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Shortage of skilled professionals, inadequate infrastructure, regulatory and policy gaps, and public unawareness about best digital practices are among key cyber security challenges in the country, according to a new report. India's Sherpa for G20 and former NITI Aayog CEO Amitabh Kant unveiled the report, prepared by cyber security solutions company Lisianthus Tech, recently in Delhi. The report noted that cyber threats are escalating in the country, with over 116,000 cyber security incidents reported in 2023, marking a significant increase from previous years. It recorded among most notable cyber threats faced by AIIMS, HDFC and Axis banks, Indian Railways and IRCTC, Paytm, Zomato, Indian Oil Corporation, Bharat Petroleum, and National Payments Corporation of India in recent years. "There is a significant talent gap, with an estimated shortage of one million cybersecurity professionals. Many sectors lack the necessary infrastructure to defend against sophisticated cyberattacks. .
Cisco is buying the cybersecurity firm Splunk in a USD 28 billion deal as it bolsters its defences against potential security threats that may be heightened by the widening use of artificial intelligence. The Silicon Valley tech giant will pay USD 157 per Splunk Inc. share. Our combined capabilities will drive the next generation of AI-enabled security and observability, Cisco Chair and CEO Chuck Robbins said in a prepared statement. From threat detection and response to threat prediction and prevention, we will help make organisations of all sizes more secure and resilient. The boards of both companies approved the acquisition, which is expected to close by the end of 2024's third quarter. It still needs approval from Splunk shareholders. Shares of Cisco Systems Inc. fell more than 4 per cent before the market open on Thursday, while Splunk's stock surged nearly 22 per cent.