Applying AI and Machine Learning: Critical StepsHDFC Bank's Sameer Ratolikar on Using the Technologies for Risk Mitigation
Artificial intelligence and machine learning can play important roles in taking a proactive approach to mitigating cyberthreats, says Sameer Ratolikar, CISO at HDFC Bank in India. But organizations adopting these advanced technologies must take several critical steps, he says.
Ratolikar will be a featured speaker at Information Security Media Group's Cybersecurity Summit in Mumbai on Nov. 21, where he will speak on harnessing AI and ML for banking innovation.
"A fundamental prerequisite for AI and ML is creating a data logger," he says in an interview with ISMG. "You take all the data of all your systems - not only your crown jewels but everything in a data center, including your critical customer transaction system, internet banking, mobile banking or card transaction systems - and you bring all this data in a common format and then you apply AI and ML."
In this interview (see audio link below image), Ratolikar also discusses:
- How to handle contracts with third parties;
- How to ensure a data set is clean for AI an ML;
- Whether we need a standard guideline for AI and ML applications.
Ratolikar heads the information security group at HDFC Bank, where he provides leadership on the development and implementation of an information security program. Previously, he served as CISO at Axis Bank.