Cayman’s small size can lull companies into a false sense of cybersecurity, an expert has warned.
Bruno Delhaise, the general manager for Cayman at Liberty Business, formerly C&W Business, said, “Anywhere where there is information and money, especially our industry, being a financial centre for the Caribbean and the world, that will increase risk for cybersecurity threats.”
But he added some might believe that Cayman was too small to register on the radar of cyber criminals – which was not the case.
Delhaise said that jurisdictions such as Cayman were vulnerable because “things are moving fast, and even faster in the world of AI” and that “businesses need to keep up with the pace”.
He was speaking on 30 April as Liberty Business Cayman unveiled its new corporate identity and a move from the Regatta Office Park on West Bay Road to a new headquarters in Camana Bay at an event at the Hotel Indigo Grand Cayman.
Delhaise said that being a telecoms provider was not enough and that the aim was to make Liberty “a trusted partner” offering far more than connectivity.
He added that increased use of devices such as smartphones “multiplies the threats to an extent that has never been seen before”.
More than just a telecoms provider
Delhaise spoke about how Liberty had evolved in Cayman.
He said, “We are moving from being a telecoms provider to becoming a full-solutions provider and a partner for businesses in the Cayman Islands.”
Daniel Neiva, the chief commercial officer for business to business at parent Liberty Caribbean, added, “This evolution signals a renewed purpose to operate as a trusted digital adviser, a strategic technology partner and a catalyst for sustainable growth in an increasingly connected and data-driven economy.”
He added, “The whole idea is it’s a natural evolution from being a traditional telecom company to being a digital provider and a trusted adviser to companies throughout this transformation.
“We want to be the partner that businesses choose when they look at cloud applications … what infrastructure they need in terms of security, things like that.”
Neiva added, “For Cayman, it means that a lot of this investment will be happening here. We started with the 5G last year.”
He said Cayman now had one of “the best infrastructures” and that it could be used to “accelerate the digital transformation in the country”.
Susanna O’Sullivan, Liberty vice-president for the north Caribbean, said that the speed of technological advances, including the adoption of cloud technology, as well as mobile connectivity, meant that the company had to develop, too.
She added, “In this environment, connectivity alone is no longer sufficient.
“Organisations need partners that understand their ambitions and risks and can translate technology into real-world business value.”
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