Page 2 - Cyber Attack

90% organisations say generative AI will help add new lines of biz: PwC

As many as 90 per cent of the organisations surveyed said generative AI will help them add new lines of business over the next 12 months, according to PwC's 2024 Digital Trust Insights. Newer regulations around cybersecurity and data privacy like the Digital Personal Data Protection Act, 2023 have added to the strategic importance of enhanced cyber investments for organisations, it said. "More than half the business decision-makers are most concerned about cloud security-related threats and almost half of them are concerned that the outcome of a cyber attack could result in loss of customer data and revenue," said PwC India's 2024 Digital Trust Insights. The report sheds light on the evolving landscape of cybersecurity, and is based on a comprehensive survey of 3,876 business, technology, and security executives across the globe with 136 participants from India. As per the report, 90 per cent of organisations believe gen AI will help them add new lines of business over the next 12

More than 70% Indians are concerned about unethical use of AI: Report

93% of customers in India expect faster service as the technology advances

Indian firms cannot prevent almost half of cyber attacks, says Report

Indian organisations are incapable of preventing almost half of cyber attacks as 64 per cent of cybersecurity teams are too busy fighting critical incidents to take a proactive stance, claims a report. As many as 78 per cent of Indian respondents believe their organisations could better defend against cyber attacks with more resources dedicated to preventive cybersecurity, but seven in 10 (71 per cent) organisations say their IT teams are more concerned with uptime than patching and remediation, the report by Columbia-based cybersecurity company Tenable said. The disparity results in a lack of coordination between the two teams, a challenge acknowledged by 43 per cent of Indian organisations, the report based on an online study of 825 IT and cybersecurity professionals, of which 69 were Indians, conducted in 2023 stated. Eight in 10 respondents (81 per cent) said their organisations use a third-party programme for SaaS apps and services. However, only over half (54 per cent) have ..

90% firms experienced cyberattacks; 83% opted to pay attackers: Report

The 2023 Chief Information Security Officers (CISO) report found that 86% security officers believe generative AI could bridge skill gap in their security teams

Cos need to assess cyber-risks quarterly instead of yearly: Deloitte

Companies need to assess their cyber risks on a quarterly basis owing to immense technological advancements, a senior executive at Deloitte India said on Tuesday. Deloitte India Risk Advisory Partner Digvijaysinh Chudasama said companies and citizens alike should impose self-guidelines for cyber protection, and be aware of implications of sharing sensitive data, online. "Primarily to be protected from enterprise point or government point, if companies maintain the right and complete audit and compliances on a regular basis, because this is... very important, instead of doing something on a yearly basis, if they start looking at it now because the technology and perceptions are changing. "(Companies) should start doing these audits and assessments of cybersecurity for their enterprises, applications, data centers and networks on a quarterly basis, rather than yearly basis," he told PTI. This is also important as hackers are now launching sophisticated attacks. Chudasama also ...

Have take measures in partnership with CERT-In against cyber threats: Govt

The Union Health Ministry has undertaken various measures in collaboration with the Indian Computer Emergency Response Team (CERT-In) to ensure data security and protect the privacy of patients from cyber threats, the Lok Sabha was told on Friday. Advisories issued by the CERT-In are disseminated to all authorised medical care entities and service providers in the country for compliance, Minister of State for Health S P Singh Baghel said in a written reply in the Lower House. These include advisories on the latest cyber threats or vulnerabilities and countermeasures, guidelines on information security practices for government entities and specifically for health, data and network security and identity and access management, application security, third-party outsourcing, hardening procedures, security monitoring, incident management and security auditing, he said. On observing any cybersecurity incidents highlighted by the CERT-In, remedial actions are taken as per its direction and

AstraZeneca Pharma India gets GCGI approval to import heart failure drug

AstraZeneca Pharma India on Monday said it has received approval from the Drugs Controller General of India to import heart failure treatment drug Dapagliflozin tablets. The company has received permission from the DCGI to import pharmaceutical formulations of a new drug for sale, the drug firm said in a regulatory filing. Dapagliflozin tablets are indicated for the treatment of heart failure in adults, it added. The receipt of this permission paves the way for the launch of the product in India for the specified indication, subject to the receipt of related statutory approvals and licenses, it said. Shares of the company on Monday ended 0.86 per cent down at Rs 3,769.40 apiece on the BSE.

CERT-In cautions internet users against ransomware 'Akira' attack

An Internet ransomware virus 'Akira' that steals vital personal information and encrypts data leading to extortion of money from people has been reported in the cyberspace, the country's federal cyber security agency has said in a latest advisory. This computer malware is targeting Windows and Linux-based systems, it said. "A recently emerged ransomware operation dubbed Akira is reportedly active in cyberspace. This group first steals the information from victims, then encrypt data on their systems and conducts double extortion to force the victim into paying the ransom. "In case the victim does not pay, they release their victim's data on their dark web blog," the Indian Computer Emergency Response Team (CERT-In) said in a latest advisory to Internet users. The agency is the central technology arm to combat cyber attacks and guards the cyber space against phishing and hacking assaults and similar online attacks. It said the ransomware group is "known to access victim environments

China-based hackers breached European govt email accounts: Microsoft

A China-based hacking group has breached email accounts linked to government agencies in Western Europe, Microsoft Corp. says. In a blog post published Tuesday, Microsoft said the group, which it identified as Storm-0558, focuses on acts such as espionage and data theft. The group gained access to email accounts affecting about 25 organisations including government agencies and to accounts of individuals linked to these organisations, and had gone undetected for about a month until customers complained to Microsoft about abnormal mail activity. We assess this adversary is focused on espionage, such as gaining access to email systems for intelligence collection, Charlie Bell, Microsoft's executive vice president of security, said in a separate Microsoft post. The hackers carried out the breach by forging authentication tokens a piece of information used to verify the identity of a user required to access the email accounts. Microsoft has since dealt with the attack and informed ..

Companies play catch-up as cybersecurity attacks rise in digital India

A breach at Suzuki Motorcycle India forced the company to halt production in May, and India's largest drugmaker said in March a ransomware attack will have an impact on revenue

Paracetamol maker Granules India flags operations hit from cyber attack

Due to significant changes in its IT systems, the IT security incident caused a major disruption in its business operations, the Paracetamol maker said in an exchange filing

US govt confirms MOVEit cyber attack hit several federal agencies

Clop claimed on its website that government data had been erased and no government agencies have yet been listed as victims

China-backed hackers exploited Barracuda zero-day to target govt: Report

The researchers attributed the hacks to UNC4841, an unclassified threat group that shares infrastructure and malware code with other China-backed hacking groups

Thwarted malware attack on e-Hospital services, no data breach: AIIMS

AIIMS New Delhi, said that it thwarted a malware attack on its eHospital services and the systems were working normally. The government also denied any cyber breach

73.7% of healthcare firms pay ransomware demand globally: Research

Healthcare organisations had a 73.7 per cent likelihood of paying a ransomware demand, and they are also the fourth most targeted sector by ransomware attacks (13 per cent) globally, a new report said

YouTube accounts of Tanmay Bhat, Aishwarya Mohanraj under cyberattack

Tanmay has claimed the two-factor authentication was breached in his case

Cyber attack in Greece disrupts high school exams, causes political spat

Greece's Education Ministry says it has been targeted in a cyberattack described as the most extensive in the country's history, aimed at disabling a centralised high school examination platform. It said the distributed denial of service, or DDoS, attacks aimed at overwhelming the platform occurred for a second consecutive day Tuesday. The attack involved computers from 114 countries, causing outages and delays in high school exams but failing to cripple the system, the ministry said. The cyberattacks prompted a judicial investigation ordered by a Supreme Court prosecutor, to be assisted by the police's cybercrime division. It is the most significant attack ever carried out against a Greek public or government organisation, the Education Ministry said, describing the incidents on Monday and Tuesday as large scale and of sustained duration. End-of year high school exams in Greece are administered using an online platform known as the Subject Bank, designed to to set a uniform stand

India witnesses 18% surge in weekly cyber attacks in Jan-Mar 2023: Report

While the global weekly attacks saw an increase of seven per cent during the reported quarter versus the same quarter last year with each organisation facing an average of 1,248 attacks per week

Hackers release sensitive information after ransomware attack on CommScope

The leaked data includes employees' social security numbers and bank account details

Russian hacker group Phoenix hit Indian health ministry website: CloudSEK

"The motive behind this target was the sanctions imposed against Russian Federation where Indian authorities decided not to violate the sanctions as well as comply with the price ceiling for Russia"