Page 11 - Cybersecurity

Paris 2024 organizers say budget likely to increase 'because of inflation'

The operating budget for the 2024 Paris Olympics is expected to go up by 10%, in part because of high inflation, organizers said Tuesday. The organizing committee, known as COJO, had an original operating budget of around 4 billion euros ($4.1 billion) but will present a revised figure at a board meeting next month that is expected to reach 4.4 billion euros ($4.5 billion). Organizers said half the extra money is needed to cover the impact of inflation, while some will go toward additional expenses for the opening ceremony on the Seine river and costs such as human resources and cybersecurity. The overall budget for the Paris Olympics, including the cost of building and renovating venues, is about 8 billion euros ($8.2 billion) and has already gone up from its original estimate. On the other hand, organizers expect to generate more income from tickets sales than initially expected and said they have already secured 80% of the 1.1 billion euros in revenues from partnership deals the

CDSL detects malware in a few internal machines; settlements delayed

The official website of the securities depository remained non-functional and showed error till the filing of the story on Friday

NCW launches Digital Shakti Campaign 4.0 to empower women in cyberspace

The NCW had on Tuesday launched the campaign in collaboration with CyberPeace Foundation and Meta

National security, building cybersecurity products on our agenda: DSCI CEO

'Tremendous amount' of data will be flowing into India, says leader of research and policy group

"Password" most widely used password in India, "bigbasket" fourth: Report

"Bigbasket" has been used by over 75,000 users in India as their password, and it would take about 5 minutes for hackers to crack it, a report by NordPass showed

Over 82% biz executives see cybersecurity budgets rising in 2023: Survey

More than 82 per cent of business executives surveyed in India anticipate an increase in cybersecurity budgets in the coming year, according to a PwC report. The survey highlights that of all the risks affecting organisations, India respondents consider a catastrophic cyberattack, a resurgence of COVID-19 or a new health crisis, and a new geopolitical conflict among the top three risks. "Over 82 per cent of business executives in India foresee an increase in cybersecurity budgets in 2023," said the PwC survey. According to the survey, 89 per cent of Indian business executives say their organisations' cybersecurity team detected a significant cyberthreat to business and prevented it from affecting their operations, as against 70 per cent globally. "It also highlights that 83 per cent Indian business executives say their organisation's cybersecurity team has improved supply chain risk management," according to PwC release. The 'Global Digital Trust Insights' survey captured views o

TMS Ep295: Air India, Mahesh Babu, Defence-related stocks, Phishing attack

How did Air India beat Indigo? How is Switch powering up green mobility in India? Has the rally in defence-related stocks run its course? What is a phishing attack? All answers here

What is a phishing attack?

The number of cyber-attacks have jumped manifold across the globe. Phishing is one of the common forms of cyber threat. Let's take a peek into the dark world of phishing and the ways to prevent it

We expect more cyberattacks driven by nation-states: Microsoft's Tom Burt

'Microsoft believes that mandatory reporting of security incidents is a good idea'

West Bengal govt plans to launch mobile exhibition on cyber security

The West Bengal government is planning to start a mobile exhibition on cyber security to make people aware of how to keep their computers, cell phones and other such devices safe from malicious attackers, an official said on Friday. The police and information technology (IT) departments are working together on the project in which posters and models on cyber security will be displayed in a large vehicle which will travel to various areas. "The Kolkata Police has made a proposal for a cyber security van. It will be executed after getting the approval of the government," state IT Joint Secretary Sanjay Kumar Das told reporters on the sidelines of Cyber Security Congress, a seminar organised here. The van will be managed by the police and available for organisations to reserve, Additional Commissioner of Police Hari Kishore Kusumakar said. The officer of Kolkata Police, however, said that such specifics will be decided in due course. The state government is taking a number of steps t

Facebook is warning 1 million users about stolen usernames, passwords

Social media giant has identified more than 400 malicious Android and iOS apps this year that target internet users

86% of global CEOs see recession within 12 months, finds KPMG survey

46% of corporate leaders considering job cuts over the next six months

CERT-In warns WhatsApp users of bugs that remote attackers can exploit

"A remote attacker could exploit this vulnerability to execute remote code in an established video call," warned the cyber agency

7 in 10 cybersecurity professionals losing battle against hackers: Report

Nearly 7 in 10 cyber-security professionals globally, including from India, lament that they are losing ground against the growing breed of hackers and nation-state bad actors, a report showed

AI has moved from experiment to adoption: IBM Research AI's Sriram Raghavan

Raghavan talks about how AI is evolving, its use by governments as well as bad elements, and the significance of IBM Labs India

New mobile banking 'Trojan' virus prowling in Indian cyberspace, warns govt

A new mobile banking 'Trojan' virus -- SOVA -- which can stealthily encrypt an Android phone for ransom and is hard to uninstall is targeting Indian customers, the country's federal cyber security agency said in its latest advisory. The virus has upgraded to its fifth version after it was first detected in the Indian cyberspace in July, it said. "It has been reported to CERT-In that Indian banking customers are being targeted by a new type of mobile banking malware campaign using SOVA Android Trojan.The first version of this malware appeared for sale in underground markets in September 2021 with the ability to harvest user names and passwords via key logging, stealing cookies and adding false overlays to a range of apps," the advisory said. SOVA, it said, was earlier focusing on countries like the US, Russia and Spain, but in July 2022 it added several other countries, including India, to its list of targets. The latest version of this malware, according to the advisory, hides itse

70% of Indian firms hit by a ransomware attack in last 3 years: Report

A year ago, a sophisticated attack on a provider of IT management software led to the compromise of scores of MSPs and thousands of downstream customers

8 in 10 Twitter accounts fake, claims top security expert as Musk laughs

Tesla and SpaceX CEO Elon Musk went after Parag Agrawal-led platform once again, after a top cybersecurity expert claimed that as high as eight in 10 Twitter accounts are fake

Cybersecurity on the agenda: Skill gaps worsen India's cyber-defence system

Owing to the immense demand for cybersecurity professionals, the employee base will touch 305,000 by 2022

Israel, US sign cyber-financial agreement, strengthen economic cooperation

Israel and the US signed the first agreement for cyber-financial cooperation, the Israeli Ministry of Finance has said in a statement