PHD House, Gomti Nagar, Lucknow.
The rationale of the Summit was to create a congregation of Artificial Intelligence technology experts, cyber security experts and corporate masters of the States to deliberate upon the use of AI, possible pros and cons of AI in cyber-security and also on the issues and challenges while incorporating it to their day-to-day web based corporate software. The session also shed light upon the cyber-security laws in the Country and the role of Police in resolving the cybercrimes / cyber-frauds and also about the related penalties associated against them.
The chief dignitaries in the session included D K Thakur, IPS, Commissioner of Police – Lucknow, Govt. of Uttar Pradesh; Kuldeep Pati Tripathi, Additional Advocate General, Govt. of Uttar Pradesh; Prof. Triveni Singh, IPS, Superintendent of Police, Cyber Crime, Uttar Pradesh Police, Govt. of Uttar Pradesh; Rajiv Kumar, General Manager, SIDBI; Manjula Goswami, Principal, The Millennium School, Lucknow; Dr. Deepak Singh, Associate Professor, Jaipuria Institute of Management; Mukesh Bahadur Singh, Sr. Advisor, UP State Chapter, PHDCCI; Abhishek Kr. Tripathi, General Manager (P&IR) Grasim Industries Ltd. (A unit of Indo Gulf Fertilizers Ltd.) & Atul Srivastava, Resident Director, UP State Chapter, PHDCCI.
D K Thakur, IPS, Commissioner of Police – Lucknow, Govt. of Uttar Pradesh in his keynote address gave an overview of technological innovation where he said that Technological innovation is the economic function through which new technologies are introduced into production and consumption. It entails recognizing new technological possibilities, organizing the human and financial resources needed to transform them into useful products and processes, and sustaining the requisite activities. It is important because technological advances have played a key role in facilitating radically improved standards of living. He further said that Artificial intelligence is a technology which enables a machine to simulate human behavior. Machine learning is a subset of AI which allows a machine to automatically learn from past data without programming explicitly. The goal of AI is to make a smart computer system like humans to solve complex problems. He concluded by saying that the Artificial Intelligence has the potential to change the face of computer security in multiple ways. On one hand, the adoption of smart technologies makes hackers evolve and use more sophisticated methods to open the backdoor in even well-protected devices and equipments. On the other hand, security developers and testers can use machine learning algorithms that can automatically recognize the signs of a cyber attack and interrupt them before a crisis occurs.
Kuldeep Pati Tripathi, Additional Advocate General, Govt. of Uttar Pradesh laid emphasis on how AI is transforming the world. He said that the Artificial intelligence is widely used to provide personalised recommendations to people, based for example on their previous searches and purchases or other online behaviour. AI is hugely important in commerce: optimizing products, planning inventory, logistics etc. He said that the machines haven’t taken over. Not yet at least. However, they are seeping their way into our lives, affecting how we live, work and entertain ourselves. From voice-powered personal assistants like Siri and Alexa, to more underlying and fundamental technologies such as behavioral algorithms, suggestive searches and autonomously-powered self-driving vehicles boasting powerful predictive capabilities, there are several examples and applications of artificial intellgience in use today.
Prof. Triveni Singh, IPS, Superintendent of Police, Cyber Crime, Uttar Pradesh Police in his address gave the in-depth information about the subject. He said that the Cybercrime is criminal activity that either targets or uses a computer, a computer network or a networked device. Most, but not all, cybercrime is committed by cybercriminals or hackers who want to make money. Cybercrime is carried out by individuals or organizations. In order to make the audience aware he also highlighted some of the common cyber scams which were Phishing scams, identity theft scams, online harassment, cyberstalking, spoofing etc. Mr. Singh also shared some basic counteract measures to prevent and protect oneself from such cyber crimes.
The introductory remarks and session moderation was done by Mr. Atul Srivastava, Resident Director, UP State Chapter, PHDCCI where he elaborated the objective of the summit. He shed light on the pros and cons of using Artificial Intelligence in Cyber Security. He said that Cyber security is important because it encompasses everything that pertains to protecting our sensitive data, personally identifiable information (PII), protected health information (PHI), personal information, intellectual property, data, and governmental and industry information systems from theft and damage attempted by criminals and adversaries. He also said that the enterprise attack surface is massive, and continuing to grow and evolve rapidly. Depending on the size of our enterprise, there are up to several hundred billion time-varying signals that need to be analyzed to accurately calculate risk, and Analyzing and improving cyber-security posture is not a human-scale problem anymore. Therefore, in response to this unprecedented challenge, Artificial Intelligence (AI) based tools for cyber-security have emerged to help information security teams reduce breach risk and improve their security posture efficiently and effectively, he said.
Mukesh Bahadur Singh, Sr. Advisor, UP State Chapter after welcoming all the dignitaries and speakers with welcome bouquets and mementos said that cyber-security is one of the multiple uses of artificial intelligence and while cyber-security experts have accepted AI as the future of the industry, finding solutions to its problems are still not adequately addressed, he said that apart from being a solution, it is a considerable threat to businesses as it is making it easier for cybercriminals to penetrate systems with no human intervention, and therefore, getting some kind of protection against cyber criminals is highly recommended if one wants to reduce losses and stay in business.
Dr. Deepak Singh, Associate Professor, Jaipuria Institute of Management gave a detailed overview on the subject including its benefits and threats. He said that as cyber-attacks grow in volume and complexity, artificial intelligence (AI) is helping under-resourced security operations analysts stay ahead of threats and curating threat intelligence from millions of research papers, blogs and news stories, AI provides instant insights to help us fight through the noise of thousands of daily alerts, drastically reducing response times and AI can respond in milliseconds to cyber-attacks that would take minutes, hours, days, or even months it would take humans to identify. He informed that artificial intelligence in cyber security is beneficial because it improves how security experts analyze, study, and understand cybercrime. He also said AI enhances the cyber security technologies that companies use to combat cybercriminals and help keep organizations and customers safe. He further said that on the other hand, artificial intelligence can be very resource intensive; it may not be practical in all applications. More importantly, it also can serve as a new weapon in the arsenal of cybercriminals who use the technology to hone and improve their cyber-attacks, and therefore he recommended to use the latest versions of anti-virus and anti-malware based applications in addition to artificial intelligence.
Manjula Goswami, Principal, The Millennium School, Lucknow in her address said that the country which has the top level of AI system will rule the world in the coming future. Goswami said that machine learning and deep learning are subfields of AI. As a whole Artificial Intelligence contains many subfields, including Machine Learning which automates analytical model building. It uses methods from neural networks, statistics, operations research and physics to find hidden insights in data without being explicitly programmed where to look or what to conclude. She also highlighted about some of the popular trends of the technology innovation.
Rajiv Kumar, General Manager, SIDBI and Mr. Mahendra Singh, AGM, Bank of Baroda spoke on how AI is changing the banking sector. They said that AI is also being implemented by banks within middle-office functions to assess risks, detect and prevent payments fraud, improve processes for anti-money laundering (AML) and perform know-your-customer (KYC) regulatory checks. SIDBI, Bank of Baroda & other banks are leveraging AI on the front end to smooth customer identification and authentication, mimic live employees through chat-bots and voice assistants, deepen customer relationships, and provide personalized insights and recommendations. They also said that after the incorporation of AI, the security in online transactions has significantly improved.
Abhishek Kr. Tripathi, General Manager (P&IR) Grasim Industries Ltd. (A unit of Indo Gulf Fertilizers Ltd.) presented the formal vote of thanks to all the dignitaries and participants present. He also commended the efforts of the secretariat of PHDCCI to have organized such an informative and gluing session.
The Summit was well attended by around 100 people comprising of top IT professionals of the State, PHDCCI Members, and Senior Industrialists, academicians, entrepreneurs and other stakeholders working in this area