INDIAN COMPANIES CYBERSECURITY
Global experts, CISOs, founders to converge at Accel Cybersecurity Summit in Bengaluru on July 25
The summit comes when India's cybersecurity landscape is witnessing remarkable growth, and demand for products and services is rising at a fast clip. Accel has been operating in India since 2008. The global venture capital firm said, "Accel is set to host India's largest Cybersecurity Summit in Bengaluru,"
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.
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.
Indian financial services sector is experiencing a significant upswing: Inventure Growth & Securities’ Kanji B Rita
India's financial services sector is poised for sustained growth. By leveraging the demographic advantage, embracing technological advancements, and prioritizing financial inclusion, a robust and inclusive financial ecosystem can be built, says Inventure Growth’s Kanji B Rita.
Indigenous Innovation: A blueprint for systematically achieving Viksit Bharat
India's digital economy is on track to reach $1 trillion by 2030 with a growth rate 2.8 times that of regular GDP. Leveraging the CHIPS framework and strategic partnerships, India aims to secure a prominent global position through sustainable practices, education initiatives, and robust data governance.
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AI jobs command premium pay as companies fill specialised roles
Experts and staffing firms told ET that qualified AI professionals in India are raking in serious cash. Compared to traditional IT roles, AI specialists can command a salary premium of up to 40-80%. The demand for AI talent is exploding as companies race to fill these new and specialised positions.
How India's new brain power adds to its economic brawn
India is transitioning from being the telemarketing voice of MNCs to their intellectual hub with the rise of GCCs. These fully owned and integrated hubs are driving growth, innovation, and value creation by leveraging India's talent pool. With a projected doubling of GDP share by 2030, GCCs are transforming India's economy and IT landscape, attracting global companies seeking tech talent and cost efficiency.
How the Indian GCC boom is lighting up prospects of IT firms
With India emerging as a hub for global capability centres (GCCs), IT services companies are cashing in, setting up projects, looking for partnership opportunities, and even acquiring such centres.
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.
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.
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.
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.
Government holds discussion with fintechs on cybersecurity, digital financial fraud
Government, FinTechs, law enforcement agencies collaborate on addressing cybersecurity, fraud. Workshop discusses registry creation, geotagging transactions, AML system. Topics include digital KYC audits, money mules. Fintech associations, regulators join to address cybersecurity and fraud challenges.
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.
75% Indians have viewed some deepfake content in last 12 months, says McAfee survey
A recent McAfee survey found that deepfakes are prevalent in India. Over 75% of Indians surveyed online in the past year have seen deepfakes, and at least 38% have been targeted by a deepfake scam.
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".
RBI governor on fintechs; Google, Indian apps in temporary truce
The banking regulator's recent actions are not directed against any fintech but against a regulated entity, the Governor underlined in a reference to the Paytm case that has caused major ripples in India's fintech industry.
Kaspersky says blocked over 74 million local threats in India last year
Kaspersky reports 34% of Indian users targeted by local threats in 2023. IDC highlights cybersecurity challenges for enterprises, leading to increased interest in outsourcing security. Jaydeep Singh urges improved cybersecurity amidst the evolving threat landscape in India.
Suits & Sayings: Weekly roundup of the quirkiest office gossip from corporate corridors and beyond
Here is a weekly feature offering a humorous yet insightful roundup of the most intriguing whispers and murmurs circulating within corporate corridors and policy parlours. Each edition provides readers with a peek into the latest gossip, speculation, and noteworthy developments, providing a blend of entertainment and industry insights.
Boards are getting younger as companies look for tech skills in directors
According to data from Primeinfobase, about 830 first-time independent directors were appointed in calendar 2023, up from 776 the previous year and 518 in pre-pandemic 2019. The average age of these first-time independent directors has declined to 53 years in 2023 from 59 years five years earlier.
Alarm bells go off as Indonesian hacktivists breach government websites
Indonesian hackers may have been behind the breach of several Indian websites this month, including those of the Indian army and the Census of India as well as institutions like Banaras Hindu University, according to experts.
70% GCCs have large security teams in India
The report titled ‘Secure in India 2023’ found that the maximum increase in cyber skill demand, among GCCs, is noted for cloud security (81%), followed by third-party risk management (78%) and cybersecurity risk assessments (75%).
Cybersecurity agency on anvil to safeguard telecom networks
The Indian government is planning to establish a national cybersecurity agency to safeguard telecommunication networks and services from rising cyber threats. While the timeline and specific details are yet to be determined, the agency will serve as a nodal body focused on addressing cyber threats in the telecom sector. The move comes in response to the increasing frequency of cyberattacks globally.
Indian companies seek comprehensive cybersecurity: HPE India CTO Sadasiva Ranganath
On certain days, HPE records as many as 2.6 billion logged requests and cybersecurity-related events. Cybersecurity, therefore, is no longer a “one-time effort” that companies are putting in, Sadasiva Ranganath said.
Keep DigiWolves at bay
India is the most targeted country globally, facing 13.7% of all cyberattacks. State-sponsored cyberattacks against India increased 278% between 2021 and September 2023, with services companies, IT and BPO firms, seeing the highest share of attacks. Targeted cyberattacks on government agencies increased 460%, while SMEs saw a 508% increase.
Aadhaar data leak | Personal data of 81.5 crore Indians on sale on dark web: report
The data breach noticed by Resecurity mentioned that "on October 9, a threat actor going by the alias 'pwn0001' posted a thread on Breach Forums brokering access to 815 million 'Indian Citizen Aadhaar and Passport' records".
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