Page 3 - Cybersecurity

Palo Alto forecasts earnings above estimates on cybersecurity demand

Beginning this quarter, the company will give next-generation security annual recurring revenue as the key financial metric for revenue projections both quarterly and annually, CFO Dipak Golechha said

Indian biz need to align cybersecurity budgets with growth goals: Kaspersky

Indian businesses need to align cyber security budgets with their growth objectives to ensure sustainable expansion in the face of increasing digitalisation and associated risks, a top official of Kaspersky has said. The emergence of new-age technologies, including artificial intelligence and GenAI, is critical for companies to boost their businesses. "In order to grow businesses, you need to digitise. If you don't digitise, you are not going to have that business growth value," Adrian Hia, Managing Director for the APAC region at Kaspersky, told PTI. At the same time, the digitalisation of businesses increases the attack surface area, opening avenues for risks like sophisticated cyberattacks. If Indian businesses aim to grow by 20 per cent, they also need to boost their cyber security budget by 20 per cent in the course of preparedness against these attacks, Hia noted. Further, he said that organisations need to upkeep their systems and data while moving towards digital ...

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

Adoption of AI spotlights biz to invest in proactive cybersecurity defences

Rapid adoption of Artificial Intelligence has powered growth but opened avenues for cybercriminals to misuse AI for sophisticated attacks, Kaspersky has said spotlighting the need for businesses to invest in proactive cybersecurity defences to meet new-age challenges. Kaspersky, a global cybersecurity and digital privacy company, said it has been infusing AI across its products and harnessing AI models to counter threats and safeguard users by making technologies more resistant to new and evolving forms of cyberattacks. From leveraging ChatGPT for writing malicious software and automating attacks against multiple users to misusing AI programmes to track users' smartphone inputs (potentially capturing messages, passwords, and bank codes) - cybercriminals are using AI in novel ways, the company cautioned. Citing the data for 2023, the company said it protected 220,000 businesses across the globe and prevented around 6.1 billion attacks with its solutions and products. During the same

25% GenZ up for new-age jobs, 43% ready to give up work-life balance: Study

One in every four GenZ respondents in India is more inclined towards new-age job fields like Artificial Intelligence, cybersecurity and content creation while 43 per cent are willing to sacrifice the work-life balance to succeed in their career, a study has found. The study, the Quest Report 2024, which unveils Gen Z traits and trends on dreams, careers, and aspirations, also found that only 9 per cent of respondents want to pursue entrepreneurship as they seek stability and security in work life. Gen Z usually refers to those born between 1995 and 2010. One out of 4 Indian respondents are more inclined towards new-age job fields like content creation, data analysis, AI, and cybersecurity, the study commissioned by iQOO in association with CyberMedia Research, said. iQOO is a sub-smartphone brand of the vivo group. 43 per cent of respondents in India and 46 per cent globally are willing to give up work-life balance to succeed in their career, it said, adding that around 62 per cent

Tech Mahindra, Horizon3.ai come together to provide AI-based cybersecurity

IT company Tech Mahindra on Tuesday said it has partnered with Horizon3.ai, a San-Francisco based provider of autonomous security solutions, to offer AI-based cybersecurity solutions to global customers. The partnership will integrate Tech Mahindra's cybersecurity services with Horizon3.ai's NodeZero platform, offering threat detection, AI-powered pen-testing, and Governance, Risk, and Compliance (GRC) insights. "The partnership will combine Tech Mahindra and Horizon3.ai's cybersecurity domain expertise and global reach to drive innovation, excellence, and proactive defence. It will provide customers with the tools and expertise needed to safeguard their digital assets," a company statement said. Customers will get real-time vulnerability assessments, enabling prompt identification and remediation of vulnerabilities, it added. The enhanced compliance and cost-effective capabilities will ensure organisations meet regulatory standards and access scalable, advanced penetration testing

CrowdStrike sued by fliers after global IT outage disrupted air travel

They said CrowdStrike should pay compensatory and punitive damages to anyone whose flight was disrupted, after technology-related flight groundings for Southwest Airlines and other carriers in 2023

Telangana IT exports clock 11% growth rate to Rs 2.68 trn in FY24

Telangana's total exports in the Information Technology sector reached Rs 2,68,233 crore during the last financial year, reflecting an 11.2 per cent increase from the previous year. This growth rate significantly outpaces the national average growth of 3.3 per cent. An official release from the state government said the sector now supports over 9.46 lakh professionals with a net addition of over 40,000 jobs in FY24, representing a 4.5 per cent increase in employment, it said. Telangana is one of the fastest-growing states in the nation and wants to keep up this momentum by concentrating on high-value, cutting-edge technologies such as artificial intelligence (AI), semiconductor design, cybersecurity, and data science, it said. The state's strategic focus includes expanding its footprint of Global Capability Centres (GCCs), Centres of Excellence (CoEs), and Global Business Support Centres (GBSCs). With over 200 top GCCs already operating in Hyderabad, Telangana is on track to doubl

NPCI reestablishes connectivity with C-Edge following ransomware attack

C-Edge, a joint venture between State Bank of India (SBI) and Tata Consultancy Services (TCS), is a technology service provider that offers services to cooperative and regional rural banks

K'taka govt launches cybersecurity policy, outflow of Rs 103 cr for 5 years

The report stated that Rs 23.74 crore of the total budget would go towards providing incentives and concessions

RBI issues final directions on cybersecurity controls for non-bank PSOs

RBI has given different timelines to these entities, depending on their size, to set up compliance structures

Reserve Bank of India warns of cyber security, frauds due to digitisation

The report said digitisation can also bring new risks and challenges for customer protection and financial stability

PwC India, Microsoft India ink agreement to strengthen cybersecurity

The alliance would use Microsoft Copilot for Security - a generative AI-powered security tool

PwC and Microsoft team up in India to boost cybersecurity with Copilot

PwC India has announced a partnership with Microsoft India to spruce up incident response and recovery capabilities. According to a release, the alliance brings together PwC India's incident management capabilities and Microsoft's advanced technology to protect enterprises effectively, at a time when organisations face increasingly-sophisticated cyber threats. "With the use of Microsoft Copilot (generative artificial intelligence chatbot) for security -- a generative AI-powered security solution, enterprises can leverage Microsoft's large-scale data and threat intelligence security graph with PwC's secure system rebuilding and broader incident management capabilities," the release said. Moreover, faster removal of threat actors can be achieved with Microsoft Incident Response swiftly, identifying and evicting bad actors, while PwC India focuses on rebuilding mission-critical systems securely, it added.

Olympics 2024: Cybercriminals eye 'gold' as millions flock to Paris

Cybersecurity experts say that Indian travellers going to the Olympic event are equally vulnerable to the threats

Cybercrime costs to hit $10.5 trn by 2025: How insurance may save your biz

Cyber insurance is crucial for any organisation that uses digital systems and holds sensitive information

CRPF alerts Indian cyber security agencies to 'indecorous content' on X

The Central Reserve Police Force (CRPF) has flagged the Indian cyber security agencies about instances of some "inappropriate content" popping up on social media platform X on Wednesday when its abbreviated name was searched on the platform. Official sources said the search results on the popular platform pertain to sexually explicit images and links. "CRPF has noticed that social media users may come across some inappropriate content while searching for CRPF keyword on social media platform X. CRPF has raised the issue with relevant authorities and is working to resolve the same," the force said on its official X handle. A source told PTI that the "inappropriate content" was being noticed when the abbreviated version of the force is searched on X (formerly Twitter). The CRPF, with about 3.25 lakh personnel, is the country's largest paramilitary force and is deployed in three major internal security theaters of the country-- anti-Naxal operations, counter-terrorist combat and ...

Crowdstrike's update on Microsoft outage: 'Issue found, fix deployed'

Microsoft outage: Crowdstrike clarified that the outage was not caused by a cyberattack but due a defect in an update, which has been identified, isolated and a fix has been deployed

Different faces of bank frauds

Customer education is the key to combating digital fraud, while improved credit appraisal, underwriting, and risk management can help contain loan fraud

Looking to invest in AI, cybersecurity, Bharat: Accel's Prayank Swaroop

Accel is known for early investments in companies such as Meta, Slack, Dropbox, Flipkart, and Swiggy