AI and ML can Enhance or Disrupt Cybersecurity (as can Quantum Computing)

Artificial Intelligence and Machine Learning are becoming major components of cybersecurity. They are playing a major role in detecting threats in this age of increasingly sophisticated attacks. Perhaps the most common use of AI is for detection of fraud, scams and botnets. But generally, AI and ML have become essential for effective cybersecurity systems.

On the negative side, AI and ML in the wrong hands are making life difficult for those who want to protect their systems. They are crucial for gathering data in profiling victims, ransomware, deep fakes and other contemporary intrusion/scam techniques. For more on this, click here.

An interesting future development is the advent of quantum computing, which departs from the binary computers we mostly have today. Binary computers store information using bits that can either be 0 or 1. A quantum computer uses quantum bits, or qubits, which can be 0 or 1 or anything in between. Thus the computing power of a quantum computer is vastly greater than that of a binary computer, which means that cybersecurity systems built for binary computers can quickly be overcome by quantum computers. Defense will require the use of quantum computing. While this is not common now, it will be in future. -GDT

Mental Health Issue

The theme of the recently released Summer issue of ThinkTWENTY20 Magazine is Mental Health. It describes a major research project being carried out by numerous universities working together. It also contains some very personal experiences as well as some approaches to dealing with this crisis.  WHO says that “Depression is one of the leading causes of disability. Suicide is the second leading cause of death among 15-29-year-olds. People with severe mental health conditions die prematurely – as much as two decades early – due to preventable physical conditions.  Despite progress in some countries, people with mental health conditions often experience severe human rights violations, discrimination, and stigma.”

These issues need to be addressed and it is hoped this last issue of ThinkTWENTY20 will contribute to the conversation. The issue can be obtained at https://bit.ly/3wZdeS4

How Boards can Deal with Digital Transformation

Harvard Business Review recently ran an article on questions Board should ask about digital transformation. They ran it because boards are usually hampered by their limited knowledge of technology. They need help with this, not to make technology experts out of them, which isn’t likely to happen, but to change their perception of the role of technology in the company. Often, there is still the perception that technology is a side issue that needs to be dealt with by the technical people. Some awareness training has yielded results by making them realize that it is a responsibility of the CEO, not just the CFO, and needs to have a central role in the company. 

To take it a step further, the board needs to understand how tech fits into their business strategy. Often they have a short term outlook in assessing this, but they need a long term strategy. They also need to know how to measure the results. And while boards have made progress in understanding cybersecurity, digital transformation has the effect of expanding the range of risks encountered.

The five questions HBR identified are:

1) Does the board understand the implications of digital and technology well enough to provide valuable guidance? 

2) Is the digital transformation fundamentally changing how the business (and sector) creates value? 

3) How does the board know if the digital transformation is working? 

4) Does the board have a sufficiently expansive view of talent? 

5) Does the board have a clear view of emerging threats?

See the article here

CPA Founding Partner

Chartered Professional Accountants of Canada (CPA Canada), one of the largest national accounting organizations in the world, has chosen to become a founding partner of ThinkTwenty20.