It's a well-known fact that hackers don't just 'hack'; they often gain access by logging in. In today's digital landscape, cyber resilience and compliance are paramount, particularly as hacking techniques become increasingly sophisticated. Recently, at Climb24, this topic was explored in depth on a panel discussion.

‍

Hosted by: Alban Tramard, CISO of zally

‍
Panellists:

• Patrick Smith, Founder and CEO of zally
• Kumi Thiruchelvam, COO & Investor at My Voice AI
• Stewart Boutcher, CTO of Veracity Trust Network

‍

Here are the key insights from the panel discussion:

• Early Incorporation of Compliance
  • Compliance should begin from day one, especially from the perspective of a cybersecurity company/development team.
  • The moment interactions with external parties begin, vulnerabilities emerge, making proactive compliance essential.

• Importance of Security Awareness
  • Education and awareness about security risks can equip people with the skills needed to prevent breaches from occurring.
  • The human factor is the weakest in cybersecurity, emphasising the need for ongoing security awareness and training.

• Intellectual Property Protection
  • Protecting intellectual property (IP) is essential when raising funds and maintaining a competitive advantage.

• Quality Equals Security
  • People want to know that they're working with a company that isn’t going to suffer if there is a breach.
  • Reputation is important in this industry.

• Mitigation Strategies
  • No system can be entirely risk-free, therefore mitigation strategies and exercises are essential.
  • Continuous improvement and adaptation are necessary to stay ahead of potential threats, including AI-driven attacks.

• Need-to-Know Basis
  • Restricting access to sensitive information to only those who require prevents information being overshared.

• People, Process, Technology
  • All three elements are crucial in ensuring cybersecurity, highlighting the need for a holistic approach.

• Authentication and Identity Verification
  • Effective authentication methods are key to ensuring security without compromising user experience.
  • Verifying the identity of individuals accessing systems is fundamental to cybersecurity measures.

• Balancing Security with User Experience
  • Intensive security measures can cause too much friction for users.

‍

This discussion highlights the significance of cyber resilience and compliance in safeguarding businesses against evolving threats. As we navigate an increasingly digital world, prioritising security and proactive compliance measures is crucial.

Thank you to Climb24 for having zally on the panel.