Page 7 - Cybersecurity

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 .

India emerges as the top global target for mobile malware attacks: Report

Surpassing US and Canada, India has topped the global mobile malware target list, however, it has reduced its rank among malware origin points, finds Zscaler report

Japan's top chip distributor Macnica eyes acquisitions in India, China

Yokohama-based company, which often draws comparisons with factory automation provider Keyence Corp., may also conduct acquisitions to expand into other arenas, such as cybersecurity

Banks urge RBI for boards' workload mgmt, flag cyber security concerns

Cybersecurity risks, customer centricity issues flagged

IT, ITeS must adopt Cloud and boost security, says Airtel Business

White paper says sector facing rising cyber threats, competition in Southeast Asia, and data deluge

India sees 135,173 financial phishing attacks in H1 2024, says study

The number of attacks rose 175 per cent compared to the same period last year

US accuses China of vast cyber-espionage campaigns against telecoms

The hackers infiltrated networks of multiple telecommunications companies to steal customer call records and compromise communications belonging to a limited number of people in government agencies

BS BFSI Summit: Banking experts emphasise customer vigilance on cyber fraud

Banking industry leaders highlight growing cybersecurity challenges and customer education efforts while speaking with Manojit Saha at Business Standard BFSI Insight Summit

Finmin asks banks to focus on cybersecurity to ensure customer protection

Concerned over the growing instances of cyber frauds, the finance ministry on Tuesday asked public sector banks (PSBs) to align their digital and cybersecurity frameworks with industry best practices and ensure customer protection and operational continuity as top priorities. During a review meeting chaired by the Department of Financial Services (DFS) Secretary M Nagaraju, discussions were held on enhancing the robustness of PSBs, building on recent financial achievements, and addressing strategic challenges with key focus on financial performance indicators, assets and liabilities management, cyber resilience, and digital payments infrastructure. The secretary exhorted the public sector banks (PSBs) to accelerate the pace of lending to agriculture and MSMEs as well as deepen financial inclusion. PSBs were asked to continue strengthening their financial and operational frameworks, particularly in light of the evolving market dynamics and cyber security needs, the finance ministry .