Patricia Voight, CISO at Webster Bank, shares her expertise on advancing cybersecurity careers, combating financial crimes, and championing diversity in a rapidly changing industry.
In Finance & Insurance, the increased reliance on AI for fraud detection and risk management necessitates a parallel increase in cybersecurity expertise, impacting the sector through increased investment in AI-related security measures, and a greater emphasis on ethical considerations to avoid potential biases in financial decisions driven by algorithms. Failure to address the cybersecurity skills gap will lead to increased financial losses from AI-enabled attacks.
Businesses need to prioritize diversity and inclusion in their cybersecurity training and hiring practices, especially when deploying AI-powered security tools. A diverse team can better identify potential biases in AI algorithms, improve the accuracy of threat detection, and ensure that AI systems are aligned with organizational values and ethical considerations. Proactive mentorship programs can help build a pipeline of diverse talent for future AI-related roles.