The Madras Chamber of Commerce & Industry Hosts Fourth Edition of “Phygital 2024: Securing your Business Information in the Digital Era of Cloud & AI”

The Madras Chamber of Commerce & Industry successfully held the fourth edition of “Phygital 2024: Securing your Business Information in the Digital Era of Cloud & AI” on 8th July 2024. Mr T R Kesavan, President, of Madras Chamber, set the tone for the event in his inaugural address, he said, “Cyber security is moving beyond being a small part of a company’s IT component. It is moving into industries, which have traditionally not taken it seriously. In today’s connected world, cyber-security is what keeps business information safe, and ensures continuity of business.”

The Special Guest for the event for the Inaugural session, was Mr. Ramkumar Ramamoorthy, Partner at Catalincs and Former CMD of Cognizant. In his keynote address, Mr. Ramamoorthy highlighted the critical need for enhanced cyber security measures, stating, “According to a recent Forrester report, we have seen increased ransomware attacks on manufacturing and healthcare companies. Given the increased use of IoT and edge computing in areas such as autonomous vehicles and medical health devices, attacks on products, devices, and real-time systems are bound to increase. It’s not just private corporations, but governments also need to increase their cyber vigil and investments. With many national assets including energy grids and dams getting IoT enabled, governments need to up their investment in cyber preparedness and remediation efforts to protect themselves from non-state actors who are hyperactive in an increasingly polarized world.”

The day-long event hosted cyber-security experts from various industries who emphasized the importance of cyber-security in an era where Cloud and AI adoption is accelerating. The experts covered critical topics such as Digital Assets, Digital Trusts, and Strategies to protect business information.

Panel discussions provided in-depth insights on subjects like “Hidden Risks in Cloud and outsourcing your IT and IT-enabled processes”, “Managing Security Threats in your shop floor, IT & OT Automation”, and “Knowing and Complying with IT and cyber security laws and regulations.”

The audience actively engaged with the experts, gaining valuable knowledge and clarifying their queries in this increasingly crucial domain. The event underscored the growing importance of robust cyber-security measures for every company in today’s digital landscape.

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