OMMAX Events

Tech Talks: The art of cybersecurity

We hosted over 70 tech, digital, AI, and cybersecurity experts, industry pioneers, and leading investors to discuss strategies for safeguarding organizations' futures.

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Event recap

Munich, July 11, 2024 | During our Tech Talks: The Art of Cybersecurity, we provided a platform for dedicated networking sessions and an expert panel exploring topics such as the current cyber landscape, cybersecurity trends and best practices, the role of cyber due diligence in tech investments, and the impact of AI in cybersecurity.

The event gathered 70+ tech, digital, AI, and cybersecurity experts at our Munich Headquarters for inspiring conversations around the most pressing topics in the global cybersecurity landscape. Our panelist lineup included Toni Stork (Co-Founder & CEO, OMMAX), Helena Svancar (Partner, Verdane), Jens-Philipp Jung (Co-Founder & CEO, Link11), Bartłomiej Ziółkowski (CEO of CDEX.cloud, a Vector Synergy company), Gerhard Steininger (VP, asvin), and Arwid Zang (CEO, greenhats).

Prevention is better than cure: Key takeaways from the event

Increasing risks and challenges

Critical talent shortage: The cybersecurity sector faces a gap of 4 million professionals, emphasizing the need for more educational and training initiatives.
Evolving threat landscape: AI-driven attacks are on the rise, complicating defense strategies and requiring multifaceted approaches to tackle high-tech and traditional threats.
System vulnerability: Outdated systems in many organizations make them prime targets for cyber threats.
Financial impact: Cyberattacks often result in significant, yet unreported, economic losses.
Budget concerns: There's a noticeable lack of investment in cybersecurity, necessitating a shift in organizational perspective.

Counter-measures and tactics

Leadership commitment: C-level executives must champion cybersecurity, integrating it into the core company strategy.
Comprehensive integration: A robust cybersecurity framework should incorporate advanced technologies, streamlined processes, and resilient products.
Cyber playbook for PEs and cyber due diligence: A well-defined cyber playbook is crucial for safeguarding investments and portfolio companies, and a cyber due diligence should be on the board agenda of every transaction.
In-house expertise and employee training: Dedicated cybersecurity professionals are essential for proactive threat management, and continuous training and simulations (phishing attempts) enhance cyber maturity.
Corporate communication and culture: Regular cybersecurity communication in company meetings fosters a security-aware culture.

Future trends

AI in cybersecurity: AI will play a dual role in enhancing and complicating cybersecurity efforts.
Regulations: Increasing government regulations will aim to protect customer data more stringently.
Ongoing awareness and training: Continuous training is critical as the cybersecurity landscape evolves.
Workforce shortage: Addressing the shortage of cybersecurity professionals remains a top priority.