Page 4 - Cyber Security

Digi Yatra's international pilot project likely in June: CEO Khadakbhavi

Currently, the Digi Yatra facility is available for domestic passengers at 24 airports across the country

Delhi court grants bail to 9 persons accused in $15 mn cyberfraud case

In July this year, the CBI arrested 43 accused people from a Gurugram call centre in connection with the case

Deepfakes pose growing threat to corporate security and trust, warn experts

AI-driven deepfakes risk financial, reputational damage, call for stricter measures

Indian banks spending less on cybersecurity than global peers, says BCG

Digital payment frauds saw a more than fivefold jump to Rs 1,460 crore ($175 million) in the year ended March 2024 from the previous year

Trading fraud costs 272 Pune residents Rs 125 crore since January 2024

Cybercriminals target people using social media, offering them fraudulent investment opportunities, promising extraordinarily high returns

Piramal Group refutes data breach claims, terms dark web activity as false

Pharma to financial services conglomerate Piramal Group has denied any data breach in its system. A hacker on dark web last week claimed to be allegedly selling a database belonging to Piramal Group. When contacted, a Piramal spokesperson denied the claim. "We can confirm that there has been no data breach at Piramal Group. The suspicious activity on the dark web was evaluated and confirmed by our cybersecurity team as a false claim," the spokesperson said. The spokesperson said that as per the group's investigation, the sample data shared has no relevance to the group. "As per our investigation, the sample data shared is not Piramal Organization data and has no relevance to us. On further investigation, we have also found that the information in question seems to have originated from a third-party platform, Mailinator and not any of the systems at Piramal. Mailinator is not associated with Piramal Group in any form," the spokesperson said. Piramal Group has also shared the same

Hackers leak documents from US Pentagon's IT provider Leidos, probe begins

Leidos recently learned of the issue and believes the documents were stolen in a previously disclosed breach of a Diligent Corp. system it used, said the person, who asked not to be identified

Shortage of professionals, policy gap challenge for cyber security: Report

Shortage of skilled professionals, inadequate infrastructure, regulatory and policy gaps, and public unawareness about best digital practices are among key cyber security challenges in the country, according to a new report. India's Sherpa for G20 and former NITI Aayog CEO Amitabh Kant unveiled the report, prepared by cyber security solutions company Lisianthus Tech, recently in Delhi. The report noted that cyber threats are escalating in the country, with over 116,000 cyber security incidents reported in 2023, marking a significant increase from previous years. It recorded among most notable cyber threats faced by AIIMS, HDFC and Axis banks, Indian Railways and IRCTC, Paytm, Zomato, Indian Oil Corporation, Bharat Petroleum, and National Payments Corporation of India in recent years. "There is a significant talent gap, with an estimated shortage of one million cybersecurity professionals. Many sectors lack the necessary infrastructure to defend against sophisticated cyberattacks. .

Dell teams up with governments worldwide to tackle issues of AI ethics

Dell Technologies is actively collaborating with governments to establish appropriate policies and procedures, ensuring alignment with ethical standards within its probability models

Google targets Microsoft's public cyber failures in bid to steal customers

Google also released a white paper Monday highlighting its rival's security lapses, and is considering launching similarly-themed social-media and advertising campaigns

64% firms report ransomware attacks in India; 65% opt to pay ransom: Report

Cyber Security in India: A report by Sophos found that 65% of those hit by ransomware were inclined to pay the ransom to recover the data with the average cost for data being $1.35 million

Significant percentage of Indian firms hit by ransomware in 2023: Report

Nearly 64 per cent of Indian organisations surveyed were hit by ransomware attacks in 2023, a latest report by Sophos said on Tuesday, noting that while the attack rates fell year-on-year, the impact on victims actually intensified. The average ransom demand was USD 4.8 million, with 62 per cent of demands exceeding USD 1 million. The median ransom paid was USD 2 million, the report by the global cybersecurity solutions provider said. Put simply, ransomware refers to malicious software or malware that seizes files on a computer, network share, backups, and server, and encrypts them, following which the attacker exhorts the user to cough up money to unlock the files. Typically, ransomware attacks come with a timeline, threatening users that if ransomware demands are not fulfilled, the users will lose files. According to the 'State of Ransomware in India 2024' report by Sophos, there has been a decrease in the rate of ransomware attacks against Indian organisations from the 73 per c

McAfee partners with Intel to bring AI-powered Deepfake detector for videos

McAfee said its Deepfake Detector tool will soon be available for English language detection, and it plans on adding support for more languages in the coming months

Israeli cyber security startup Apex gets initial investment from Sam Altman

"We started Apex to build the extra layers of security that's needed for enterprises to adopt (AI)," said Apex's CEO, Matan Derman

India ranks third globally for phishing attacks after US, UK: Report

India ranked as the third-largest country globally for phishing attacks after the US and UK, with its technology sector facing nearly 33 per cent of all such strikes, marking it as the most targeted industry, according to a report. The report by cybersecurity firm Zscaler showed a 60 per cent rise in global phishing attacks over the past year. The ThreatLabz 2024 Phishing Report gathered insights from 2 billion blocked phishing transactions between January and December 2023. "In 2023, India ranked as the third-largest country globally for phishing attacks, following behind the US and UK. The technology industry in India faced nearly 33 per cent of all phishing attacks, marking it as the most targeted sector among industries," the report said. The finance and insurance sector has become the prime target for cyber attackers and witnessed the highest number of phishing attempts in 2023, it added. "The finance and insurance sector experienced both the highest number of phishing attemp

Apple drops term 'state-sponsored' attacks from threat notification policy

Replaces it with 'mercenary spyware' warning in India, 91 other countries

Ransomware attacks continue to loom large over Indian cyberspace: Kaspersky

India, which detected over 2 lakh ransomware attacks in 2023, is likely to see similar onslaughts, cyber security firm Kaspersky said on Wednesday. Kaspersky General Manager for South Asia Jaydeep Singh said researches conducted by the firm have shown that India is consistently among the top 12 targeted countries and territories for Advanced Persistent Threats (APTs). "For three years in a row, file encryption has been the top problem faced by enterprises and organisations worldwide and in India. From the basic ransomware attacks like the Wannacry in 2017, we have reached the era of Ransomware 3.0 where we see triple extortion in the form of distributed denial-of-service (DDoS), reselling of data, and public blackmailing. "This form of attack has a wider impact on the financial and reputation aspect of Indian companies," Singh said. Kaspersky claims to have detected over 2 lakh ransomware incidents on businesses in the country in 2023. According to the company, major ransomware gr

Only 4% of firms in India have 'maturity' to tackle cyber threats: Cisco

82% of respondents said a cybersecurity incident is likely to disrupt their business in the next 12 to 24 months

Financial services firm WeRize becomes the victim of a data breach

No impact on business operations

Combating online frauds: All you need to know about 'Chakshu' and 'DIP'

Minister Ashwini Vaishnaw introduced two new initiatives, Digital Intelligence Platform and Chakshu, as measures to tackle cybercrimes