Page 10 - Cybersecurity

CrowdStrike sued by fliers after global IT outage disrupted air travel

They said CrowdStrike should pay compensatory and punitive damages to anyone whose flight was disrupted, after technology-related flight groundings for Southwest Airlines and other carriers in 2023

Telangana IT exports clock 11% growth rate to Rs 2.68 trn in FY24

Telangana's total exports in the Information Technology sector reached Rs 2,68,233 crore during the last financial year, reflecting an 11.2 per cent increase from the previous year. This growth rate significantly outpaces the national average growth of 3.3 per cent. An official release from the state government said the sector now supports over 9.46 lakh professionals with a net addition of over 40,000 jobs in FY24, representing a 4.5 per cent increase in employment, it said. Telangana is one of the fastest-growing states in the nation and wants to keep up this momentum by concentrating on high-value, cutting-edge technologies such as artificial intelligence (AI), semiconductor design, cybersecurity, and data science, it said. The state's strategic focus includes expanding its footprint of Global Capability Centres (GCCs), Centres of Excellence (CoEs), and Global Business Support Centres (GBSCs). With over 200 top GCCs already operating in Hyderabad, Telangana is on track to doubl

NPCI reestablishes connectivity with C-Edge following ransomware attack

C-Edge, a joint venture between State Bank of India (SBI) and Tata Consultancy Services (TCS), is a technology service provider that offers services to cooperative and regional rural banks

K'taka govt launches cybersecurity policy, outflow of Rs 103 cr for 5 years

The report stated that Rs 23.74 crore of the total budget would go towards providing incentives and concessions

RBI issues final directions on cybersecurity controls for non-bank PSOs

RBI has given different timelines to these entities, depending on their size, to set up compliance structures

Reserve Bank of India warns of cyber security, frauds due to digitisation

The report said digitisation can also bring new risks and challenges for customer protection and financial stability

PwC India, Microsoft India ink agreement to strengthen cybersecurity

The alliance would use Microsoft Copilot for Security - a generative AI-powered security tool

PwC and Microsoft team up in India to boost cybersecurity with Copilot

PwC India has announced a partnership with Microsoft India to spruce up incident response and recovery capabilities. According to a release, the alliance brings together PwC India's incident management capabilities and Microsoft's advanced technology to protect enterprises effectively, at a time when organisations face increasingly-sophisticated cyber threats. "With the use of Microsoft Copilot (generative artificial intelligence chatbot) for security -- a generative AI-powered security solution, enterprises can leverage Microsoft's large-scale data and threat intelligence security graph with PwC's secure system rebuilding and broader incident management capabilities," the release said. Moreover, faster removal of threat actors can be achieved with Microsoft Incident Response swiftly, identifying and evicting bad actors, while PwC India focuses on rebuilding mission-critical systems securely, it added.

Olympics 2024: Cybercriminals eye 'gold' as millions flock to Paris

Cybersecurity experts say that Indian travellers going to the Olympic event are equally vulnerable to the threats

Cybercrime costs to hit $10.5 trn by 2025: How insurance may save your biz

Cyber insurance is crucial for any organisation that uses digital systems and holds sensitive information

CRPF alerts Indian cyber security agencies to 'indecorous content' on X

The Central Reserve Police Force (CRPF) has flagged the Indian cyber security agencies about instances of some "inappropriate content" popping up on social media platform X on Wednesday when its abbreviated name was searched on the platform. Official sources said the search results on the popular platform pertain to sexually explicit images and links. "CRPF has noticed that social media users may come across some inappropriate content while searching for CRPF keyword on social media platform X. CRPF has raised the issue with relevant authorities and is working to resolve the same," the force said on its official X handle. A source told PTI that the "inappropriate content" was being noticed when the abbreviated version of the force is searched on X (formerly Twitter). The CRPF, with about 3.25 lakh personnel, is the country's largest paramilitary force and is deployed in three major internal security theaters of the country-- anti-Naxal operations, counter-terrorist combat and ...

Crowdstrike's update on Microsoft outage: 'Issue found, fix deployed'

Microsoft outage: Crowdstrike clarified that the outage was not caused by a cyberattack but due a defect in an update, which has been identified, isolated and a fix has been deployed

Different faces of bank frauds

Customer education is the key to combating digital fraud, while improved credit appraisal, underwriting, and risk management can help contain loan fraud

Looking to invest in AI, cybersecurity, Bharat: Accel's Prayank Swaroop

Accel is known for early investments in companies such as Meta, Slack, Dropbox, Flipkart, and Swiggy

Social media platforms worry new data law could affect child safety, ads

Tech giants Google, Meta, YouTube, and Snap are concerned over India's new Digital Personal Data Protection Act's restrictions on behavioural tracking of children as they may compromise child safety

Amidst Chinese cyberattacks, Cisco to set up cybersecurity centre in Taiwan

Democratically governed Taiwan, which Beijing views as its own territory, has repeatedly complained of cyberattacks coming from China

Quad transformed from security dialogue into multifaceted tie-up: Report

The new report titled 'Quad: Diplomacy and Cooperation in the Indo-Pacific' assesses the Quad's achievements and potential amidst the ongoing geopolitical churn

Disruptive attacks doubled, Russia behind many: Europe's cybersecurity exec

Disruptive digital attacks, many of which have been traced to Russia-backed groups, have doubled in the European Union in recent months and are also targeting election-related services, according to the EU's top cybersecurity official. Juhan Lepassaar, head of the European Union Agency for Cybersecurity, or ENISA, told The Associated Press in an interview that attacks with geopolitical motives have steadily risen since Russia's full-scale invasion of Ukraine on Feb. 24, 2022. The number of hacktivist attacks (against) European infrastructure threat actors whose main aim is to cause disruption has doubled from the fourth quarter of 2023 to the first quarter of 2024, Lepassaar said late Tuesday at the agency's headquarters in Athens. It's quite a significant increase," he said. Citizens from the EU's 27 member states will vote June 6-9 for lawmakers in the European Parliament in an election that will also shape the EU's executive branch, the European Commission. Elections, also due

What is 'digital house arrest'? Find out how to avoid this new scam

Digital house arrest - a new form of cybercrime - involves trapping victims in their homes to defraud them where criminals create fear by making audio or video calls, impersonating law enforcement off

Global alternative firm Investcorp acquires NSEIT for Rs 1,000 crore

NSEIT is a leading provider of advanced digital transformation and cybersecurity services focused on global customers in capital markets, insurance, and banking