On March 15th, the Cybersecurity Solutions Day event, organized by the Hong Kong Institute of Bankers (HKIB), officially commenced. The event focused on addressing the increasingly complex cybersecurity environment influenced by AI technologies, gathering globally renowned information security vendors and experts to discuss new trends and models driven by AI in cybersecurity.
NSFOCUS, as a platinum sponsor, made its second appearance at this event, showcasing its innovative achievements in cybersecurity. Dr. Richard Zhao, CSO and COO of International Business at NSFOCUS, participated in the panel discussion.
Financial institutions have always been a primary target for cyber attacks. With the further popularization of digital transformation in the financial industry, the construction of its data security protection system has become increasingly challenging, especially in areas such as data privacy, data ownership, and data compliance. How to use AI to improve operational resilience, enhance intelligent threat detection and prediction, automate response and recovery, analyze user behavior, and strengthen big data analysis capabilities is becoming a focus in promoting effective cybersecurity measures.
Dr. Richard Zhao shared his thoughts on the development of AI and large model technologies during the panel discussion titled “Setting the Scene: The Cyber Threat Landscape and Things that are Shaping the Future of Cybersecurity.” He engaged in dialogue with Mr. David Chan, Chief Information Security Officer of Hang Seng Bank; Mr. Frank Chow, Vice-Chairperson at the Professional Information Security Association (PISA), Eva Kwok, Head of Cybersecurity Hong Kong and Senior Managing Director at FTI Consulting, and moderator Damian Bierman, Managing Director APAC and Co-Founder at Blackwired Pte Ltd.
Taking Deepfake technology as an example, Dr. Zhao discussed the illegal activities of fraud and defamation using AI face swapping and voice changing. He pointed out that identity theft, impersonation, and the spread of misinformation pose threats to the banking and finance industry, as well as national and public security, necessitating heightened vigilance and strengthened defenses.
Additionally, Dr. Zhao mentioned the recently debated first-generation generative AI worm “Morris II,” which can independently propagate between generative AI service systems, steal data, and send spam emails. It has breached the security measures of ChatGPT and Gemini in experimental environments, challenging existing security models. The widespread use of AI has provided cyber attackers with opportunities, continuously leading to new security issues such as data poisoning and large model theft. These trends further underscore the importance of enhancing security awareness and taking proactive security measures.
Based on years of accumulated experience in “AI + Security” and high-quality data, NSFOCUS has launched the large security model NSFGPT. It aims to intelligently solve complex security problems faced in attack and defense scenarios, providing more professional, efficient, and customized threat response and security defense capabilities to better meet the special needs of the cybersecurity industry.
As a pioneer in cybersecurity, NSFOCUS has established long-term and good business partnerships in the financial industry in Hong Kong. In the future, we will continue to adhere to our innovation strategy and explore a broader security market in the financial industry, contributing to the high-quality development of the sector.
