CYBERSECURITY FIRM
Rise in cyber threats make companies go for unified security command
As the digital world expands, demand for cybersecurity leaders grows. Organizations recognize cyber risks can lead to financial losses, reputational damage, and threaten public safety. This surge drives demand for cyber insurance across sectors like finance, healthcare, and technology. Senior cybersecurity roles are crucial, requiring deep technical knowledge, business acumen, and skills in regulatory compliance.
BFSI captives hunt for leadership talent
Executive search firms ET spoke to said candidates from product organisations are tapped for technology hiring, and for non-technical roles, domain and functional expertise remain paramount. Compensation ranges at around Rs 1 crore for those with 18-25 years of experience. For CFO roles, packages could be in the range between Rs 2-4 crores.
HubSpot investigating customer account hacks
HubSpot is actively investigating a cybersecurity incident targeting customers. Less than 50 accounts were compromised, and measures are in place to protect customer data. TechCrunch first reported the news. The company specializes in providing marketing software for small and medium-sized businesses, with a focus on customer relationship management.
Priyank Kharge meets IT minister Ashwini Vaishnaw, requests Centre's support for state's chip firms
Karnataka IT minister Priyank Kharge met Ashwini Vaishnaw, union IT minister, to seek support for the state's semiconductor and electronics space. Kharge said that the State has the highest share of 46% in India in housing innovative companies and contributes 10% of India's industrial output.
Chinese hackers step up attacks on Taiwanese organisations: cybersecurity firm
A suspected Chinese state-sponsored hacking group, RedJuliett, has intensified its targeting of Taiwanese organisations, including government, education, technology, and diplomacy sectors, ahead of Taiwan's presidential elections in January. The cyberattacks were observed between November 2023 and April 2024. RedJuliett accessed servers via vulnerabilities in SoftEther enterprise VPN software. Recorded Future suggests that Chinese intelligence services in Fuzhou are likely behind the attacks to gather intelligence on Taiwan.
Kremlin slams US ban on cybersecurity firm Kaspersky
The Kremlin on Friday criticised the US decision to ban Moscow's cybersecurity firm Kaspersky over security concerns as creating "unfair competition" from American companies. "Kaspersky Lab is a company which is very, very competitive on the international level," Kremlin spokesman Dmitry Peskov said.
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US slaps sanctions on leaders of Russia software firm Kaspersky Lab
US imposes sanctions on Kaspersky Lab leaders, bans antivirus sales, citing national security risks and Russian government control.
Kremlin slams US ban on cybersecurity firm Kaspersky
The Kremlin on Friday criticised the US decision to ban Moscow's cybersecurity firm Kaspersky over security concerns as creating "unfair competition" from American companies. "Kaspersky Lab is a company which is very, very competitive on the international level," Kremlin spokesman Dmitry Peskov said.
Cybersecurity firm Kaspersky denies it's a hazard after the US Commerce Dept bans its software
The Moscow-based company - whose CEO Eugene Kaspersky is Russian - said in a statement that the Commerce Department's decision would not affect its ability to sell and promote its cyber security products and training in the U.S. Kaspersky said the government had based its decision on the "geopolitical climate and theoretical concerns" rather than independently verifying if there was a risk.
Biden bans US sales of Kaspersky software over Russia ties
The United States on Thursday banned Russia-based cybersecurity firm Kaspersky from providing its popular anti-virus products in the country, the US Commerce Department announced. "Kaspersky will generally no longer be able to, among other activities, sell its software within the United States or provide updates to software already in use," the Commerce Department said in a statement announcing the action, which it said is the first of its kind. da/des
Cisco to establish cybersecurity centre in Taiwan
Cisco to establish cybersecurity centre in Taiwan, partnering with government to address talent shortage and enhance threat intelligence.
Stock market frauds on the rise: 6 ways to protect yourself
With the growing threat market regulator Securities and Exchange Board of India (Sebi) and stock exchanges including NSE have been warning investors of fraudulent entities and persons who scam people through digital means and social media platforms.
Rubrik reports maiden earnings, revenue rises of 38% after listing
In the latest quarter, Rubik's net loss soared over eightfold to $732 million due to higher costs in revenue, research and development, and sales and marketing. Subscription revenues now account for 92% of Rubrik’s total operating income, up from 79% in 2023. The company's decision to shift from selling licenses to subscription has impacted its financials.
Money you paid for Gaza may be heading to Ghaziabad instead
Online scamsters are using the viral ‘All Eyes on Rafah’ campaign as an opportunity to dupe people who want to lend a helping hand or donate to victims of the war in Gaza. The most common scams related to Gaza include fake websites, fake cryptocurrency links, phishing emails, fake video links, and social media scams.
Beware Android users! THIS new malware can steal your phone data and misuse bank details. Know how to stay safe
A cybersecurity firm has recently discovered a new form of malware that is being used by cybercriminals to scam people through fake Google Play utilities.
Netskope crosses $500 million in subscription revenue, in no rush to go public
Chief executive Sanjay Beri said the company has been making internal preparations for an initial public offering (IPO) but there was no rush in an election year.
Pakistan-based hackers step up attacks against Indian govt systems
Pakistan-based groups SideCopy and Transparent Tribe (APT36) are targeting India's government and defence IT systems through malware attacks, as reported by cybersecurity firm Quick Heal Technologies.
India Inc hunts for new cyber warriors
Corporate India is actively seeking cybersecurity professionals amidst rising concerns over data breaches, evolving regulatory requirements, and the emergence of advanced artificial intelligence platforms. To address vulnerabilities in security controls and processes, companies are bolstering their cybersecurity teams across various domains.
Cybersecurity firm Darktrace accepts $5 billion takeover
Cybersecurity firm Darktrace said Friday it had accepted a $5.3-billion takeover bid from US private equity firm Thoma Bravo, which highlighted the British group's "capability in artificial intelligence". "Darktrace is at the very cutting edge of cybersecurity technology, and we have long been admirers of its platform and capability in artificial intelligence," Thoma Bravo partner Andrew Almeida said in a statement.
IT sector's rising contractual hiring shows demand uptick
India's IT industry is rebounding with a rise in contractual hiring, signaling recovery after layoffs and reduced bench strength. Staffing firms note increased demand for temporary contracts as companies prepare for future growth.
India top choice for digital pursuit; firms to boost investments in AI, big data, cybersecurity: Nasscom
New Delhi, India remains top for digital services expansion. Firms to boost investments in AI, data analytics, cybersecurity. Cybersecurity focus expected post gen AI surge. Outsourcing destination for various sectors.
Microsoft-backed Rubrik aims to raise as much as $713 million in IPO
Palo Alto, California-based Rubrik is planning to sell 23 million shares priced between $28 and $31 per share, the source said on condition of anonymity because the discussions are confidential.
Number of devices hit by data-stealing malware rises over 600% in three years: Kaspersky
According to Kaspersky, 443,000 websites worldwide have experienced compromised credentials in the past five years. The .com (dot com) domain led the list of compromised accounts, followed by Brazil (.br), India (.in), Colombia (.co), and Vietnam (.vn).
French IT firm Atos seeks over $1 billion in new funds: report
Atos is aiming to convert about half of its $5 billion debt into equity as part of the plan disclosed during a confidential meeting on Monday, Bloomberg said.
Israel cybersecurity exit deals jump, funding falters in 2023
Israeli cybersecurity exit deals grew by 65% in 2023 to $7.1 billion, highlighting the sector's resilience amidst global threats. The sector remains a key driver of Israel's economy and innovation, attracting significant investments.
C3iHub launches startup cohorts III, IV and V to back cybersecurity firms
C3iHub launched 19 cybersecurity startups, supported 50 across five cohorts, aiming for 20% success. They launch products, scale up, connect with investors, focusing on cyber-physical systems, network security, and more.
Hacker Alert! Over 80% of Indian firms expect cybersecurity incident in 2 years
The 2024 Cisco Cybersecurity Readiness Index, which was released on Thursday, found that only 4% of companies in India are ready to tackle today's threats, with 59% of organisations falling into the "beginner or formative stages of readiness".
Karnataka Innovation Technology Society partners Cisco for cybersecurity skills training
According to the partnership, women will represent half of the trained workforce to help meet the growing need for cyber talent. In addition, the collaboration will include a 'Train the Trainers' programme to empower college faculties with the knowledge and skills required to create a robust cyber ecosystem.
India has shown how to deal with China-linked firms: US FCC commissioner Brendan Carr
India and US should prevent China and its allies from forming a ‘splinter net’, US Federal Communications Commission (FCC) commissioner Brendan Carr told ET.
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