Cyber Space

ICRA Analytics ventures into Indian cybersecurity market with Bitsight

ICRA Analytics Limited (ICRA Analytics), a wholly-owned subsidiary of ICRA Ltd, has announced its foray into the USD 3-5 billion Indian cyber security market through a collaboration with Bitsight, a leading global cyber risk management firm and a Moody's partner. This partnership will enable ICRA Analytics to offer cutting-edge cyber risk management solutions to clients across India, the company said. "The Indian cyber security market is estimated to be valued at approximately USD 3-5 billion and is expected to grow at a CAGR of 13-15 per cent over the next five years. ICRA Analytics expects this foray to support its business growth in the future," ICRA Analytics MD & CEO Jayanta Chatterjee told PTI. "Our collaboration with Bitsight will enable us to deliver next-generation cyber risk solutions across India. This strengthens our bouquet of offerings under the risk management platform and ensures access to superior quality cyber risk management frameworks for our clients," he said

Cybersecurity firm Rapid7 attracts acquisition interest from buyout firms

Rapid7 competes in the vulnerability management market against larger rivals such as Tenable, which has also been exploring a sale, and Qualys

KPMG India ties up with Zscaler to help organisations deal with cyber risks

KPMG India-Zscaler alliance will offer broad security services to help organisations understand and effectively manage cyber threats, unique to their businesses

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

Cyber risks biggest threat faced by Indian orgnaisations, says survey

Cyber risks are cited as the biggest threat faced by Indian organisations with 38 per cent of respondents feeling highly or extremely exposed to it, says a survey. With this, cybersecurity has jumped two spots from number three to number one on the risk radar when compared to the 2022 Global Risk Survey, the PwC's 2023 Global Risk Survey- India edition stated. PwC said the final results of the survey are based on 3,910 survey responses from Business and Risk Management leaders (CEO, board, risk management, operations, technology, finance, audit) across 67 territories providing their views on the status and direction of risk in their organisation. 163 Indian organisations were a part of this survey. Other digital and technology risks are also top concerns for business leaders in India (at 35 per cent). To address the challenges, Indian organisations are making bold investments in cybersecurity with more than half of the respondents planning to invest in cybersecurity tools (55 per .

Increased awareness, digital threat drives cyber insurance demand

Cyber-attacks on rise post pandemic; Nearly 40% growth in cyber policies in 2023

Toolkit-based misinfo drive used by cyber criminals, says Amit Shah

Shah said some anti-social elements and global forces are using technology to cause economic and social harm to citizens and governments

Market regulator Sebi mulls consolidated framework for cyber security

Regulator's consultation paper proposes to supersede 15 circulars issued earlier

'Digital nomad', 'pinkwashing' and 'rage-farming' debut on Dictionary.com

Trauma dumping, rage farming, and queerbaiting, which are typically used to describe harmful or toxic behavior, all made their debut

Mondelez Intl expands multi-year cybersecurity contract with HCLTech

HCL will also use its automation and AI capabilities to help Mondelez provide on-demand personalised user experience and accelerated issue resolution to 110,000 employees in 79 countries

After AIIMS, top medical body ICMR's servers under cyber attack: Report

On November 30, hackers made 6,000 attempts in 24 hours to breach the ICMR server firewall, according to a NIC official

India, US must cooperate in climate change, semiconductors: Gautam Adani

The two countries must commit to 'free trade, openness, integration' of economies, says Adani Group chairman in award acceptance speech.

WEF 2022: Making the internet world safer by tackling harmful content

More than 4.7 billion people use the internet and McKinsey projects that roughly $2.5 trillion will be transacted online by 2025

India, UK commit to open, peaceful cyberspace partnership for vision 2030

India and the United Kingdom said that they will work in partnership to increase their mutual cyber resilience, taking a holistic and whole-of-society approach

660 technologies developed under cyber scheme against target of 6,824: Govt

As many as 660 technologies against the target of 6,824 technologies have been developed under the National Mission on Interdisciplinary Cyber-Physical Systems

Must deepen India-ASEAN cyber-space alliance amid digitisation: Official

Speaking at the inaugural session of ASEAN-India Track 1.5 Dialogue on cyber issues, she said there is a greater dependence on digital payment platforms due to reduced cash handling

Algo rhythm: Activity in cyberspace since the revocation of J&K autonomy

According to a report, India witnessed heightened activities by these adversaries post the revocation of Article 370 of the Constitution by the Indian govt in August last year

No place for dark forces in digital space: PM Modi

Also to plug leakages; $10 billion in subsidies has already been saved, he told the Global Conference on Cyber Space.

Use of tech, Aadhaar in govt schemes saved $10 bn subsidy: PM Modi

Modi termed cyber attacks as a significant threat, saying digital space should not be allowed to be used for terrorism

Paris Peace Forum: Jaishankar meets Prez Macron, discusses strategic issues

India has joined France, New Zealand, Canada and several other countries in launching a major initiative to combat terrorism and extremism online and secure the internet.