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A study by a multinational firm has identified cloud resources as the "biggest targets" for cyberattacks in India. Thales has announced the release of the 2024 Thales Cloud Security Study, its annual assessment of the latest cloud security threats, trends and emerging risks based on a survey of nearly 3,000 IT and security professionals across 18 countries in 37 industries, according to a statement. "The study was based on a global survey of 2,961 respondents, aimed at professionals in security and IT management," it said. The study "identifies cloud resources as the biggest targets for cyberattacks in India". Cloud security spending now "tops all other security spending categories", it added. In India, nearly half (46 per cent) of the respondents reported that all corporate data stored in the cloud is sensitive and 37 per cent of the participating organisations have experienced a cloud data breach in India with 14 per cent having had one in the past year, the statement said. Als
Several multinational companies chose Tamil Nadu to set up their base because of the good political leadership the state offers and an excellent bureaucracy, Venu Srinivasan, the Chairman Emeritus of two and three wheeler major TVS Motor Company said on Sunday. Delivering his address at the inaugural Global Investors Meet 2024 organised by the Tamil Nadu government, he said the vision of Chief Minister M K Stalin to make the state a USD 1 trillion economy by 2030 would be definitely achieved.' GIM 2024 is another important landmark in the series of GIMS that we have been having. We are one of the best performing states in the country and I am very proud to say this as a Tamizhan, he said. Today's GIM is third edition of the event by a state government while past Global Investors Meets were conducted by the then AIADMK government in 2015 and 2019, respectively. Our Chief Minister has an ambitious goal to make Tamil Nadu a trillion dollar economy. I am sure with his leadership, and h
The US, India and about 140 other nations are close to reaching an agreement on the overhauling of global tax norms to ensure that multinationals pay taxes wherever they operate. At a meeting with Finance Minister Nirmala Sitharaman on the sidelines of G20 finance ministers and central bank governors meeting here, US Treasury Secretary Janet Yellen appreciated India's focus on finalizing the "historic Two-Pillar global tax deal" in the OECD's Inclusive Framework. "I believe that we are close to reaching an agreement," Yellen said in her remarks at the bilateral meeting. In a major reform of the international taxation system, about 140 countries, including India, have agreed to an overhaul of global tax norms to ensure that multinationals pay taxes wherever they operate and at a minimum of 15 per cent rate. However, the deal requires countries to remove all digital services tax and other similar measures and to commit not to introduce such measures in the future. Some significant .
With Manipur witnessing violence for over two months, the business community in the state is bleeding red with economic activities almost coming to a standstill. A number of entrepreneurs in the state said on Monday that irrespective of the communities, all sections of the people and their economic activities have been affected by the violence that began on May 3. Corporate leaders who had returned to Manipur after serving long stints at global MNCs outside the Northeast are now questioning their own decisions of investing time and money in their home state. "The impact has been huge. Almost everyone, irrespective of the communities, has been affected. Before May 3, life was pretty normal. For the last couple of years, we were on a path of progress. Businesses were flourishing, people were progressing on day-to-day lives as we were recovering from the COVID-19 impact. "Then this (ethnic clashes) happened. Now our lives have changed, and the way people do business has changed. In fa