Page 12 - Cybersecurity

To cut a web of frauds, India needs to strengthen security systems

Job scams, Ponzi schemes, blackmail are increasing: Here is what can be done to protect people

Cybercriminals using Twitter Gold to for spreading disinformation: CloudSEK

'The ease of obtaining Twitter Gold has attracted malicious actors who are purchasing and compromising accounts to further their nefarious activities,' read an official release from CloudSEK

Tech Trends 2024: Culturally aware GenAI, femtech, cybersecurity, deepfakes

Industry leaders say technology will continue to change our lives in the new year and the biggest theme that is expected to emerge is the application of generative AI in different sectors

RBI pulls up credit information bureaus on rising customer complaints

The CICs shared their feedback and highlighted the initiatives that are being taken in collaborating with the credit institutions (CIs) for enhancing data quality

TAC Security plans to go public this year, aims Rs 100 cr turnover by 2026

Global cyber security firm TAC Security on Monday announced its plan to go public this year and raise funds from the capital market to expand its operation with an aim to increase its turnover to Rs 100 crore by 2026. SaaS (Software as a service) firm TAC Security, founded by entrepreneur Trishneet Arora in 2013, is one of the leading players in cybersecurity. TAC Security, a pioneer in risk and vulnerability management worldwide, is eyeing a revenue of Rs 100 crore by 2026, a company statement said. However, the company did not disclose its current turnover. According to the statement, the company is aggressively exploring capital-raising options, including an initial public offering (IPO) in early 2024. Beeline Capital Advisors Private Ltd has been appointed the exclusive book-running lead manager for the proposed IPO. TAC Security CEO Arora said, "We are now embarking on our next growth stage, aiming for a nearly ten-fold increase in revenues by FY26 through organic growth and

Cybersecurity firm TAC considering IPO in 2024 among options to raise funds

Company provides services to NPCI, BSE and NSE and has clients abroad

Govt issues warning for some Samsung phones, advises urgent update

Alert states vulnerabilities can allow an attacker to bypass security restrictions and access sensitive info

Protecting Your Digital Identity: Cybersecurity Best Practices for Individuals

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Kaspersky, IIT Delhi partner for cybersecurity talent development in India

Global cyber security company Kaspersky and the Indian Institute of Technology Delhi (IIT Delhi) have signed an agreement to jointly work on cybersecurity-related research and educational initiatives at the institute, the company said on Thursday. Under the agreement, Kaspersky and IIT Delhi will exchange knowledge and expertise, develop educational materials, organise and promote events to raise cybersecurity awareness, and sponsor merit (academic) awards or prizes to encourage IIT Delhi students to pursue careers in ICT and Cybersecurity, the statement said. This partnership will enhance the IIT Delhi graduates' desirability on the job market by adding IIT Delhi's educational and scientific activities of new training courses and programs that provide the graduates with relevant competencies that are in demand. Kaspersky, Managing Director for Asia Pacific, Adrian Hia said that the demand for cybersecurity professionals is expected to grow exponentially as India cements its positio

Our 'Beyond Bengaluru' initiative aims to foster innovation: Priyank Kharge

The government is also focusing on building innovation ecosystems through centres of excellence in various fields

iPhone notifications to MPs: Apple to meet CERT-In officials this month

Apple's cyber security executives from the US are expected to meet officials of CERT-In this month regarding the show cause notice issued to the company in the wake of several opposition MPs receiving a warning notification on their iPhones. Last month, several opposition leaders claimed they have received an alert from Apple warning them of "state-sponsored attackers trying to remotely compromise" their iPhones and alleged hacking by the government. CERT-In, which comes under Meity, had issued a show cause notice to Apple in this regard. On Friday, Minister of State for Electronics and Information Technology (Meity) Rajeev Chandrasekhar said that Apple has to reply to the notice which needs to be done by their global cyber security team. "They have to come here and answer those questions. Basic issue is ongoing," the minister told reporters. He said that the Indian Computer Emergency Response Team or CERT-In has met local representatives of Apple but the issue is beyond their ...

MPs raise concerns over cyber security in the new Parliament building

Parliamentarians on Friday raised concerns over cyber security in the new Parliament building and called upon banks for taking adequate steps to secure the financial assets of public at large. The MPs also stressed on the need to increase cyber security awareness in the country and called for developing a "cyber consciousness index" to guage it. Addresing a meeting of the Committee on Information and Communication Technology Management in the Rajya Sabha in the Parliament House Annexe Building, the members heard top officials of the Ministry of Electronics and Information Technology (MeitY) and the public-sector Punjab National Bank. The committee had met under the chairmanship of AAP member N D Gupta, where the secretary, MeitY gave a presentation to the members on issues of cyber security and the manner in which the ministry and organisations under it are addressing the same. Measures being put in place to enhance cyber security of Member Services and to secure the new building o

UCO fraud fallout: FinMin to meet PSB chiefs next week on cyber security

Sources said that such frauds occurred a couple of times before involving some other public sector banks but went largely unnoticed as the amount involved was small

Logs missing in 42% cyberattacks; small business most vulnerable: Report

Sophos' Active Adversary Report found 83% organisations targeted had less than 1,000 employees

'Indian cyberspace seeing incidents at higher rate than global average'

The Indian cyberspace has seen nearly double the number of cyber incidents as compared to the global average, National Cybersecurity Coordinator MU Nair said on Sunday. Addressing a session on Aligning Technologies to Future Conflicts' at the Synergia Conclave 2023, Nair said ransomware attack payments of nearly USD 1.54 billion have been made on an average over the past 10 months, which has doubled since 2022. These payments are just the tip of an iceberg since several of these incidents go unreported, he said. Nair said the Indian cyberspace has seen cyber incidents at an average of 2127 times during the past six months, which is much more than the global average of 1108. Nair said it's time for countries to rally together to contain and limit disruptive practices on cyberspace. There are a large number of initiatives in this direction under the UN and regional forums where nations are looking for solutions to cyberspace which is not confined to national boundaries, he said. Na

Finance ministry asks PSU banks to take measures to bolster cybersecurity

The Finance Ministry has asked state-owned banks to review systems and processes related to their digital operation in view of the recent UCO Bank incident. According to sources, the banks have been advised to check their cybersecurity robustness and take measures to strengthen them. Banks should keep a tight vigil, and there should be readiness for future cyber threats, sources said. The Finance Ministry and RBI have been sensitising banks on this aspect at regular intervals amid the growing digitisation in the financial sector. Last week, Kolkata-based public sector lender UCO Bank reported erroneous credit of Rs 820 crore to account holders of the bank via Immediate Payment Service (IMPS). During November 10-13, the bank had observed, due to technical issues in IMPS, certain transaction(s) initiated by holders of other banks have resulted in credit to the account holders in UCO Bank without actual receipt of money from these banks. IMPS is a real-time interbank electronic fund

1.39 million cyberattacks handled in 2022, phishing attacks rise: Cert-In

Among 1.39 million cyber security cases last year, vulnerable services made up 875,892 of the total incidents tackled by Cert-In

Deepfakes, AI pose threats to next elections, warns UK cybersecurity centre

Britain's cybersecurity agency said Tuesday that artificial intelligence poses a threat to the country's next national election, and cyberattacks by hostile countries and their proxies are proliferating and getting harder to track. The National Cyber Security Centre said this year has seen the emergence of state-aligned actors as a new cyber threat to critical national infrastructure such as power, water and internet networks. The centre part of Britain's cyberespionage agency, GCHQ said in its annual review that the past year also has seen the emergence of a new class of cyber adversary in the form of state-aligned actors, who are often sympathetic to Russia's further invasion of Ukraine and are ideologically, rather than financially, motivated. It said states and state-aligned groups pose an enduring and significant threat, from Russian-language criminals targeting British firms with ransomware attacks, to China state-affiliated cyber actors using their skills to pursue strategi

Vulnerabilities in India's digital infra spur rise in cyberattacks: Experts

SaaS and conglomerate companies experienced ten times more attacks than the preceding quarter, according to the study

Ransomware gang Lockbit posts what it says is Boeing data on website

Lockbit has proven prolific in the ransomware space in recent months. Just this week, it is suspected to have attacked Industrial & Commercial Bank of China Ltd