CYBERSECURITY MEASURES
India needs robust security measures to safeguard wind sector from cyber threats
India needs robust security measures to protect its national infrastructure from cybersecurity threats due to wind sector component imports, particularly from China, by wind turbine original equipment manufacturers. The report highlights the potential risks associated with cyberattacks on wind turbines, including the compromise of grid operations when managed remotely by owners stationed outside India.
Banking Trojan malware affects Android phone users; more deadly than its previous form
The Trojan Medusa is back and is now more deadly. It is tough to detect and is wreaking havoc in phones across the US and Europe. It raises the importance of cyber security.
Upstox cautions investors of impersonation scams using AI; 5 crucial measures to safeguard your investments
Upstox has seen cases of people attempting to pose as brands and deceive the public in a variety of industries as a result of the growing use of AI, as per a press release issued by the wealth management platform.
RBI tells banks to find ways to bridge the gap between credit and deposit growth
The meeting addressed various banking challenges including credit-deposit ratio, cybersecurity, and digital frauds. Governor Das emphasized the need for robust cybersecurity controls and customer awareness initiatives to curb digital frauds.
RBI Governor urges banks to step up efforts against ‘mule accounts’ & intensify customer awareness initiatives
RBI Governor Das emphasized the importance of managing third-party risks, enhancing compliance culture, and strengthening resilience in banks during a recent meeting with banking executives.
Proactive measures against cyber vulnerabilities are vital: Here’s how companies can get started
CEOs and CTOs should prioritize autonomous patching plans to enhance security. Collaboration between security and IT is crucial for effective patching. Analyzing results and ensuring vulnerability compliance are essential. Autonomous patching boosts risk management and operational efficiency, reducing costs and maintaining compliance in a dynamic cybersecurity landscape.
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.
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.
Google tests new AI scam call detection feature amid rising cyber crime
Google is testing a new AI-based scam call detection feature. However, its legality is in question, as profiling callers based on conversation content without their consent is not permitted in India. In 2021, one scammer in India was responsible for 202 mn scam calls, which is about 27,000 fraud attempts every hour.
The rising importance of the chief trust officer
Businesses are emphasizing trust by appointing a Chief Trust Officer (CTrO) to oversee trust-building initiatives. This role involves assessing trust levels within and outside the organisation, focusing on domains like corporate culture, compliance, and customer experience.
Need proactive risk mitigation measures to tackle cyberattacks: RBI DG
RBI deputy governor Swaminathan J emphasized proactive risk mitigation strategies in the face of cyberattacks and emerging banking risks, addressing challenges in regulations, corporate governance, and assurance functions to ensure bank safety and stakeholder trust.
Embracing Industry 4.0: Navigating business transformation trends in the digital age
Post-pandemic, the focus on Industry 4.0, Circular Value Chains, Autonomy via Edge Computing, and Demand-Driven Digital Supply Chains reshaped global business dynamics. India's leadership in AI, cybersecurity, and sustainable manufacturing practices highlights its commitment to digital transformation.
Contemplating a career in cybersecurity? Check out the in-demand skills, roles, and pay
The rise in technology has brought about a surge in cyberattacks, emphasizing the critical need for robust cybersecurity measures. With a shortage of professionals globally, the industry is witnessing high demand for roles such as security analysts, data scientists, and incident responders.
Safeguarding Your Smart Car: How to secure your connected car from cybersecurity threats
In today's tech-driven era, smart cars are revolutionizing transportation with advanced features aimed at enhancing safety and connectivity. However, this integration of digital systems brings forth cybersecurity concerns, threatening vehicle and occupant safety. Essential strategies include software updates, strong passwords, secure Wi-Fi, and cautious usage of third-party devices.
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".
NPS: How PFRDA plans to make National Pension System investments safer for government employees
National Pension System : The Pension Fund Regulatory and Development Authority (PFRDA) has released an advisory about how NPS investments by government sector employees could be made safer by following certain advisories. These advisories relate to the entire NPS investment process starting from the investment stage to maintenance stage to withdrawal stage.
'Fintech platforms are agile, but increase risk of misuse'
RBI deputy governor Swaminathan J discussed the rise of 'agile' fintech platforms at the Global Money Week 2024 in Paris, emphasizing the need for robust regulatory frameworks, cybersecurity measures, and consumer awareness to mitigate fraud risks.
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