AI Readiness in the Caribbean: Leadership’s Guide to Getting it Right
Stuart Hylton
@ Symptai
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@ Symptai
With the COVID-19 global pandemic now in full effect, the execution of Business Continuity Plans (BCP) have taken the forefront in the past few months.
With the Corona-virus dominating the news cycle, and governments ramping up their efforts to combat the virus to protect their citizens, the pandemic provides a perfect backdrop for cyber-attacks.
Unless you’ve been living under a rock, you must have noticed Privacy has become a huge buzz word among companies and professionals worldwide.
As we face the pressure of the current pandemic, let us not forget to protect our loved ones from cybercriminals.
If the events of 2020 taught us anything, it’s that we should expect the unexpected.
Remote work. Business continuity plan. PIVOT.
The secret to a great lasagna is in the layers; similarly, the ‘sweet spot’ for your business network security is in its layers.
In Recent News, Twitter’s Security Incident made headlines for a few days due to a malicious attack, dubbed a “Coordinated Social Engineering Attack” on its employees.
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.
The ugly truth about money laundering in our economy is that Jamaican businesses outside the regulated financial section have been found lacking.
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.
@ Symptai
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.