Cyber risk management Archives - Altitude Accelerator https://altitudeaccelerator.ca/tag/cyber-risk-management/ Sun, 24 Nov 2024 05:41:19 +0000 en-US hourly 1 https://wordpress.org/?v=6.7.1 https://altitudeaccelerator.ca/wp-content/uploads/2023/11/altitude-favicon-45x45-1.png Cyber risk management Archives - Altitude Accelerator https://altitudeaccelerator.ca/tag/cyber-risk-management/ 32 32 Practical AI in IT Observability with LogicMonitor CEO, Christina Kosmowski https://altitudeaccelerator.ca/practical-ai-in-it-observability-with-logicmonitor-ceo-christina-kosmowski/ Wed, 23 Oct 2024 20:29:43 +0000 https://altitudeaccelerator.ca/?p=137658 Transcript  Hessie Jones Yes. Hi everyone. My name is Hessie Jones and welcome to Tech Uncensored and we are a collision all week and today I am speaking to Christina… Continue reading Practical AI in IT Observability with LogicMonitor CEO, Christina Kosmowski

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Transcript 

Hessie Jones 

Yes. Hi everyone. My name is Hessie Jones and welcome to Tech Uncensored and we are a collision all week and today I am speaking to Christina Kosmowski from logic monitor and I’m so happy to to. Entertain her while we get into the the specifics about our company and what she’s doing differently in this age of artificial intelligence. So welcome. 

Christina Kosmowski 

Thank you. Thanks so much for having me today. 

Hessie Jones 

OK, so I want to. Pull out a couple of statistics, but before. I do that. I want you. To tell me a little. 

Christina Kosmowski 

Bit about your company. All right, so logic monitor, we’re a hybrid observability platform that’s powered by AI. So what does that actually mean? It means that we collect data natively from thousands of different. Environment. So whether it’s from the network to the infrastructure to the cloud. Containers through the application and then because we collect all that data, we’re able to predict anomalies before they become a problem and either bring their systems completely down or there’s performance issues across your entire IT infrastructure environment. 

Hessie Jones 

  1. So here’s some things and I think we just updated some of these metrics. But from a scale perspective, you monitor over a trillion, is that right? Trillion trillion records per day? Three 3 million active devices? Or is that updated as well?

Christina Kosmowski 

 

Billion records? Yes, as per day. Yes, that’s that’s correct. Around 3 million active devices across 100,000. Users, you know we’re in 30 plus countries, you know, so we’re we’re really excited about our scalability, our extensibility, our depth and breadth of of coverage. 

Hessie Jones 

  1. So tell me about. Given the number of metrics that you’re actually supporting, which variables do you specifically prioritize to deliver the kind of service that you do?

Christina Kosmowski 

Yeah. I mean, I think it’s super important that you first and foremost can see everything in your environment. So you need to be able to collect this data from all the different sources. So again, whether it’s your network, whether it’s your database, whether it’s your server, whether it’s a cloud container, you’ve got to be able to see all of it. Collect all of it and then that way you don’t have any blind spots, so once we see and collect it, we then have the context from being able to. Use that that ultimately we can become very predictive and find, you know, with pinpoint accuracy and anomaly before it becomes a problem. And ultimately we can we can, you know, also automate and solve that for for our customers directly as well. 

Hessie Jones 

OK, so you have different companies? Coming in from different verticals. So I would assume that there’s also different thresholds when it comes. To I don’t know, critical infrastructure problems, right? So how do you specifically adapt to each one of those scenarios? 

Christina Kosmowski 

Yeah. So we are a great use case for any type of company across any vertical in any size. So we’ve got a fortune. Healthcare company, you know, big retail name brands, we’ve got financial service institutions, we’ve got your local sports team that all use use logic monitor, but each of that data is collected within their own customer environment data. So it’s their. Data specific to their environment and then we have all the expertise around that type of infrastructure and network data that we collect. And so that data constantly gets smarter because it’s learning from our customers own data and it’s not a bolt on, it’s not a ChatGPT wrapper on top of someone else’s data, it’s actually. Our individual customers data and we don’t share that data across any other customers as well. 

Hessie Jones 

OK so. Let’s talk with some of your top company top clients. You have Coca-Cola, top golf, Airbnb. You said you also had healthcare companies. What are some of the top challenges that that they actually I don’t know try to solve on a day. Day basis. 

Christina Kosmowski 

I mean, first of all, I mean, I think we all see this even in our daily lives. But think about IT environments. They are certainly not getting less complex, they’re getting more complex and their surface areas increasing. So people are adding applications, they’re adding databases, they’re adding infrastructures, they’re moving from the cloud, back from the cloud back on. And so these environments are complicated and so more and more data is coming in as we mentioned just even. On this this podcast we’ve updated. The you know amounts of records that we’re ingesting every single day, and so that’s that’s constantly scaling. So it gets noisy and it’s hard to find the signal between the noise. So if you think about an IT operations. And they’re getting diluted with all these this data, all these alerts and they’re quickly trying to find out what alert actually matters, what one actually can really be a problem for them and make sense of all of it and kind of be able to summarize, you know, all of that together to say, where are these more systemic issues that that I can go proactively? 

Hessie Jones 

So and you mentioned anomalies versus fluctuations and so the systems that you’re using. Are they learning from the? I guess the best practices that the humans have evolved over time, or how much better are they than humans? 

Christina Kosmowski 

 Yeah. I mean, I think, you know, we’ve been using machine learning and stochastic model techniques in our platform since inception. So we were founded in 2007. So for 17 years we’ve been. We’ve been using that, but now with kind of the evolution of the generative AI, we can get even more predictive around where we find these anomalies first and foremost. And then secondly, we can use natural language to summarize this. So now we can start to say, oh, you. 

We had 12,000 alerts. Well now we’re going to bring that down to 100 and be able to say these are the. Specific areas that. Those alerts are happening and now an IT person can actually ask questions. You know, in a in a normal language and say, alright, tell me more about what’s happening here and then we can actually give recommendations on what that root cause analysis is and what they should do. And as they get. Comfortable with that and we can then even start to automate those those recommendations. 

Hessie Jones 

OK, so for your client. Help me understand what’s important for them in order to trust that your system is doing the job that it’s supposed to do. 

Speaker 2 

Doing, yeah, I mean, so we just were working, we just were working with a customer recently and they had an issue that they didn’t know about. Three years and within one hour of giving logic monitor in their environment, they were able to find that. Issue. Yeah, I mentioned the number of alerts that are coming at them. They have 12,500 alerts coming at them. We reduced that by 75% immediately. So I think first and foremost is we’re able to get up and running quickly to show this value early and then they’re seeing these real time results about you know being able to reduce the noise, being able to pinpoint the issue. 

It is impossible to pinpoint and then that’s ultimately making them more efficient so that they can go scale and they can go do more strategic innovative projects instead of being buried in the noise, trying to kind of. Find these these issues. 

Hessie Jones 

Issues. OK, thank you so. So how does your? I guess your generative AI, how is it used? First of all, and how is it helping to adapt and and monitor some of these specific use cases when it comes to the different verticals, but because I’m assuming there’s going to be, there’s going to be. These differences among the different verticals, yeah. 

 

Christina Kosmowski 

I mean, I think I keep going back to we’re not a bolt on, we don’t have a ChatGPT wrapper, we are actually at the first and foremost, we’re a hybrid observability platform. So we collect this data natively. Therefore we use a combination of rag techniques and kind of small language models that get trained on specific observability data, right? So the large language model such as like open AI or even. You know the open source models, like they’re not trained specifically on observability data and we are. We’re trained on that. That’s our bread and butter. That’s what we do. And so we’re in our own customers environments. We’re already that trusted partner in their environment. We’re getting that data natively and so the models are continually getting smarter. You can approve that budget. 

As the customer’s data is continuing  to kind of grow and evolve with logic monitor. 

Hessie Jones 

So you mentioned Reg. Because I just learned about RAG, probably with everyone else like two months ago. What the heck is that? It’s another not another cleaner. It’s actually a technique called. OK. Remind me what it stands for again, because I just had it. 

Christina Kosmowski 

Runtime. Performance and so this is really where. We we’re we’re not reliant on like a single a single large language model. We’re able to go kind of kind of left and get this data kind of real time and and learn on those models instead of being these dependency on kind of these these larger larger models. 

Hessie jones 

So I knew. I don’t know what the R is, but I know it’s oh runtime augmented processing. Is that what it is? OK. 

So I guess from that perspective, because my next question was going to be how you ensure that it doesn’t inadvertently expose sensitive information from one client to the next by it by training it on only observable data, then using Reg, then you’re actually only ensuring that the information that. As is, is what the. 

Christina Kosmowski 

Customers environment, their environment, their own environment and I think that’s super, super important. And you know we take security very seriously. We’ve been you know, we used across thousands of customers. We’ve been in business for 17 years now. So it’s it’s something that’s very important to. 

Hessie Jones 

So tell me about. What makes you unique? Because you’re considered a hybrid? Nature observability. So tell me about that a little. 

Christina Kosmowski 

Yeah, I mean, nobody else can do that. You know, I think, you know back in the day, you had kind of on premise observability tools that were born in kind of the late 90s, early 2000s, then in, you know, the 2010 with the rise of the hyperscalers, you had folks kind of rush to to monitor the cloud. 

 

There was nobody that was bridging those two things together and the world is hybrid. So over 86% of companies are hybrid and expect to remain hybrid for the foreseeable future. So you had that plus the fact that you know IT proliferation is continuing to happen at a pace. That we’ve never seen before. We’re really in this unique position where we can see the step and breadth of information in a single unified view that nobody else can. 

Hessie Jones 

  1. So one last question, Christina, so we know that it we I think we already ran into an AI height about 1.5 years ago. And now we’re generative. AI is a different it’s a different beach. So how do you ensure that you are developing or you’re delivering tangible value to your clients and not just another round? Of hype that. They have to latch on.

Christina Kosmowski 

Too, yeah, definitely. I mean, we use the term practical AI quite a bit and you know everything we do is we innovate with our customers. So this is something that our customers have been asking us for and we’ve been able to Co innovate with them and get you know, again using their real data, solving real business problems that they have and showing those results. In a quick time to value and that’s really why our customers really love working with us. 

Hessie Jones 

Perfect. Thank you so much. Well, thank you and yes. We will be back. 

Host Information

Hessie Jones is an Author, Strategist, Investor and Data Privacy Practitioner, advocating for human-centred AI, education and the ethical distribution of AI in this era of transformation.

She currently serves as the Innovations Manager at Altitude Accelerator. She provides the necessary support for Altitude Accelerator’s programs including Incubator and Investor Readiness. She will be the liaison among key stakeholders to provide operational support and ultimately drive founder success.

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From Data-Driven to Human-Centric: My Journey in AI Ethics and the Need for a New Mindset in AI Development https://altitudeaccelerator.ca/from-data-driven-to-human-centric-my-journey-in-ai-ethics-and-the-need-for-a-new-mindset-in-ai-development/ Fri, 27 Sep 2024 01:11:14 +0000 https://altitudeaccelerator.ca/?p=137556 by Hessie Jones On October 24, 2024, Women in AI Ethics will launch its inaugural Responsible Tech Ecosystem Summit in New York City, in partnership with the Canadian Consulate and… Continue reading From Data-Driven to Human-Centric: My Journey in AI Ethics and the Need for a New Mindset in AI Development

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by Hessie Jones

On October 24, 2024, Women in AI Ethics will launch its inaugural Responsible Tech Ecosystem Summit in New York City, in partnership with the Canadian Consulate and sponsored by Altitude Accelerator. As a board member of Women in AI Ethics, I’m excited to be part of this important event that brings together leaders, innovators, and changemakers in AI ethics and responsible technology.

About Women in AI Ethics

Women in AI Ethics began in 2018, when AI development was rapidly growing. At that time, the widespread testing and use of AI/ML systems led to unintended problems not typically seen in software development. Releasing models online to improve their efficacy has caused many of the harms we face today: proliferation of fake profiles and news, digital surveillance, manipulation and personal targeting, among others.

Mia Shah-Dand founded Women in AI Ethics to tackle the many ethical issues in AI, including its effects on society, in particular, the weaponization against women and marginalized groups. Shan-Dad stated:

“We can’t have a meaningful discussion about AI ethics without including marginalized and underrepresented groups in these crucial conversations.”

As AI became moved into mainstream, it has been clear that those receiving recognition for artificial intelligence were mostly white, and mostly male. Shah-Dand created Women in AI Ethics to amplify recognition and representation of talented women, who are making meaningful contributions across these dimensions: commercial systems and safety, roles and rights, sustainability, digital privacy, fairness and accountability and digital and physical safety.

As we approach the first Responsible Tech Ecosystem summit, I think about my own journey into responsible technology. This is the story of how I evolved from a traditional marketer to a privacy and tech ethicist. My journey reflects the rapid emergence of technology and the pressing need for a mindset shift as everything becomes digital.

The Marketing Years: Everything Starts with Data

After graduating with a business degree, I was drawn to marketing and advertising. For over 20 years, I worked to find the right customers for various products and services. I’ve marketed everything from migraine medication and fast food to credit cards and AI technology. Each project to find the right customer always starts with data.

The role of business is to sell their products and services, and data has become crucial in this goal. As people share more of their lives online – their conversations, behaviors, and even body information – data marketers like me saw many opportunities to capitalize on this information.

The Digital Revolution: A New Area to Explore

When digital marketing emerged, it offered new ways to understand customers. We could now access KPIs like website visits, location information, and search behaviors. Social media gave us a treasure trove of data, with people sharing their lives, opinions, and for the first time, their vulnerabilities online.

I worked at Yahoo!, a publishing and ad platform. We measured success across three pillars: reach, revenue, and engagement. We focused on keeping people on our sites longer, creating more ad views and revenue opportunities. Engagement was the most important metric as we continue to see today.

Capitalizing on Big Data 

In 2011, I started my own Big Data consulting business, promoting the idea of combining purchase information with social behavior data. I thought that if we had a full picture of the customer – from their social profile to their online actions and purchases – we could stop guessing and start predicting how a potential customer would behave.

I worked for a profiling startup that gave businesses insights from social media, including influence, demographics, location, sentiment, and content, to help them know more about their customers as people. Yet another startup, focused on customer journeys with a focus on improving their paths to purchase: for loan adjudication or insurance qualification, or even purchasing vehicles. The value of having an end to end view of each person’s decision journey was compelling to many businesses.

The Turning Point: Seeing the Dark Side of Data

Over time, I began to see the harmful nature of this data-driven approach. The Netflix show “The Social Dilemma” confirmed my growing worries about how platforms change people’s behavior through engagement metrics. My friend and former colleague, Joe Toscano, was one of the voices in The Social Dilemma and he says this:

“There are much bigger problems with how our data is being used… In the attention marketplace, we pay with our attention. If you think about the linguistic mechanics of our new world, we literally say we ‘pay attention to the screen’ or we often tell our friends and family members to ‘quit paying so much attention to your screen.’ Despite this, we, as a society, have never considered ‘paying attention’ as a realized cost or potential harm to consumer welfare. For this reason, we need to take a moment to understand the fundamentals of the mechanics underlying the attention marketplace.”

After 20 years in data marketing, I now see myself as somewhat of an anti-marketer. I realized we were crossing a dangerous line. The issue wasn’t whether businesses needed all that data to make good decisions – in fact, over time, businesses got used to the flood of data collected about everyone. The problem was that technology had set a standard for how information is used, collected, and managed, while rules and regulations fell behind.

From Customer-Focused to Human-Focused

My journey led me to help start MyData Canada in July 2020. This organization works to promote privacy-protecting, free movement of data across borders and technology-aware digital systems. We support a complete privacy system that addresses data fairness, algorithm bias, children’s privacy, and citizen control of information.

The Stories I Write about Technology Expose Much More 

As I started consuming more information in the space, I also found my voice writing for various digital publications including GritDaily, Huffington Post, Towards Data Science, and now, Forbes. In a recent article, I wrote:

“As a writer, I have covered stories about intersectionality and systems of oppression that have shaped technology; I have called out the increasing centralization of authority as Big Tech concentration strengthens at the expense of emerging innovation; I have written about Sam Altman, and the privilege he’s been afforded by Microsoft after he was effectively fired from OpenAI; I have written on the counter-narrative to the dystopian view of AI; I have written about organizations like Proton who continue to combat Big Tech Goliath, and who admonish legislation that increases surveillance across society; I have written about women in AI and the war to quiet the DEI movement in tech and in venture capital; I have written about wealthy investors like Elon Musk who have reshaped social media platforms like X/Twitter to use their power to enable freedom of speech “without fear of retaliation, censorship or legal sanction.” I’ve also written extensively on data privacy, the disrupted alternatives in verifiable credentials, and organizations that are innovating towards compliance.

These are just a sample of the breadcrumbs that have come to shape what society has become today. The emergence of generative AI, how it has inherited and amplified systemic bias, how it’s used to further widen political disparities, and manipulate and spread misinformation seems to be par for the course.”

Joining Women in AI Ethics

As I became more enamored with responsible technology, I was drawn to groups that shared my values. Joining the board of Women in AI Ethics was a natural step in my journey. This organization, which promotes diversity and thinking about the societal impacts, aligned with my changing view on technology and its effects on society.

Women in AI Ethics Responsible Tech Ecosystem Summit 

As we get ready for the first Women in AI Ethics Responsible Tech Ecosystem Summit in NYC, I’m hopeful. This summit is an important step towards change. The event will bring together different voices from the tech industry, universities, and government to talk about the challenges and opportunities in creating a fairer and more ethical digital future. I’m proud to be part of this effort to shape the future of technology in a way that respects human rights, promotes fairness, and puts the well-being of all people first.

The important work led by Mia Shah-Dand and Women in AI Ethics is just the start. It’s a call for everyone in the tech industry to understand the downstream impacts of their solutions and to produce technology that’s fair and creates better outcomes for business and society.

Learn more about the Women in AI Ethics.

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Beyond the Firewall: The Growing Complexity of IT Security in the Age of Digital Transformation https://altitudeaccelerator.ca/beyond-the-firewall-the-growing-complexity-of-it-security-in-the-age-of-digital-transformation/ Thu, 11 Jul 2024 20:08:31 +0000 https://altitudeaccelerator.ca/?p=137145 by Massimo Bozzo In today’s rapidly shifting tech ecosystem, the security and vulnerability of information are leading concerns for organizations across industries. At the same time, managing cyber risks and… Continue reading Beyond the Firewall: The Growing Complexity of IT Security in the Age of Digital Transformation

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by Massimo Bozzo

In today’s rapidly shifting tech ecosystem, the security and vulnerability of information are leading concerns for organizations across industries. At the same time, managing cyber risks and maintaining comprehensive IT infrastructure visibility have only become more difficult. Two industry leaders, Resilience and LogicMonitor, offer solutions that address these critical needs with unique approaches to managing cyber risk and ensuring robust IT infrastructure. 

At this year’s Collision Conference in Toronto, Altitude Accelerator’s Hessie Jones had the opportunity to speak with two leaders in the tech industry: Dr. Anne Irvine, Resilience’s Chief Data and Analytics Officer and Christine Kosmowski, the CEO of LogicMonitor. They discussed the security and vulnerability of information and what their respective companies are doing to combat ever evolving threats.  

Information Security Risks are on the Rise 

According to IBM’s 2023 report on data breach costs, cybersecurity has only become more serious. They claim that “The global average cost of a data breach in 2023 was USD 4.45 million, a 15% increase over 3 years. 51% of organizations are planning to increase security investments because of a breach, including incident response (IR) planning and testing, employee training, and threat detection and response tools. The average savings for organizations that use security AI and automation extensively is USD 1.76 million compared to organizations that don’t.” 

Dr. Irvine also comments on the risks of data breaches, stating “Data breaches were the major headline 10 years ago and really took the cyber insurance market to the next level because they cost organizations so much money and they continue to be a risk to organizations. I think some of these statistics honestly are driven by increased amounts of disclosure. There is no longer a huge amount of reputational harm when a data breach occurs in an organization because they’re more common, and we’re used to them as consumers.”  

Irvine also acknowledges the increasing regulation and guideline regarding what information is disclosed and to whom it is disclosed. In recent years, ransomware attacks have surged, presenting a significant unknown for organizations. The primary concerns involve the likelihood of experiencing a ransomware attack, the methods by which such an attack might occur, the potential costs involved, and the strategies for managing the aftermath. Compared to data breaches, which are relatively well-regulated, ransomware attacks pose a greater challenge for customers due to these uncertainties. 

Adapting to Evolving Threats and Complex IT Environments 

Currently, LogicMonitor monitors over a trillion records per day, manages an estimated 3 million active devices, and supports approximately 100,000 users across 30+ countries. Kosmowski comments on these statistics saying “I think it’s important that you, first and foremost, can see everything in your environment. You need to be able to collect this data from all the different sources, whether it’s your network, database, server, or cloud container– …that way you don’t have any blind spots.”  

Kosmowski adds that once the data is collected and analyzed, it provides the context needed to become highly predictive. This allows for the identification of anomalies with pinpoint accuracy before they become significant issues. Additionally, solutions can be automated to directly address and resolve potential problems for customers. 

Both Resilience and LogicMonitor indicate they can adapt to rapidly evolving threats. “Threats are evolving, threat actors are using new techniques, and we’re responding to those changes really in very real-time,” noted Dr. Irvine. This proactive approach involves quickly understanding and disseminating information about new attack vectors, creating a positive feedback loop that strengthens the defenses of all their clients. 

LogicMonitor’s large client base includes Coca-Cola, Top Golf, and Airbnb and admits addressing the complexity of modern IT environments within them has only become more difficult. Kosmowski explains, 

“IT environments certainly are not getting less complex; they’re getting more complex and their surface areas increasing. People are adding applications, databases, infrastructures, and they’re moving from the cloud, back from the cloud, then back on. These environments are complicated, and so more data is coming in. The number of records we are ingesting every single day is constantly scaling, making it noisy and harder to find the signal between the noise. If you think about IT operations and how they’re getting diluted with all these this data and alerts, they’re tasked with quickly identifying which alert matters.”  

She emphasizes the importance of precise anomaly detection and automated solutions. LogicMonitor’s AI capabilities help filter out noise, allowing IT teams to focus on critical alerts and systemic issues, thus improving overall operational efficiency. 

A Holistic Approach to Cyber Risk Management 

Kosmowski explains how cyber risk management has evolved and how companies need to adapt to this change: “Back in the day, you had on-premise observability tools from the late 90s, early 2000s, then in the 2010s with the rise of the hyperscalers, folks rushed to monitor the cloud. There was no one bridging those two things together and the world is hybrid. Plus, IT proliferation is continuing to happen at a pace we have never seen before. LogicMonitor is really in this unique position where we can see the scale and breadth of information in a single unified view that nobody else can.” 

Resilience offers a comprehensive solution that belies traditional insurance services. Dr. Irvine emphasizes their balanced approach: “We provide our customers with a comprehensive risk management solution that includes insurance as well as additional products and services that help our customers better manage their cyber risk comprehensively.” This strategy helps companies navigate the complexities of cyber risk by investing in cyber controls, enhancing security teams, and opting for robust insurance coverage.  

LogicMonitor offers a robust hybrid observability platform powered by AI. Kosmowski highlighted the platform’s capability to provide a unified view of IT infrastructure, covering networks, infrastructures, cloud containers, and applications. “LogicMonitor is in a unique position to see the step and breadth of information in a single unified view that nobody else can,” she stated. This capability is invaluable for organizations managing hybrid environments, which are becoming increasingly common. 

Leveraging Real-Time Data and AI 

Both Resilience and LogicMonitor leverage real-time data to enhance their offerings. Resilience’s dual role as a technology provider and insurance carrier provides unparalleled insights into the financial impact of cyber-attacks, enabling them to guide companies in making informed decisions about their cyber risk management strategies. “We are seeing how these attacks happen and how much they cost because we’re working with companies as their insurance provider. We know how they play out and really the dollars and cents that are at stake in a way that puts us in a really good position to talk about things like ROI on different investments into security controls as well as insurance.” Dr. Irvine explained. 

LogicMonitor has integrated machine learning and stochastic model techniques since its inception in 2007, with recent advancements in generative AI further enhancing their predictive capabilities. By summarizing vast amounts of data into actionable insights, Logic Monitor allows IT personnel to ask natural language questions and receive clear recommendations, enabling more effective root cause analysis and automated solutions. 

Proactive Defense and Building Trust with Clients 

Both companies identify the challenge of staying ahead of threats and defending their customer’s data, although the larger issue at hand is combating against new technologies that are evolving into more powerful threats. Resilience’s proactive defense strategy involves investing heavily in security research to continuously monitor cyber criminals’ tactics and techniques, allowing them to preemptively disrupt malicious activities. Dr. Irvine likened their approach to playing whack-a-mole: “The minute we identify something, we create a system that can stop future attacks of that kind.” 

Similarly, LogicMonitor builds trust with clients by demonstrating quick value through immediate results, establishing its reliability and efficacy. “Everything we do is innovating with our customers,” emphasized Kosmowski. This customer-centric approach ensures that the platform addresses real business problems with real data, delivering quick and meaningful results.    

The Future of Cybersecurity  

Dr. Irvine envisions a future where the cybersecurity industry undergoes significant disruption, with a greater emphasis on data-driven risk management. “The cybersecurity industry is going to be disrupted severely. We start to think about cybersecurity more as a risk and we start to put more data and more dollars and cents around some of these analyses,” she predicted.   

As the industry matures, Dr. Irvine anticipates a shift towards more transparent and effective cybersecurity solutions, reducing the prevalence of smoke and mirrors in the marketplace. She also claims that “AI and LLM’s will take over jobs. There will be automation, and we’re going to need to upskill individuals for their sake and for the sake of us solving some of these hard problems. It’s just a challenge for all of us to figure out how.” 

Kosmowski also remarked that the industry must remain on top of what will continue to be a definitive risk to organizations, “Over 86% of companies are hybrid and expect to remain hybrid for the foreseeable future, plus we know IT proliferation is continuing to happen at a pace that we have never seen before.  

The security and vulnerability of information in today’s digital landscape require innovative and agile approaches. Resilience and LogicMonitor exemplify how their unique solutions in comprehensive risk management with advanced observability can safeguard businesses from costly cyber-attacks and ensure robust IT infrastructure. As cyber threats continue to evolve, these companies’ proactive and data-driven strategies set a new standard in the industry, demonstrating that with the right expertise and tools, cyber risk can be effectively managed. 

Discover our Investor Readiness and our Market Readiness programs! Email us at info@altitudeaccelerator.ca to find out more!

ABOUT THE AUTHOR: Massimo Bozzo is an interactive media writer with Altitude Accelerator, a non-profit innovation hub and business incubator which provides programs to help founders grow and scale. Massimo is currently pursuing his undergraduate degree at the University of Toronto Mississauga in Professional Writing and Communication where he has written and published several works through various campus publications.   

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