Tag Archive for cyber

Bengaluru hosts Enterprise IT World Security Symposium and Cyber Sentinels Awards 2018

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By K Ashwin Mobile: 09920183006 Email:indianshowbusiness@gmail.com

Enterprise IT World a leading CIO Magazine in India, specialized as solutions advisory for Indian Business Technology Leaders hosted the Security Symposium 2018 on July 26, 2018 at Fairfield by Marriott in partnership with InfoSec Foundation. The security symposium addressed the future and emerging business needs which are influenced by emerging technology and diversified business and user demands.                                                          

As the name suggests, the event was an initiative to bridge the technology gap between the Indian Organizations Security Symposium was an Enterprise level cyber security event which aimed to gather CISOs and Cyber Security leaders from Enterprises PAN India to reinforce the cybersecurity skills in the country through knowledge sessions and tech talks with the biggest names in Enterprise Security. It also helped CIOs and CISOs to brush up their knowledge of the latest Information Technology and Information Security solutions  Read more

Cyber Insurance – How Indian business are taking it lightly

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By Vivek K. Mobile: 09920183006 Email:indianshowbusiness@gmail.com

Cyber Security has always been discussed but never given the importance that it deserves in the boardroom. However the situation seems to be changing post 2017, which saw cyber breaches of global scale and magnitude. Myths such as – only Information Technology companies are prone to cyber attacks and that fairly advanced nations like the United States and United Kingdom would be the main targets of hackers whereas countries like India would not be victims – were broken. It is time to address cyber security as a business risk, and not just a technology problem.

2017 saw hackers take down a Power Grid in Ukraine, ransomware attacks like WannaCry, Petya and NotPetya caused business interruption at ports, hospitals in UK were made to turn down patients since they lost access to their systems and the Equifax breach led to the data of 143 million customers – a number higher than Mexico’s total population – being compromised. Mondelez Inc., the world’s second-largest confectionary company, said its quarterly revenue growth would be reduced by 3 percent due to a recent global cyber attack.

India too was put on the global map after becoming the third worst hit country from the WannaCry attack, with more than 40,000 computers being affected. An Indian food startup’s breach was the 6th biggest globally in the first half of 2017, compromising data of 17 million users. The list just keeps growing. Read more

SonicWall Cyber Threat Report Illustrates Intense Cyber Arms Race; Cyber Attacks Becoming No. 1 Business Risk

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By K Ashwin Mobile: 09920183006 Email:indianshowbusiness@gmail.com

 

SonicWall, the trusted security partner protecting more than 1 million networks worldwide, announced research and intelligence findings from its 2018 Cyber Threat Report. In sum, the company recorded 9.32 billion malware attacks in 2017 and saw more than 12,500 new Common Vulnerabilities and Exposures (CVE) reported for the year.

 

“The cyber arms race affects every government, business, organization and individual. It cannot be won by any one of us,” said SonicWall CEO Bill Conner. “Our latest proprietary data and findings show a series of strategic attacks and countermeasures as the cyber arms race continues to escalate. By sharing actionable intelligence, we collectively improve our business and security postures against today’s most malicious threats and criminals.”

 

Last year by June alone, India faced cyber security threats worth over $4 billion. Financial sector witnessed a little less than 50% cyber attacks throughout the year. Needless to mention, it is one of the most targetted countries owing to several reasons such as rapid transition into a cashless economy, increased usage of wireless data, among others.  Read more