Tag Archive for risk

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


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

ICICI Lombard commissions pan India research: ‘Readiness of India Inc. with respect to Risk Management’


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

ICICI Lombard General Insurance, one of the leading general insurance companies in the country, has commissioned an all India research entitled ‘Readiness of India Inc. with respect to Risk Management’. The research was conducted through online interviews with 130 C-suite risk officers, to identify the risk practices adopted by Indian organizations.

The research elucidates Enterprise Risk Management (ERM) as a mechanism which combines culture, capabilities and practices with strategy setting and its execution to manage risks in order to create, persevere and realize value. While the key risk areas perceived by India Inc. include regulatory compliance (53%) and operational concerns (50%); 27% of the respondents believe geopolitical uncertainty to be a risk factor. Whereas, 23% claim uncertain economic growth can lead to increasing risks. Interestingly, only 23% respondents perceived information insecurity as a key risk while 11% believe technological disruption was a risk area. This could be because of the limited risk exposures that companies would have experienced directly. Read more

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