Page 5 - Cybersecurity

CloudSEK sees 5-fold jump in valuation in $19 million fundraise round

Cybersecurity firm CloudSEK has raised USD 19 million in a fresh funding round from a clutch of investors at a five-fold increase in valuation to around USD 118 million (about Rs 1,000 crore) compared to its previous funding round, a top company official said. CloudSEK Co-Founder and CEO Rahul Sasi told PTI that the company has raised fund after a period of three years, mainly to set up its operations in the United States. "We have raised USD 19 million from some of the strategic investors after a period of about three years. In three years, our revenue has grown five times, and so has our valuation. We have raised funds at a valuation of around Rs 1,000 crore mainly to set up our US operations," Sasi said. The round saw participation from a mix of India and US-based investors, such as MassMutual Ventures, Inflexor Ventures, Prana Ventures, Tenacity Ventures, and select strategic investors, including Commvault. Meeran Family (founders of Eastern Group), StartupXSeed, Neon Fund and

LTIMindtree signs $450 mn deal, its largest yet, with agribusiness firm

Seven-year contract includes AI-powered model for application management, infrastructure support and cybersecurity; firm sees boost in shares after announcement

BSE urges market players to enhance cybersecurity amid rising threats

BSE has asked brokers and traders to assess their systems and implement cybersecurity measures in line with Sebi's CSCRF after a CERT-In warning on BFSI sector

CII releases guidebook on adoption, governance of AI for board leaders

Industry body CII has released a 'guidebook on effective adoption and governance of AI for board leaders', amid the rising use of Artificial Intelligence in businesses and the essential role of board engagement in supporting effective and meaningful AI governance. AI requires careful governance to fully harness its potential while mitigating the risks and challenges it presents, CII said in a release, adding that the guidebook aims to serve as an effective tool for the board of directors to navigate the intricate landscape of AI governance and drive better business outcomes. It encompasses basic concepts related to AI, its use in various business functions, criticality of AI governance and its framework, risks and challenges and its governance and liabilities of directors associated with deployment of AI in businesses. It outlines the essential role of board engagement in supporting effective and meaningful AI governance, and underlines the importance of aligning strategies with ...

Infosys completes ₹532 crore acquisition of Australia's The Missing Link

The acquisition, completed via Infosys Singapore, will strengthen Infosys' global cybersecurity operations and bolster its presence in the Australian market

Expanding services in cybersecurity, Cloud computing, says Akamai exec

Data sovereignty and technology costs 'extremely critical' issues for Indian companies, says Mitesh Jain

COAI urges equal cybersecurity rules for telcos, OTT communication apps

Industry body COAI on Tuesday said similar cybersecurity and regulatory rules should govern players, be it telecom operators or OTT communication applications. In a statement on the 'need to address spam calls and messages', the association argued that for a number issued by a telco to a subscriber, the operator takes the onus and responsibility and if required, it can provide all assistance to enforcement agencies. "However, in this same example, there could be instances whereby an OTT Communication Application used on the same number, may be utilised in another handset of the user, carried beyond the limits of a city/state, and may be used for illegal purposes. "Here again, while the telecom number can only be traced to the city where the mobile is residing, there are no ways to trace the activities of the OTT Communication App which was initially issued on the mobile number, but is now running off a separate handset, while the SIM is on a different handset," said Cellular ...

Make UPI robust to prevent disruptions, FM Nirmala Sitharaman tells NPCI

UPI, India's real-time payments system, faced a fourth glitch in more than two weeks on April 12

Kaspersky bets big on India, focuses on strengthening resources, R&D

Cybersecurity firm Kaspersky is betting on India as a strategic growth market, recognising the country's rapid digitalisation and increasing cybersecurity needs, and aims to expand local teams and strengthen collaborations across various sectors. General Manager for India region at Kaspersky Jaydeep Singh shared that the company has tripled its workforce in the country in the past two years, with new hires in sales, pre-sales, and support roles. He also highlighted the presence of global research teams based in India that monitor more than 900 advanced persistent threat (APT) groups daily. "In the last two years, we have tripled our employee base in India...We have part of the global research teams based out of India who do the threat hunting," Singh told PTI on the sidelines of GITEX Asia 2025. GReAT (Kaspersky Global Research and Analysis Team) plays a crucial role in Kaspersky's global threat intelligence operations. Kaspersky is investing in digital footprint intelligence (DFI)

Kaspersky logged strong double-digit growth in India in 2024: APAC MD

Global cybersecurity firm Kaspersky has recorded a very strong double-digit growth in India in 2024, according to Kaspersky APAC MD Adrian Hia. Speaking at GITEX Asia 2025, Hia said India is a key growth market for Kaspersky, alongside Hong Kong, Indonesia, Vietnam, and China. "The company has invested a lot in APAC... in most of the Southeast Asian countries and also in India, we have increased our capabilities by coverage, by support, by in-house researchers, in-house analysts, making sure that we can provide you the best. "Last year was a record year for the company...many countries in APAC. Notably, whether it is Hong Kong, whether it is Indonesia, Vietnam, India, China, we actually have very, very strong double-digit growth," Hia said. Hia highlighted that the company's APAC operations, now in their 25th year, are built on three core pillars: people, partners, and products. Across APAC, Kaspersky has cultivated an extensive partner network, currently comprising over 3,000 ...

What's needed to fight rising threat of money mules in digital age

India is tackling the menace with collaboration, information sharing, technology, stringent monitoring of accounts, and consumer education

Infosys announces acquisitions in consulting and cybersecurity space

Both the acquisitions are expected to close during the first quarter of financial year 2026 (i.e. quarter ending June 30, 2025), subject to customary closing conditions

AI, data science engineers getting paid up to Rs 50 lakh: Quess report

Jobs in generative artificial intelligence (GenAI), platform engineering and UI/UX have reported growth of 32 per cent, 26 per cent and 25 per cent, respectively

India has a key role in global cybersecurity, says Germany's Maria Adebahr

Maria Adebahr, Director for Cyber, Foreign and Security Policy at Germany's Federal Foreign Office, praised India's strategic importance in the evolving digital landscape

Neptune RAT virus infecting Windows PCs through YouTube, steals passwords

Neptune RAT is capable of replacing users' crypto wallet addresses, stealing passwords from over 270 applications, including Chrome, and demanding ransom from them

'Cybersecurity likely to become key feature in next-gen connected vehicles'

With cars and transport vehicles becoming more connected and software-driven, automotive cybersecurity is likely to become a standard feature much like airbags or traction control, according to industry experts. While many global players are racing to build cybersecurity solutions for the auto sector, some mobility platforms have begun testing Intrusion Detection and Prevention Systems (IDPS) and Vehicle Security Operations Centers, they said. Next-generation vehicles face cybersecurity risks like tampering with internal vehicle network, GPS signal spoofing and remote control of steering and braking systems and others. The car makers say they are implementing advanced technological measures to safeguard vehicles to address rising cybersecurity threats. Vikas Chaudhary, the founder of cybersecurity firm HackersEra, said that digital safety tools will become must-have features in vehicles just like airbags and traction control features which are mandated by regulatory bodies ...

SC refuses to entertain plea for social media ban on children under 13

Supreme Court declared the issue of regulating children's access to social media a policy matter

US slams India's local testing norms, standards for telecom and electronics

USTR report trains its guns on scheme mandating telecom equipment meets cybersecurity standards

WazirX parent verifies platform assets, liabilities before creditor voting

The independent assessors (IA) verified the existence, control, and quantity of the platform assets

VC firm Endiya says it ranks among India's top-performing seed investors

'For every $1 we invested, our portfolio companies raised over $50 in follow-on capital,' says top executive