Now Loading

Utilizing Generative AI to Fortify Cybersecurity — Advanced Strategies for Enhanced System Defenses

Generative Artificial Intelligence (GenAI) is revolutionizing the cybersecurity domain, offering advanced capabilities for threat detection, incident response, and operational resilience. GenAI encompasses a subset of artificial intelligence (AI) techniques that focus on generating new content, such as text, images, or code, based on existing data patterns. In the cybersecurity domain, GenAI is increasingly being utilized to address the growing complexity and sophistication of cyber threats. This article explores how cybersecurity professionals can harness the power of GenAI and other large language models (LLM) to fortify their system defenses.

Anomaly detection system

Gen AI can be employed to develop anomaly detection systems that continuously monitor network traffic, system logs, and user behaviour. These systems use machine learning algorithms to identify deviations from normal patterns, which may indicate potential security incidents or intrusions.

Predictive Analytics

Gen AI can analyse historical data to identify trends and patterns associated with cyber threats. By leveraging predictive analytics techniques, organizations can anticipate future threats and take proactive measures to mitigate risks.

Behaviour analysis and user profiling

Gen AI can analyse user behaviour to identify potential insider threats or unauthorized activities. By building user profiles based on behavioural patterns, organizations can detect anomalies and flag suspicious behaviour for further investigation.

Dynamic Risk Assessment

Gen AI can perform dynamic risk assessments by continuously analysing the security posture of IT systems and infrastructure. By assessing the risk associated with various assets and vulnerabilities in real-time, organizations can prioritize mitigation efforts and allocate resources more efficiently.

Red team automation

Gen AI can automate red teaming exercises to simulate realistic cyber-attacks and assess the effectiveness of security defences. By mimicking the tactics, techniques, and procedures (TTPs) used by real adversaries, organizations can identify weaknesses in their security posture and take corrective actions proactively.

Automated Incidents response

Gen AI can automate incident response processes by analysing incoming threat data and triggering predefined response actions. For example, AI-powered security orchestration platforms can automatically quarantine compromised devices, block malicious IP addresses, or initiate forensic investigations in response to detected threats.

Threat Intelligence Integrations

Gen AI can integrate external threat intelligence feeds into security operations to enhance threat detection and response capabilities. By continuously monitoring and analysing threat intelligence sources, organizations can stay ahead of emerging threats and adjust their defence strategies accordingly.

Natural Language Processing for Threat analysis: Gen AI can leverage NLP techniques to analyse unstructured data sources such as security reports, news articles, and social media feeds for relevant threat information. By extracting insights from natural language text, organizations can better understand and respond to evolving cyber threats.

jitendra

Continuous monitoring and adoption: Gen AI solutions can provide continuous monitoring of security events and adapt in real-time to changing threat landscapes. By leveraging adaptive algorithms and self-learning capabilities, organizations can stay agile and resilient in the face of evolving cyber-attacks.

Overall, Gen AI solutions for proactive threat mitigation and operational resilience empower organizations to anticipate, detect, and respond to cyber threats more effectively, thereby enhancing overall security posture and resilience.

Views Expressed By Dr. Jitendra Mohan Bhardwaj, Group CISO, Tata Advanced Systems Limited.

Oil Prices Surge in Iran Amidst Turmoil; Following President’s Helicopter Crash

Oil prices surged during early Asian trading on Monday, building on gains from the previous week. This uptick came amidst the unfolding search for Iran’s president following a helicopter crash in the oil-rich nation, coupled with the United States’ procurement of crude to bolster its strategic reserves.

Brent concluded the prior week with a 1 percent uptick, marking its first weekly rise in three weeks. WTI also saw a 2 percent climb, supported by positive economic indicators from both the U.S. and China, the globe’s largest consumers of oil.

On Sunday, Iranian officials reported a helicopter crash involving Iranian President Ebrahim Raisi. Authorities expressed concerns for the safety of President Raisi and Foreign Minister Hossein Amirabdollahian.

Despite the tumultuous developments in the region, oil prices exhibited only minor fluctuations. The Organization of the Petroleum Exporting Countries (OPEC) and its allies, collectively referred to as OPEC+, are scheduled to convene on June 1.

“The oil market remains largely rangebound, and without any fresh catalyst, we will likely have to wait for clarity around OPEC output policy to break out of this range. The market also appears increasingly numb to developments on the geopolitical front, likely due to the large amount of spare capacity OPEC is sitting on,” Warren Patterson, head of commodities strategy at ING, was quoted as saying by a news agency.

Leveraging the recent drop in oil prices, the U.S. administration revealed last week its acquisition of 3.3 million barrels of oil at $79.38 per barrel. This move aims to replenish the Strategic Petroleum Reserve, depleted after a substantial sale in 2022.

Additionally, market momentum last week stemmed from indications of decreasing inflation in the U.S., fostering anticipation of potential interest rate reductions. Such cuts might devalue the dollar, potentially reducing oil costs for holders of alternative currencies.

 

 

Edureka offers the University of Cambridge Online’s new Generative AI Course for Business Professionals

Chennai: Expanding on the current trio of courses offered in collaboration with the University of Cambridge Online, Brain4ce Education Solutions Pvt Ltd (operating under the brand name Edureka), a wholly-owned subsidiary of Veranda Learning Solutions Limited, a publicly listed education company, has unveiled its latest addition, Generative AI Course.

In partnership with Edureka, the University of Cambridge Online proudly presents an exclusive program focusing on Generative AI in Business. This course is meticulously crafted to empower learners with the necessary knowledge and competencies for strategically integrating generative AI into organizational frameworks.

Generative AI stands as a catalyzing force across various sectors, fundamentally altering the operational and innovative landscapes of businesses. To enable professionals to leverage the full potential of this cutting-edge technology, the University of Cambridge Online and Edureka have united to develop a comprehensive curriculum, aimed at furnishing learners with fundamental principles and techniques of generative AI.

“We are excited to team up with the University of Cambridge Online to offer this groundbreaking course on Generative AI,” said Vineet Chaturvedi, CEO of Edureka. “As businesses increasingly recognize the transformative potential of AI technologies, it is essential for professionals to stay ahead of the curve and acquire the necessary skills to leverage these advancements effectively. This collaboration represents a unique opportunity for individuals to gain expertise in generative AI and drive innovation within their organizations.”

This distinctive course aims to furnish participants with a profound comprehension of strategically implementing generative AI within organizations to foster innovation, refine decision-making processes, and unlock novel avenues for growth and advancement. Delivered through a blend of expert-led guidance, practical exercises, and real-world case studies, learners will acquire tangible skills and insights that are readily applicable in a corporate environment.

“We are excited to bring this exclusive course to learners worldwide,” stated Ellen Wilson, Managing Director of Cambridge Online Education. “At University of Cambridge Online, we are committed to excellence in education and research. This partnership with Edureka underscores our shared vision of empowering professionals with cutting-edge skills to thrive in today’s dynamic business landscape.”

Upon successful completion of the course, participants will be awarded a certificate from the University of Cambridge Online, validating their expertise in generative AI concepts and their aptitude for their pragmatic application within a business context.

Bharat Loan Launches Bharat Easy EMI, Credit Solution Promoting Financial Inclusion & Flexibility

New Delhi: Bharat Loan has launched a new product called Bharat Easy EMI, aimed at meeting the increasing demand for flexible financing options with competitive interest rates. This inclusive credit solution is easily accessible and employs a fully digital process, offering adaptable repayment plans to suit individual needs. Utilizing an advanced BRE algorithm, it assesses creditworthiness beyond traditional metrics like CIBIL scores, tailoring EMI plans accordingly to provide a wider range of financial opportunities.

This EMI product from the fintech company eliminates traditional lending barriers, prioritizing financial inclusion. Already benefiting over 100,000 customers, Bharat Loan aims to extend its reach further, ensuring access to financial resources for all. They plan to introduce similar offerings to deepen their market presence, particularly targeting young urban professionals aged 25 to 50.

Amit Bansal, Founder of Bharat Loan, said, “At Bharat Loan, we believe financial exigencies should not be a major limiting factor in one’s life. We have been excited to introduce our innovative EMI product, designed to offer flexible loan options for everyone. The lending solution is backed by advanced technologies that not only give a rounded credit assessment of interested individuals but also makes the entire process seamless, offering a superlative lending experience of the borrowers.

We experience a tremendous need from people that have faced financial setbacks due to various personal and market related challenges. By facilitating small ticket enabling credit line to these individuals, we want to build a healthy, empowering and inclusive financial ecosystem in India.”

SIDBI and Airbus Helicopters sign an MoU for helicopter financing in India

New Delhi: Airbus Helicopters and the Small Industries Development Bank of India (SIDBI), the primary financial institution of the Indian government supporting the growth of Micro, Small, and Medium Enterprises (MSMEs), have entered into a Memorandum of Understanding (MoU). This agreement aims to facilitate financing for the acquisition of Airbus helicopters in India.

Rahul Priyadarshi, Chief General Manager of SIDBI, and Sunny Guglani, Head of Airbus Helicopters in India and South Asia, signed the MoU. As per the terms, both Airbus Helicopters and SIDBI will collaborate to identify potential civil helicopter operators in India seeking financing options for purchasing Airbus helicopters. Airbus will offer its expertise and industry knowledge to SIDBI, which will assess these opportunities and provide exclusive financing solutions for Airbus helicopters.

Speaking on the occasion, Rahul Priyadarshi, Chief General Manager, SIDBI, said, “This a new area for financing to helicopter operators by SIDBI and is expected to open new avenues for financing MSMEs related to this segment.”

“The MoU with SIDBI opens a new chapter in making civil helicopters more accessible to operators in India, which will further position these rotary wing aircraft as a critical tool for nation building.

Nuvama Group Appoints Bharat Kalsi as the new Group CFO

Mumbai: Nuvama Group, a wealth management entity in India, has appointed Bharat Kalsi as its new Chief Financial Officer and Head of Strategy. This strategic decision reflects Nuvama’s dedication to strengthening its leadership team and achieving its goal of becoming a dominant global wealth management firm focused on customer satisfaction.

Bringing over 24 years of diverse experience across finance, taxation, investments, mergers and acquisitions, investor relations, corporate strategy, and regulatory compliance, Bharat Kalsi adds a wealth of knowledge to his new position. He has held key roles with renowned organizations such as HCL, HSBC, Max, Tata, and the Bajaj Group. In his previous role, he served as the CFO and led Product & Customer Service functions at Bajaj Allianz Life Insurance. Bharat’s educational background includes an MBA in finance, supplemented by professional certifications in CFA and CPA.

Commenting on this development, Ashish Kehair, MD & CEO, Nuvama Group said “In line with our 5-year vision of becoming the most formidable wealth management organisation, we continue to strengthen our leadership further, and we are very pleased to announce the appointment of our new group CFO, Bharat Kalsi. Bharat will play a pivotal role in the company’s financial reporting, planning & analysis, and in providing strategic direction, reinforcing Nuvama’s commitment to stakeholders.

India’s structural growth journey continues to build momentum as seen with robust GDP, sustained domestic demand and stable macros. This is reflected through healthy corporate earnings of wealth management sector, exemplified by Nuvama’s recent FY24 financial results, which reported a PAT of INR 597 Cr, marking a remarkable 62% YoY growth”.

Bharat Kalsi, Chief Financial Officer & Head of Strategy of Nuvama Group, said, “I am pleased to join Nuvama Group and look forward to working closely with the Board and Management towards ushering a new financial outlook for the group. I thank the Board members, Management team, Ashish Kehair, MD & CEO for welcoming me to the Nuvama Group family.”

 

Upstox Expands Into Insurance Distribution to Broaden Wealth Management Offerings

Wealth management platform Upstox has ventured into the insurance distribution sector, enhancing its comprehensive financial services suite, which already includes stocks, F&O, and mutual funds. Initially, Upstox will provide Term Life Insurance, with plans to add Health, Motor, and Travel insurance soon. HDFC Life is one of the first insurers to collaborate with Upstox, offering its Term Insurance plans on the platform.

India’s insurance penetration is currently at a low 4.2%, with traditional, agent-driven models still prevalent. This market is characterized by a lack of awareness, complex jargon, cumbersome paperwork, and a plethora of choices, often leading to customers ending up with unsuitable insurance plans due to widespread mis-selling.

Upstox aims to revolutionize this process by utilizing advanced technology and industry expertise to simplify the insurance journey. The platform will guide users through tailored questions to help them find the most suitable insurance plans and features a cover amount calculator for accurately determining optimal coverage.

The company emphasizes transparency, providing detailed information on claim settlement ratios over one and three years, complaint volumes, solvency ratios, plan features, inclusions/exclusions, and settlement timelines. This initiative aims to educate users and ensure they make well-informed insurance decisions.

JK Lakshmipat University (JKLU) Strengthens Global Academic Network with Strategic Partnerships

Jaipur: JK Lakshmipat University (JKLU), known for its association with the 125-year-old JK Organisation, continues to expand its global academic influence through strategic partnerships. It is the only Indian university offering exclusive semester exchange programs with premier Indian Institutes of Technology (IITs), Indian Institutes of Information Technology (IIITs), and renowned international institutions, all without tuition fees during the exchange period.

JKLU boasts strong affiliations with top Indian institutions such as IIT Jammu, IIT Gandhinagar, IIT Bhilai, IIT Delhi, IIT Kanpur, IIIT Delhi, IIIT Hyderabad, IIT Jodhpur, and BITS Pilani. These connections enhance its academic network and provide unparalleled educational opportunities for its students.

On the international front, JKLU collaborates with prestigious universities including the University of Florida, University of Massachusetts, University of South Carolina, and Michigan State University in the United States; University of Birmingham and University of Wales in the United Kingdom; Hanyang University in South Korea; Amsterdam University of Applied Sciences in the Netherlands; University of Gyor in Hungary; Edinburgh Napier University in the UK; and Carleton University in Canada. These partnerships offer JKLU students diverse resources, expertise, and global perspectives, significantly enhancing their educational experiences and career prospects.

JKLU students can participate in up to four semester exchange programs throughout their studies, provided they meet the eligibility criteria. Credits earned during these exchanges are seamlessly integrated into their JKLU curricula, ensuring continuity and alignment with their degree requirements.

The Institute of Engineering and Technology (IET) at JKLU, with its laboratories and strong academic partnerships, plays a pivotal role in developing these collaborations. The IET offers advanced programs in fields such as AI, ML, Robotics, IoT, and Data Science, including a modern B.Tech program designed with insights from Olin College of Engineering, as well as M.Tech and Ph.D. programs.

In addition to engineering, JKLU offers interdisciplinary programs in Management and Design, including Bachelor and Master of Design degrees and a Bachelor of Business Administration. These programs are tailored to meet global industry standards, equipping students with the skills needed to excel in a competitive job market.

Diversity, Inclusion, and Employee Well-being is Datamatic’s Approach to Talent Management, says Vanita Kundapur

A comprehensive talent strategy is essential for organizations aiming to attract, develop, and retain top talent. This involves meticulous hiring processes to identify candidates who not only possess the required skills but also align with the company culture. Continuous skill updating is crucial in today’s fast-paced business environment, ensuring that employees remain competitive and effective in their roles.vanita

Human Resources (HR) plays a pivotal role in this balanced approach, acting as a strategic partner in workforce planning, facilitating professional development opportunities, and fostering an inclusive workplace environment that supports both organizational goals and employee aspirations. In this regard ObserveNow Media interacted with Vanita Kundapur, Head – Talent Management, Datamatics Global Services Ltd.

Below are a few edited excerpts from the interview:

What’s your organization’s approach to talent strategy and hiring? Is there a perfect recipe to get it all right or is it always a balanced view?

Our organization’s talent strategy and hiring approach focuses on finding the right fit. We believe there is no perfect recipe but rather a balanced view that considers the individual’s skills, experience, and potential for growth in alignment with the role. Considering the diverse nature of our work and offerings spread across various geos, an approach that we have observed to work well for us is understanding what an ideal candidate for a particular role would be and working backward toward it. It begins with a detailed job description with the ‘must haves’ and ‘good to have’ competencies (Knowledge, skills, and attitude) and selection of the right assessments or tools to help us gauge them.

As an HR leader, how do you ensure that the workforce you have today is the one you need tomorrow? What is your master plan for the skills update of the team?

The only master plan here is upskilling and cross-skilling and doing this across functions and levels. We prioritize this to ensure Datamaticians are future-ready by regularly assessing talent needs while providing opportunities for skills development and career growth.

Earlier, what was majorly applicable to the tech Industry now applies to all of us (including us in HR) thanks to ‘GenAI.’ At Datamatics, we have adopted an ‘AI-first’ approach. We are early movers in this space, be it in our product/ service offerings (some of whom already come with GenAI pricing for total transparency or internal tools enabling Datamaticians on a day-to-day basis. To the extent that this year, we asked Datamaticians globally if they are aware of our ‘AI-first’ Approach, and we received a resounding yes (90 %+). In the last few years, we have brought in additional focus on competencies across the organization, especially in Managerial and above-level roles.

What innovative approaches are businesses adopting to retain top talent in an increasingly competitive market? How are they prioritizing employee well-being and career growth?

As an organization, we prioritize employee engagement, well-being, and development, and we regularly seek feedback from our employees to ensure that we are meeting their needs. Now for the fourth time in a row, Datamaticians have chosen us as ‘Employee Friendly’ for our Annual global survey. Since early 2020 (even before the worldwide pandemic hit us), we have brought in a structured focus on DEI, employee well-being, and mental health through our Datamatics Wheel of Wellbeing initiatives globally. In the Philippines, we have the ‘Fit 2 Lead’ Program to cultivate a cadre of empowered and proficient managers & leaders who possess essential core competencies to lead and inspire their teams effectively. We firmly believe that the collective participation of our managers will not only enrich individual managerial & leadership skills but also contribute to a more resilient and thriving organizational culture.

How do you approach diversity and inclusion in your hiring practices, particularly in the context of hiring veteran workforce or Women returning to work?

Datamatics is committed to diversity and inclusion in our hiring practices and is aligned with UN SDGs toward building a gender-equal world. As shared earlier, our focus is solely on ‘merit’ with programs in place to support individuals for a successful career graph at Datamatics. The Datamatics Diversity Charter (DDC) has laid the foundation for formalizing our D&I commitment as a way of life for us at Datamatics. While recruiting, we try to include as much diversity as possible, especially regarding Generation, Gender, Socio-Economic, People with Disability (PwD), and Language/ Culture.

We welcome applications from veterans (ex-defense personnel) to apply for applicable opportunities, especially in Leadership roles at Datamatics. We have always advocated meritocracy in Datamatics. If any candidate performs well in the initial HR screening (based on the Job Description), online psychometric, and/or technical assessment. In that case, their candidature must be processed ahead and made part of the shortlist from which the selection would occur. Our initiative, Welcome Back: post Maternity second innings, specifically aims to support the process of joining back work after a Maternity Leave, which can often be daunting for a new mother. With the HRBP support, we will make her transition as easy and smooth as possible at this crucial juncture by appreciating and welcoming the lady back into the workforce after her maternity leave.

These continued practices have created diverse in-house role models from various walks of life, be they returnee women, women in STEM, PwD, or members of the LGBTQ+ community.

In what ways can your organization support and empower freshers to understand work life, chart a path for them, and find their sense of purpose in alignment with the company’s vision?

Datamatics provides comprehensive onboarding and tailored training programs to support and empower freshers. We work closely with our new hires to help them understand our company culture, values and to chart a path for their growth and success within our organization. Be it ‘Bonding Time’ or ‘Saarthi’ for all new joiners, with a particular focus on choosing & assigning the right Saarthi (buddy) for the new employee. Additionally, for focused Campus / Fresher program joiners, we chart out a customized training plan with clear inputs from the Business Function to help them ‘Get Set, Go’ to bridge the Campus to Corporate gap, ensure alignment and effectiveness.

Is there any advice you would like to give to the new HR Professionals entering the industry?

My advice to new HR professionals entering the industry is to be agile, keep learning, and aim to build strong relationships. HR is a dynamic and constantly evolving field, so try to stay up to date with the latest trends and best practices, especially in your areas of interest.

Jupiter Money launches ‘Magic Spends’ Feature to Transforms Millennial Saving Habits

Fintech startup Jupiter Money has introduced a feature called ‘Magic Spends’, designed to empower millennials in their saving and investment endeavors.

In response to the growing trend of online purchases among young consumers, particularly through ecommerce and food delivery platforms, Jupiter Money’s latest offering integrates investment opportunities seamlessly into everyday transactions made through its mobile application. Aptly named ‘Magic Spends’, this feature channels a predetermined portion of each transaction made within the Jupiter app into investments in digital gold and mutual funds.

Based in Bengaluru, Jupiter Money announced that users can initiate their Magic Spends journey by specifying a custom investment amount, with a minimum starting point of Rs 10 per transaction. Moreover, users have the flexibility to set maximum investment limits, thereby defining their monthly investment goals. Crucially, users retain full control over their investments, with the ability to pause, cancel, or redeem them at any time.

Magic Spends operates seamlessly with UPI (United Payments Interface) and debit cards linked to users’ Federal Bank accounts within the Jupiter app ecosystem. Notably, Jupiter Money also facilitates savings account openings with Federal Bank and supports UPI-based payments through its platform.

According to data from the National Payments Corporation of India (NPCI), Jupiter app transactions totaled approximately 6 million in April 2024, underscoring the platform’s growing popularity and utility among users. Last year, Jupiter Money obtained a non-banking financing license, further solidifying its position in the fintech landscape.

Upcoming Conferences