Officials from The Trinidad and Tobago Securities and Exchange Commission (TTSEC) and Financial Intelligence Unit of T&T (FIUTT) held a meeting to discuss compliance and other related matters...
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Cybersecurity in T&T needs boost
Vice president of Icons Company Ltd Tarquin Joseph says more needs to be done in T&T to improve the standards of cybersecurity. “I think the standard in T&T, and this is based on speaking with customers we have, the standards in the way we approach security needs to be improved. “You can listen to some of the things you hear in the news about information leaked and things like that. There is a need for greater cybersecurity standards and being able to address those concerns is important,” he said.
Joseph made the comment yesterday at the partnership launch between Icons, a local company, and Palo Alto Networks, a leading Silicon Valley provider of network and cybersecurity solutions, at the Hyatt Regency Hotel, Port-of-Spain. Palo Alto has clients that include the US Army, Apple and Canadian multinational bank RBC, and Palo Alto firewall solutions include application identification in the firewall function, integrated user identification, advanced networking and reporting against threats and zero-day attacks.
Joseph said the partnership with Palo Alto provides solutions that exist in the cyber world for not only business users and people in general. “The solution from Palo Alto Networks is designed to address those types of concerns that organisations are having,” Joseph said.
“It is not just that they are thinking about it, these are issues that they are having right now, the real challenges and problems. They design their product knowing the changes in how people use the internet, not only us regular users but also the malicious users, the hackers who would seek to do harm to the network infrastructure.” Joseph said businesses should not only look at the cost factor, but the value the system brings, when coming to them to install these solutions.
“Expensive is not the word, we need to talk value. “Value is what Palo Alto brings. How costly something is depends on what it is doing and what it allows you to do. These appliances allow you to do a lot to protect your network and to protect you from breaches that will be costly. “There is obviously a cost benefit that will be addressed. The cost of the appliances are comparable to what you would find in any other similar solutions.”
Joseph also said the partnership brings “unparalleled safety” for businesses and companies in T&T. “We look forward to the unparalleled safety and the ease of use of their next generation of firewall solutions to enterprise right here in T&T. Local companies need to take advantage of this.”