Oak Integrated Systems hosted an event titled “Build Cybersecurity and Resilience together with Oak 2022” for the Banking, Financial Services and Insurance (BFSI) sector on the 24th of November 2022, at the Galadari hotel in Colombo. Executives and decision-makers from the BFSI sector were in attendance in large numbers, eager to learn about the most recent advancements in cybersecurity and how they could defend their companies from online threats.
The event began with an opening speech by Mr. Mayura Senevirathne, Head of Business at Oak Integrated Systems, who highlighted the importance of cybersecurity in the digital age. He underlined that every firm should place a high focus on cybersecurity and that cyberattacks might have catastrophic effects on companies, their customers, and their other stakeholders.
Following this, the keynote speech was delivered by the event’s chief guest and honorable member of parliament, Dr. Harsha De Silva who elaborated the importance of technology to the growth of the nation and further explained why it’s important for businesses to secure their cyber space, especially for the businesses in the BFSI sector.
Moreover, a panel discussion featuring experts in the field of cybersecurity was moderated by Mr. Nirodha Gunawardhana, Head of Solution at Oak Integrated Systems. The panelists were distinguished members of the industry and vastly experienced in cyber security, banking and finance, and large corporate operations. The panel included Mr. Dilan Walgampaya (Cyber Security Consultant), Mr. Deenadayalan Nagrathnam (Cyber Security Consultant), Mr. Janidu De Silva (Vice President, Information Security at Nations Trust Bank) and Mr. Asela Waidyalankara (Cyber Security Advocate).
The key focus of the panel discussion was ‘Meeting the guidelines of the Central Bank of Sri Lanka (CBSL) Banking Act 2021, which is the set of guidelines for the banking and finance sector. Additionally, they covered a wide range of cybersecurity-related subjects, such as the most recent cyberthreats, the value of providing employees with cybersecurity awareness training, and the role of the government in regulating cyber security.
The panelists emphasized that organizations must constantly upgrade their security procedures to stay ahead of the game as cyberattacks have grown more sophisticated and targeted in recent years. They also emphasized the significance of developing a thorough cybersecurity strategy that encompasses every member of the company, from top executives to front-line staff. As a result, it is crucial that IT security budgets be set aside to assist safeguard companies’ assets and consumer data against these dangers, particularly in the BFSI sector.
After the panel discussion, there was an opportunity for audience members to ask the panelists questions on cybersecurity in a Q&A session. The inquiries covered a wide range of technical topics, including cybersecurity risk management and concerns with encryption and authentication.
Finally, the closing speech was presented by Mr. Sulochana Kariyawasam, DGM/Head of Marketing and Sales at Oak Integrated Systems to thank the attendees and special gifts were presented to 3 lucky participants who entered the event’s raffle draw.
Overall, the event was a huge success and offered insightful information about the field of cybersecurity and how businesses may defend themselves against online dangers. The panel discussion was especially informative because it included professionals with various experiences and viewpoints and gave a thorough picture of the state of cybersecurity in the BFSI industry at the time. It is obvious that cybersecurity is a problem that is constantly changing, and that organizations must be watchful and proactive in order to keep on top of the situation.
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