CXOInsights by CXOCIETY

The 2023 SonicWall Cyber Threat Report claims that IoT malware globally was up 37%, resulting in 77.9 million attacks compared to the 57 million attacks during the same period in 2022. The IoT malware attack volume in Asia rose to 23 million, up 130%. The Nokia 20203 Threat Intelligence Report claims that 60% of attacks against telecom mobile networks are linked to IoT bots scanning for vulnerable...

A 2023 Beyond Identity survey of 1,010 cybersecurity specialists one in six had worked for companies that experienced an AI-fuelled cyberattack, with 59% seeing this in phishing attacks and 39% in malware. The good news (maybe) is that 40% said it took less than 24 hours to detect the attack and respond accordingly. Arguably, the more concerning of the trends highlighted in the report is that 75%...

One of the characteristics of the recent decade is an increasingly connected global community with some events that occur in one region that would impact other parts of the world. In the business community, a recurring theme of the digitalisation era is improving the engagement with the customer.  One of the revelations of the COVID pandemic is just how reliant we are on ecosystems of suppliers an...

Continuity's State pf Storage and Backup Security Report 2023 reveals that on average there are 14 security risks found in a typical enterprise storage and backup system. Out of the 14 risks, 3 are high or critical risks. In the past two years, online backups were frequently targeted as part of ransomware attacks. This led to data being deleted or made otherwise unusable to prevent recovery o...

Fraud, stock-price manipulation, damage to reputation and the brand, sextortion scams that sabotage employee morale, misinformation and disinformation. These are five deepfake scams that Forrester VP and principal analyst, Jeff Pollard warns organisations have to take seriously now before these become weaponised against enterprises. Joining us on PodChats for FutureCISO is Jonas Walker, Director o...

In the report, The Emergence of Offensive AI , Forrester revealed that 80% of cybersecurity decision-makers expected AI to increase the scale and speed of attacks and that 66% expected AI to "conduct attacks that no human could conceive of." When asked to identify which risks they are most concerned about when weaponized AI becomes mainstream, 75% cited system/business interruption while...

Coined in 2019 by Neil McDonald, Gartner defines single-vendor secure access service edge (SASE) offerings as those that deliver multiple converged-network and security-as-a-service capabilities, such as software-defined WAN, secure web gateway, cloud access security broker, network firewalling and zero trust network access. In today's hybrid multi-cloud environment where touchpoints comprise...

We continue to hear that digital transformation remains a priority for many business leaders in Asia. That said, transformation means different things to different functions within the organisation. Yes, there are common themes like enhancing customer experience, improving productivity and greater collaboration not just among employees but even business partners.  But outside of the rhetoric about...

The Gartner report, Emerging Tech Impact Radar: Artificial Intelligence in Banking, reveals that 67% of banking institutions (surveyed) are currently using artificial intelligence in their operations. Use cases for adopting AI include enhancing automation efforts and driving efficiency, improving customer service, reducing operating costs, and boosting data analytics to support data-driven decisio...

Artificial intelligence has been immortalised in movies with hits like "Bicentennial Man", "Upgrade" and its namesake "Artificial Intelligence" by Steven Spielberg.  These days AI is getting a revival in the enterprise following OpenAI's launch of Chat Generative Pre-trainer Transformer on 30 November 2022. The large language model-based chatbot, more popularly k...

In a Forrester survey of 250 IT and marketing professionals, CRM or customer relationship management topped (63%) the list of technologies used by marketing. Customer Data Platforms (57%) and Web Analytics (55%) round out the top three. It is interesting to note that in the same survey, 83% of business leaders admit their MarTech platforms don't work very well together and that 73.5% of CMOs...

Many of the concepts and practices for data protection in general, and backup/recovery (B/R) in particular, have not changed since they were developed in the client/server era.  The basic architecture of these products was designed for array-based data recovery before the concepts of virtualisation and containerization were introduced. Even today, backup/recovery is performed on a periodic, preset...

Backup and disaster recovery solutions came into the market in 1978. At the time, however, the primary concerns were driven by power outages. In some parts of Asia, this remains true today. The Morris worm that hit 10% of internet-connected computers in a span of 24 hours, may have ushered the strategy of wiping systems to get rid of malware – a practice that is still done these days as a last res...

Gartner says the mass availability of generative AI has become a top concern for enterprise risk executives in the second quarter of 2023. It was mentioned by 66% of 249 senior risk executives, just one point behind third-party viability and ahead of financial planning uncertainty. Ran Xu , a research director in the Gartner Risk & Audit Practice says this reflects both the rapid growth of pub...

Mention quantum computing and we get immersed in discussions around optimization, cryptography and research. There is also growing speculation on how quantum technology will alter the information security landscape. To help us better understand where quantum computing is today and what CIOs need to consider as the technology continues to evolve is Scott Crowder, Vice President, Quantum Adoption, I...

 The digitalisation of operations and the increasing use of streaming and internet usage drive demand for data and boost the data centre market with positive long-term growth opportunities. According to CBRE, the strong demand (for data centre capacity) is yielding record-low vacancy rates and the worldwide shortage of available supply is leading to price increases for data centre capacity.  A Cli...

Picking from the lessons learned during the COVID pandemic, the Singapore government is undertaking what it describes as a long-term healthcare reform describing the process as a pivotal phase of its transformation journey. The reform will see the government invest in information technology "focusing on mission-critical national systems for hospital billing, drug ordering and dispensation, an...

Only a few years ago, IT teams and their security counterparts worked in separate silos. But as organizations face escalating threats and breaches, there is a burning need to converge IT observability and cybersecurity. The single biggest driver of this convergence is the need to share critical data to help security teams improve cyber resilience. In this PodChats for FutureCIO, Alvin Tan , Singap...

The 2023 Gartner CIO and Technology Executive Survey noted that even before ChatGPT, one-third of CIOs say their organization had already deployed artificial intelligence (AI) technologies, and 15% more believe they will deploy AI within the next year. But deciding how best to proceed means factoring AI into business value, risk, talent and investment priorities. John Hillery, managing vice presid...

Alan Turing, a British polymath who explored the mathematical possibility of artificial intelligence, suggested that humans use available information and reason to solve problems and make decisions. He pondered the question: why can’t machines do the same? This has become the logical framework of his 1950 paper, Computing Machinery and Intelligence which discussed how to build intelligent machines...

A digital adoption platform (DAP) is a software layer integrated on top of another software application or website to guide users through tasks and functions. Digital adoption platforms aim to help new users quickly learn how to interact with a website or application or assist returning users in learning newly added functionality. This improves onboarding for new users and drives the adoption of n...

Rockwell Automation's 8th annual State of Smart Manufacturing Report reveals that the number one obstacle manufacturers face in 2023 is balancing profitable growth without sacrificing quality. The study also reveals a greater emphasis on accessing data’s true potential, and increasing the adoption of technology to build resilience, enable agility, and increase sustainability. Gartner says two...

Without a doubt, Artificial Intelligence is now a topic of interest among CFOs. How to properly channel this interest into the finance function remains to be seen. Gartner says: To build an AI-driven finance organization for the future will require a combination of technical and business skills that many finance teams do not have today. In today's PodChat for FutureCFO, we are joined by Mark...

In an autonomous finance function , processes and activities are partly governed and majority operated by self-learning software agents that optimize front-, middle- and back-office operations. According to Shannon Cole , senior director analyst, research in the Gartner Finance practice, opines that many CFOs are ill-equipped to identify and address the rapidly evolving digital skills needed in fi...

Network operations teams are struggling with the rapid change in the cloud and dynamic resource orchestration, rendering older technology inadequate for troubleshooting problems. In fact, networking issues cause a large portion of IT outages, and Uptime Institute found nearly 40% of organisations that suffered outages were caused by human error.   As organisations look for ways to improve the oper...