Page 13 - Cybersecurity

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

Indian firms cannot prevent almost half of cyber attacks, says Report

Indian organisations are incapable of preventing almost half of cyber attacks as 64 per cent of cybersecurity teams are too busy fighting critical incidents to take a proactive stance, claims a report. As many as 78 per cent of Indian respondents believe their organisations could better defend against cyber attacks with more resources dedicated to preventive cybersecurity, but seven in 10 (71 per cent) organisations say their IT teams are more concerned with uptime than patching and remediation, the report by Columbia-based cybersecurity company Tenable said. The disparity results in a lack of coordination between the two teams, a challenge acknowledged by 43 per cent of Indian organisations, the report based on an online study of 825 IT and cybersecurity professionals, of which 69 were Indians, conducted in 2023 stated. Eight in 10 respondents (81 per cent) said their organisations use a third-party programme for SaaS apps and services. However, only over half (54 per cent) have ..

BS BFSI Summit: 'Cybersecurity took a back seat in post-Covid Cloud rush'

Bellary pointed out that while the Cloud offered flexibility and agility to accelerate transformation significantly, cybersecurity is still trying to catch up

'Data law prompting organisations to make investments in right frameworks'

Lucas Salter, GM - Asia Pacific and Japan, Data Protection Solutions at Dell Technologies discusses cybersecurity, data laws, and evolving threats

AI exploitation by cyber criminals escalates online security risks

Advanced AI tools are being weaponised by hackers, elevating threats to businesses and individuals

90% firms experienced cyberattacks; 83% opted to pay attackers: Report

The 2023 Chief Information Security Officers (CISO) report found that 86% security officers believe generative AI could bridge skill gap in their security teams

Isro fights over 100 cyber-attacks every day, says chief S Somanath

"The organisation is equipped with a robust cybersecurity network to face such attacks," he said

Quick Heal soars 36% in 6 days after Sequoia Capital offloads entire stake

Since April, the stock price of Quick Heal has more-than-doubled or zoomed 140 per cent.

Bengaluru police get over 15,000 SIM cards used by fraudsters blocked

The city police have identified and blocked in the last three weeks more than 15,000 SIM cards used by fraudsters to cheat residents of Bengaluru, in a bid to curb cybercrime. The police action came after a surge in cases of cybercrime registered across its city limits, they said on Saturday. According to the police, a special drive was started on August 16 with an aim to check incidents of cybercrime in the city. As part of the initiative, the police have managed to identify and get blocked 15,378 SIM cards from August 16 to September 7. Most of these SIM cards were found to be operational in northern India and were used by fraudsters to cheat residents of Bengaluru through various fraudulent modus operandi. "Since January this year, there has been a surge in cases related to cybercrimes and we received a lot of complaints where the victims shared contact numbers through which they were approached by fraudsters with various schemes and were ultimately duped by them. So, we identif

Google Cloud partners with CERT-In to train govt officials in cybersecurity

The initiative includes training a 'cyber force' of 1,000 government officials in cyber defence best practices.

Google Cloud partners with CERT-In to train govt officials in cybersecurity

Google Cloud on Thursday announced its partnership with the government's computer emergency response unit CERT-In to train 1,000 government officials and provide 1 lakh cybersecurity certificate scholarships to learners. CERT-In is part of the Ministry of Electronics and Information Technology (MeitY), which deals with cybersecurity threats, hacking and other cyber related issues. The 'cyber force' of government officials will be trained in cyber defence best practices, including use of generative AI, and conducting cybersecurity AI hackathons led by Google Cloud and Mandiant experts, the American technology giant said in a statement. CERT-In Director General Sanjay Bahl said, "Cybersecurity is the cornerstone of our digital future, and harnessing the power of generative AI will help to stay ahead in this ever-evolving landscape. The collaboration will ameliorate and crank up the generation of skilled manpower in the area of cybersecurity and generative AI in our country." Google .

Exploring govt partnerships in generative AI space: Google Cloud India MD

We are working with one of the state governments, to help them with population immunization and vaccination programmes based on the data available

Technical issue with UK's air traffic control to cause chaos for days

The UK government on Tuesday said that though the air traffic control technical issue that led to the severe disruption of hundreds of flights and left thousands of passengers stranded has been resolved, routes will continue to be affected as airlines scramble to recover from the domino effect on their schedules. However, Transport Secretary Mark Harper stressed that the air traffic control outage behind the chaos on Monday was not caused by a cybersecurity incident. UK Transport Secretary Mark Harper said that while the technical issue has been resolved, flights will continue to be affected as airlines scramble to recover from the domino effect on their schedules and accommodate stranded passengers on alternate flights. As the spectre of a hacking attempt was raised across social media, the minister also dismissed that as a factor behind one of the worst air system failures seen in the country in at least a decade. "Something on this scale hasn't happened for almost a decade ...