Cybersecurity Infrastructure

India second highest target for ransomware attacks in Asia Pacific: Report

Global ransomware attacks have risen by 18 per cent, with India's top three targets being the manufacturing, telecommunications, and technology sectors

TAC InfoSec adds 200 new clients across 32 countries in September

TAC InfoSec, a cybersecurity solutions provider, on Wednesday said it added 200 new customers, including Microsoft and Lenovo, across 32 countries in September. TAC InfoSec Limited (TAC Security) is a cybersecurity company specialising in vulnerability management. It is India's first publicly listed cybersecurity firm. Among company's new clients are Microsoft, Gen Digital, Brother Industries, Sedric, Yext, Freshworks, and Lenovo, the company said in a release. The company said its client base has now increased to 690 in the second quarter of the fiscal across 57 countries. "Leading the customer acquisition numbers is the US, followed closely by the UK and France, demonstrating TAC Security's broad geographic reach, with new clients spread across the US, Japan, China, India, and other key markets," it said. Looking ahead, TAC InfoSec said it remains focused on its ambitious goal of becoming the world's largest vulnerability management company by March 2026. "The company is on tra

Quick Heal rolls out India's first anti-fraud AI solution; shares fly 9%

Quick Heal share price surged after the company announced that it has rolled out India's first fraud prevention solution, AntiFraud.AI. Quick Heal also highlighted that the solution is 'Made in India.

TAC Infosec Q1 results: PAT up 94% at Rs 2.32 cr on rise in customer base

Cybersecurity vulnerability management firm TAC InfoSec on Tuesday reported a 94.45 per cent rise in net profit to Rs 2.32 crore in the June 2024 quarter, mainly due to an increase in customer base and ongoing global market expansion. TAC InfoSec (TAC Security) reported total revenue of Rs 5.14 crore for the April-June quarter of 2024-25, reflecting a year-on-year increase of nearly 94 per cent. TAC Security said it expanded its client base to 590. This growth is complemented by the company's expansion into 55 countries, up from 22 just one quarter ago, it said in a stock exchange filing. "In Q1 FY25, several high-profile global brands, including Salesforce, AutoDesk, Nissan Motors, and Xerox, subscribed to TAC Security products," it said. These new additions to the portfolio, alongside retained giants like Reliance ADA Group and an American Fortune 10 company, reflect the trust and confidence placed by major organisations in the company's cutting-edge cybersecurity offerings, it

EU cybersecurity should not discriminate against Big Tech: Industry groups

The European Commission, EU cybersecurity agency ENISA and EU countries will meet on Tuesday to discuss the scheme

Retired US Army General Paul Nakasone joins OpenAI's board of directors

Retired US Army General Paul Nakasone is a global defence cyber expert, who has been instrumental in the development of US cyber defence capabilities

Nearly two in five users in India face web threats in 2023: Kaspersky

KSN is a distributed infrastructure that analyses cybersecurity data to understand threat scenarios

Govt could make critical sectors use Indian cybersecurity products: Report

Proposed policy to lay out clear roles and responsibilities for organisations to follow

Centre may push enterprises to use security products developed in India

The government has drawn up a policy, called "National cybersecurity reference framework (NCRF), to provide guidelines on roles and responsibilities for cybersecurity

TAC Security plans to go public this year, aims Rs 100 cr turnover by 2026

Global cyber security firm TAC Security on Monday announced its plan to go public this year and raise funds from the capital market to expand its operation with an aim to increase its turnover to Rs 100 crore by 2026. SaaS (Software as a service) firm TAC Security, founded by entrepreneur Trishneet Arora in 2013, is one of the leading players in cybersecurity. TAC Security, a pioneer in risk and vulnerability management worldwide, is eyeing a revenue of Rs 100 crore by 2026, a company statement said. However, the company did not disclose its current turnover. According to the statement, the company is aggressively exploring capital-raising options, including an initial public offering (IPO) in early 2024. Beeline Capital Advisors Private Ltd has been appointed the exclusive book-running lead manager for the proposed IPO. TAC Security CEO Arora said, "We are now embarking on our next growth stage, aiming for a nearly ten-fold increase in revenues by FY26 through organic growth and

97% of Indian organisations investing in AI & ML technology: DSCI report

Further, around 84 per cent of organisations surveyed had invested in cloud technology, according to the report titled 'India Cybersecurity Domestic Market' by DSCI

Saudi Arabia's cyber diplomacy

In a deeply polarised arena, the kingdom is carving out its niche in global cybersecurity cooperation

Deepfakes, AI pose threats to next elections, warns UK cybersecurity centre

Britain's cybersecurity agency said Tuesday that artificial intelligence poses a threat to the country's next national election, and cyberattacks by hostile countries and their proxies are proliferating and getting harder to track. The National Cyber Security Centre said this year has seen the emergence of state-aligned actors as a new cyber threat to critical national infrastructure such as power, water and internet networks. The centre part of Britain's cyberespionage agency, GCHQ said in its annual review that the past year also has seen the emergence of a new class of cyber adversary in the form of state-aligned actors, who are often sympathetic to Russia's further invasion of Ukraine and are ideologically, rather than financially, motivated. It said states and state-aligned groups pose an enduring and significant threat, from Russian-language criminals targeting British firms with ransomware attacks, to China state-affiliated cyber actors using their skills to pursue strategi

Cybersecurity startup SecurWeave raises Rs 2.8 cr in seed round led by IAN

The company said it has already demonstrated its capabilities in both private and defence sectors in India and is now poised for global expansion

Cybersecurity experts express concern about data security in India

Digital transformation and development of advanced technologies are progressing at full pace in India but cyber experts have expressed concern about the security of the sheer size of data that the country will have to manage, given its neighbouring adversaries as well as the growing sophistication of scammers. Indian technologists and business executives will have to collaborate, cooperate and create a comprehensive ecosystem to tackle tech-driven threats, the experts said on the sidelines of Singapore Cyber Week - 2023 held from October 17-19. In the last six months, the three most impacted industries in terms of weekly attacks per organisation were Healthcare, Education/Research and Utilities. The retail, hospitality, manufacturing and transportation sectors will also have to move fast on cybersecurity, the experts said. On average, each organisation in India was attacked 2,157 times per week in the last six months, compared to 1,139 attacks per organization globally, according to

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

91% of Indian organisations experienced ransomware attacks in 2023: Report

100% of Indian organisations expect to suffer an identity-related compromise in 2023. 61% anticipate AI-enabled attacks. 80% expect layoffs and workforce churn to create new cybersecurity issues

Global cybersecurity market grows 16% to reach $17.8 billion in Q3

Palo Alto Networks was the number one vendor in the quarter, growing 24.9 per cent and increasing its market share to 8.4 per cent, up from 7.8 per cent in Q3 2021

Poor training, skills affect digital trust of Indian enterprises: Report

Only 24% respondents in India had complete understanding of digital trust, says global study

Vehicle cybersecurity firm SecureThings raises $3.5 mn in funding

The company will use the funding for product enhancement, business growth in India and overseas, augmenting the India and US teams, and sales and marketing