Tech Risks: Older Technologies vs Newer Technologies

Both older (legacy) and newer technologies come with their own sets of risks. Knowing the details of each is vital:

In today’s rapidly evolving technological landscape, understanding the risks associated with both older and newer technologies is crucial for maintaining robust cybersecurity measures.

OLDER TECHNOLOGIES

Older technologies are often times a challenge due to the lack of support, absence of security patches and (sometimes) reduced knowledge in the market to keep it running, observes Spain based Flavio Carvalho, CISO at Iberia at Crédit Agricole Personal Finance and Mobility.

Hemant Kumar, CISO at Bajaj Auto Credit explains that older technologies often lack the robust security features of modern systems. They may not receive regular updates or patches, making them more susceptible to exploits and breaches. As technology advances, older systems may also struggle to integrate with newer hardware or software. This can lead to inefficiencies and additional costs for maintaining or updating these systems.

He adds that manufacturers may discontinue support for older technologies, making it difficult to find replacement parts, skilled technicians, or updates. This can also affect compliance with regulatory standards. Older technologies may not be able to handle current demands or workloads, leading to reduced performance and productivity. Maintaining and repairing outdated technology can be costly and timeconsuming. These systems might require specialized knowledge or parts that are no longer readily available.