Page 7 - Cybersecurity

Email cyberattacks rose by 197% during second half of 2024: Report

Cyberattacks on managed service providers (MSPs) also saw an increase, with phishing being the most commonly used method to infiltrate such networks

Big bucks for big skills: AI, cybersecurity pros see fast promotions, hikes

Top talent in AI, cybersecurity, and leadership roles see 30-40 per cent pay hikes as firms compete for skilled professionals with faster promotions, ESOPs, and long-term incentives

Govt to use AI to track mule accounts in cyber fraud crackdown: Amit Shah

Union Home Minister Amit Shah said that 399 banks and financial intermediaries are now working in coordination with the Indian government

Why RBI has asked banks to change their internet domain name to 'bank.in'?

The Reserve Bank of India (RBI) announced the launch of two domains: '.bank.in' for all Indian banks and 'fin.in' for NBFCs

Strengthening cybersecurity is critical to India's digital backbone: PwC

Small and medium-sized enterprises (SMEs) are particularly vulnerable to cyber hacking and frauds due to limited resources

Indian organisations are mature about cybersecurity: Sophos CTO Aaron Bugal

Aaron Bugal, chief technology officer at global cybersecurity firm Sophos, visited India recently and urged organisations to strengthen security

Greed to fear, the changing face of cyberfraud and India's challenge

India needs to repeat what it did for financial inclusion - launch a nationwide campaign -- to tackle cybercrime

Unlocking India's economic potential: Key tech policy priorities for 2025

This year should be a watershed year, transforming India into a "Product Nation," with Rs l trillion allocated for Research & Development to the private sector

Working on replicating trusted source product rules for power sector: NCSC

The government is working on trusted source product rules for equipment used in the power sector, after implementing it for telecom networks, National Cyber Security Coordinator (NCSC) M U Nair said on Thursday. Speaking at a cyber security conference of industry chamber FICCI, Nair said the implementation of the National Security Directive on Telecommunication Sector (NSDTS) in 2021 has made telecom networks, which is the backbone of entire public digital infrastructure, safe. "I'm sure you would have seen that the US is having a lot of problems with telecom networks. Since 2021, our telecom networks are fairly protected from cyber security vulnerabilities because they have addressed this issue of supply chain. Now should it be replicated in other ministries? This is something which the government is working on with Ministry of Power, because our energy grids need to be protected," Nair said. The rollout of NSDTS has led to virtual ban on purchase of equipment from Chinese ...

As cyberattacks expand footprint, firms will need to focus on data security

Renewed focus on the segment comes in the backdrop of the draft DPDP rules being notified last week

Cybersecurity firm Rubrik expands in India with new Bengaluru office

Cybersecurity firm Rubrik on Wednesday announced its expansion plans in India with the opening of a new office space in Bengaluru. The new facility, which intends to replace the operations of the company's existing two offices in the city over a period of time, is expected to open by mid of 2025. "The new facility will combine product development, product management, customer support, and global recovery operations under one roof," a company statement said. Company co-founder and CEO Bipul Sinha also announced plans to hire talent from India for the expansion. "By investing in top engineering talent, we believe we will continue to create innovative solutions that enhance Rubrik's portfolio and support our global growth," he added. Sinha did not, however, provide a figure and timeline on the same. "India is in the midst of a massive digital transformation, and we believe there is a huge opportunity for Rubrik to help secure its digital future. There is a large pool of talent here.

China protests US sanctions for its alleged role in hacking incidents

China has slammed a decision by the US Treasury to sanction a Beijing-based cybersecurity company for its alleged role in multiple hacking incidents targeting critical US infrastructure, while the Chinese cyber security agency complained Monday of attacks on Chinese networks. Asked about the sanctions against Beijing-based Integrity Technology Group, Chinese Foreign Ministry spokesperson Guo Jiakun said the country has cracked down on cyber attacks and that Washington was using the issue to defame and smear China. For some time now, the US side has been playing up so-called Chinese cyber attacks and has even initiated illegal unilateral sanctions against China, Guo said. China firmly opposes this and will take necessary measures to safeguard its legitimate rights and interests. Integrity Technology Group said the move by Washington had no factual basis. The company firmly opposes the U.S. Treasury Department's unwarranted accusations and Illegal unilateral sanctions on the company,

Sebi issues clarification on cybersecurity norms for regulated entities

Sebi on Tuesday issued clarifications to its Cybersecurity and Cyber Resilience Framework for regulated entities, providing regulatory forbearance and extending compliance deadlines for select categories. The clarification came after Sebi addressed queries from stakeholders regarding the framework introduced in August this year. The framework is designed to ensure that Sebi-regulated entities (REs) maintain robust cybersecurity posture, remain equipped with adequate cyber resiliency measures and can withstand, respond to, and recover from cyber threats, effectively. "With regard to the compliance requirements, which are effective from January 1, 2025, under the framework, regulatory forbearance is provided till March 31, 2025, Sebi said in a circular. During this period, the entities will not face penalties for non-compliance, provided they demonstrate progress in implementing the framework, it added. Further, the compliance deadline has been extended to April 1, 2025, for KYC ...

AI, cybersecurity to drive 1 mn jobs by 2030: Quess IT Staffing report

Strategic investments in upskilling will remain pivotal as the workforce adapts to increasing demand for AI, cybersecurity, and cloud computing

US plans more action against China over telecom hack and cyber threats

As the Biden administration learns about the scope and scale of the so-called Salt Typhoon breach which it attributed to China, officials are laying the blame on companies

Women workforce participation rate in tech sector to reach 14.9% by 2027

Women to drive India's tech industry growth with a demographic shift of skilled professionals. Increasing diversity and rising opportunities for women in the industry will fuel the transformation

Statsguru: India faces growing financial risks from cybersecurity breaches

The number of digital financial frauds rose more than four times in FY24 year-on-year to comprise 80 per cent of all financial frauds

At 5.2 billion, India ranks 2nd globally in encrypted cyberattacks: Report

The United States topped the list with 11 billion attacks between October 2023 and September 2024: Zscaler ThreatLabz 2024 Encrypted Attacks Report

Cyber criminals eye big players for higher payouts, warns Moody's

While ransomware attacks continue to grow in frequency and ransom demands, the share of victims willing to comply with hackers is steadily declining, making larger firms more attractive targets

Around 200k cybersecurity cases pertaining to govt reported in 2023: MoS IT

Around 2 lakh cybersecurity incidents pertaining to government organisations were reported in 2023, Parliament was informed on Friday. According to the Minister of State for Electronics and IT, Jitin Prasada, a total of 204,844 cybersecurity-related occurrences were reported to and tracked by the Indian Computer Emergency Response Team (CERT-In) in 2023. This marks a 6.4 per cent increase from 192,439 incidents in the preceding year. The government is fully cognizant and aware of various cyber security threats and has taken measures to enhance the cyber security posture and prevent cyber-attacks, the minister said. "The policies of the Government are aimed at ensuring an open, safe and trusted and accountable internet for its users," he said. The State has given directions to all central ministries/departments and States/UTs to appoint Chief Information Security Officers (CISOs) to deal with cyber security matters, he said. Additionally, it has established the National Critical .