AI Readiness in the Caribbean: Leadership’s Guide to Getting it Right
Stuart Hylton
@ Symptai
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@ Symptai
The rising tide of online banking fraud is not just a technical issue; it's a shared societal challenge that demands urgent and coordinated action.
A single ransomware attack can bring a business to its knees, crippling operations, exposing sensitive data, and resulting in significant financial losses.
Think of a password manager as your business's digital vault, fortified against the cyber world's mischief-makers, such as hackers, data thieves, and identity fraudsters.
Endpoints are essential to how modern businesses operate. They connect employees to critical systems, enable remote work, and streamline operations. However, they're also prime targets for cyberattacks.
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Digital transformation isn't just a nice-to-have. It's a must for the Caribbean. By tapping into the power of technology, we can create a region that's not only more resilient but also more sustainable and equitable.
Much like the ancient Greeks employed security strategies to protect their territories and interests, modern organizations must embrace cybersecurity strategies, enhanced by digital transformation, to safeguard their most valuable asset—data.
Ransomware is a serious threat, but it's one that businesses can combat effectively with the proper preparation.
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When a cyberattack occurs, speed and accuracy in response are crucial. CTI plays a vital role in enhancing incident response by providing insights into the tactics, techniques, and procedures (TTPs) attackers use.
Security issues addressed at testing or after deployment has 15X more vulnerabilities and risk to an organization.
Implementing the Cybersecurity Act 2024 is a significant step towards safeguarding critical infrastructure and ensuring robust data protection. Ensure you identify all of your assets, the essential items, and even the people you need to protect.
The freedom to work from anywhere is a remarkable advancement in the modern workplace. However, this flexibility must be balanced with a strong commitment to data privacy.
Don't let compliance slow you down! The road to Compliance by Design may seem daunting, but it's a journey worth taking.
Cybersecurity assessments and penetration tests conducted by Symptai over the past two years have identified 1,882 critical to medium security findings across organisations in these featured sectors.
When sensitive data ends up on the dark web, the damage extends far beyond technical disruption. It undermines confidence in institutions, exposes individuals to fraud, and erodes the credibility that our economies depend on.
Every breach begins with a lesson. Some are about oversight, others about timing. However, they all remind us that silence and complacency carry the highest cost.
Institutions that treat cyber as a pillar of AML can move faster, build trust with regulators, reassure correspondents, and attract younger, more digital-first customers. This is not just about compliance. It's about confidence.
AML teams need to be alerted the moment a suspicious device or session pattern emerges. The entire lifecycle of a financial crime event, from device compromise to transaction flow, must be understood as a single system.
With a score of 5.99 on the 2020 Basel AML Index, Jamaica is among the top ten countries in Latin America and the Caribbean, with the highest risk index of money laundering and terrorist financing.
For Caribbean leaders, embracing AI is not merely a technological upgrade; it is a strategic imperative for economic survival and societal advancement. The potential returns are immense.
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For small-island states with concentrated infrastructure and limited fiscal buffers, these trends create an environment where one severe storm can reshape an entire decade of development.
Poor IT assurance can have serious operational consequences. We have seen institutions suffer service outages and even fraud due to unmanaged risks.
@ Symptai
The freedom to work from anywhere is a remarkable advancement in the modern workplace. However, this flexibility must be balanced with a strong commitment to data privacy.
Data Controllers bear an incredible power - the power to control and utilize data, but with that power comes great responsibility.
Cloud migration is the process of moving data, applications, and other business operations to a cloud-based environment.