Cyber Space

ICRA Analytics Limited (ICRA Analytics), a wholly-owned subsidiary of ICRA Ltd, has announced its foray into the USD 3-5 billion Indian cyber security market through a collaboration with Bitsight, a leading global cyber risk management firm and a Moody's partner. This partnership will enable ICRA Analytics to offer cutting-edge cyber risk management solutions to clients across India, the company said. "The Indian cyber security market is estimated to be valued at approximately USD 3-5 billion and is expected to grow at a CAGR of 13-15 per cent over the next five years. ICRA Analytics expects this foray to support its business growth in the future," ICRA Analytics MD & CEO Jayanta Chatterjee told PTI. "Our collaboration with Bitsight will enable us to deliver next-generation cyber risk solutions across India. This strengthens our bouquet of offerings under the risk management platform and ensures access to superior quality cyber risk management frameworks for our clients," he said

Rapid7 competes in the vulnerability management market against larger rivals such as Tenable, which has also been exploring a sale, and Qualys

KPMG India-Zscaler alliance will offer broad security services to help organisations understand and effectively manage cyber threats, unique to their businesses

Nearly 64 per cent of Indian organisations surveyed were hit by ransomware attacks in 2023, a latest report by Sophos said on Tuesday, noting that while the attack rates fell year-on-year, the impact on victims actually intensified. The average ransom demand was USD 4.8 million, with 62 per cent of demands exceeding USD 1 million. The median ransom paid was USD 2 million, the report by the global cybersecurity solutions provider said. Put simply, ransomware refers to malicious software or malware that seizes files on a computer, network share, backups, and server, and encrypts them, following which the attacker exhorts the user to cough up money to unlock the files. Typically, ransomware attacks come with a timeline, threatening users that if ransomware demands are not fulfilled, the users will lose files. According to the 'State of Ransomware in India 2024' report by Sophos, there has been a decrease in the rate of ransomware attacks against Indian organisations from the 73 per c

Cyber risks are cited as the biggest threat faced by Indian organisations with 38 per cent of respondents feeling highly or extremely exposed to it, says a survey. With this, cybersecurity has jumped two spots from number three to number one on the risk radar when compared to the 2022 Global Risk Survey, the PwC's 2023 Global Risk Survey- India edition stated. PwC said the final results of the survey are based on 3,910 survey responses from Business and Risk Management leaders (CEO, board, risk management, operations, technology, finance, audit) across 67 territories providing their views on the status and direction of risk in their organisation. 163 Indian organisations were a part of this survey. Other digital and technology risks are also top concerns for business leaders in India (at 35 per cent). To address the challenges, Indian organisations are making bold investments in cybersecurity with more than half of the respondents planning to invest in cybersecurity tools (55 per .

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As many as 660 technologies against the target of 6,824 technologies have been developed under the National Mission on Interdisciplinary Cyber-Physical Systems

Speaking at the inaugural session of ASEAN-India Track 1.5 Dialogue on cyber issues, she said there is a greater dependence on digital payment platforms due to reduced cash handling

According to a report, India witnessed heightened activities by these adversaries post the revocation of Article 370 of the Constitution by the Indian govt in August last year

Also to plug leakages; $10 billion in subsidies has already been saved, he told the Global Conference on Cyber Space.

Modi termed cyber attacks as a significant threat, saying digital space should not be allowed to be used for terrorism

India has joined France, New Zealand, Canada and several other countries in launching a major initiative to combat terrorism and extremism online and secure the internet.