Our identities are increasingly online. From credit agencies to our workplaces and to the social media networks that we use every day, we are living online. The supply chains that keep us fed and clothed are all managed through information technology. So you can imagine just how intricately woven technology is in our day to day lives.
“Cutting edge technologies are ruling out brick and mortar techniques, AI is one such technology that is bringing new perspectives.” said John Mutama, Major Account Manager at Fortinet. Rightly so, brick and mortar techniques cannot survive in such a fast paced cyber defence world. Artificial intelligence, on the other hand, is completely revamping the cyber defence landscape. What AI enables cyber defence company’s to do, is to respond in an intelligent way, understanding the relevance and consequences of a breach or a change of behaviour, and in real time develop a proportionate response.
With SACCOs in the picture, it is imperative that SACCOs adopt a digital channel that can minimise human contact. The success of m-Pesa which is the world’s biggest mobile money player also encourages that such an experiment might do wonders in the SACCO space within the continent, but only if cyber security is managed right.
Digitization can also offer SACCOs with the golden opportunity to offer their financial services to the people from all corners of the world. SACCOs can also lure the younger customer base with their latest digital offering.
Implementation of transactions via mobile money also saves the members from physically travelling to collect or repay the cash. This would save SACCO’s members’ time and energy and will enhance the customer experience. It will also eliminate the risk involved in handling physical cash.
An advanced and robust digital platform can integrate several SACCOs having similar group savings models to create a digital dimension or ecosystem. In this ecosystem, members will access to their digital money accounts where they can deposit and withdraw amounts directly into SACCO’s digital wallet.
With all these online, glittering advantages, there is also always the looming threat of cyber attacks.Ai can also benefit cybersecurity with automated techniques to generate whenever cyber threats are detected. Artificial Intelligence is able to analyze massive amounts of data and allow the development of existing systems and software in an appropriate way to reduce cyber attacks.
Similarly, the implementation of AI for cyber security solutions will help to protect SACCOs from existing cyber threats and identify new types of malware. In addition, AI – based cyber security systems can provide effective security standards and help develop better prevention and recovery strategies.
Alternatively, the use of AI for cyber security helps to create a dynamic, real – time, global authentication framework that changes location or network access privileges. Safe to say that Fortinet has you covered in every aspect of cyber defence.
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