Page 5 - Cybersecurity

US Prez Biden issues exec order to shield Americans' sensitive data

President Joe Biden on Wednesday is signing an executive order aimed at better protecting Americans' personal data on everything from biometrics and health records to finances and geolocation from foreign adversaries like China and Russia. The attorney general and other federal agencies are to prevent the large-scale transfer of Americans' personal data to what the White House calls countries of concern, while erecting safeguards around other activities that can give those countries access to people's sensitive data. The goal is to do so without limiting legitimate commerce around data, senior Biden administration officials said on a call with reporters. Biden's move targets commercial data brokers, the sometimes shadowy companies that traffic in personal data and that officials say may sell information to foreign adversaries or US entities controlled by those countries. Most eventual enforcement mechanisms still have to clear complicated and often monthslong rulemaking processes.

First US-India cybersecurity drive launched to strengthen IT partnership

The US Consulate, in collaboration with the Mahratta Chamber of Commerce, Industries and Agriculture (MCCIA), launched the first-ever US-India Cyber Security Initiative to strengthen IT connections between the two countries. US Consul General Mike Hankey, who was in Pune at the MCCIA Pune Business International Business Summit on Monday, said the initiative aims to unite top cyber security experts globally to create jobs and develop cutting-edge solutions. The initiative will lead the city into a mentorship model in cyber space and will also foster people-to-people ties in cyberspace, he said. The launch is timely, since digital technologies are advancing more rapidly than at any previous point in human history, he added. Hankey emphasized that a secure, resilient, and stable cyberspace is crucial for the development of both the public and private sectors, enabling people worldwide to benefit from the free flow of information online. "Cyber issues are a priority in the U.S.-India

Blocked over 74 mn local threat incidents in India last year: Kaspersky

Global cybersecurity and digital privacy company Kaspersky on Tuesday said 34 per cent of users in India were targeted by local threats in 2023, and that its products detected and blocked 74.3 million local incidents. These statistics represent the malicious programmes found directly on users' computers or removable media connected to them (flash drives, camera memory cards, phones, external hard drives) or that initially made their way onto the computer in non-open form (that is, programmes in complex installers or encrypted files). According to the latest report of Kaspersky, 34 per cent of users in India were targeted by local threats in the year 2023. "Kaspersky products detected and blocked 74,385,324 local incidents on the computers of Kaspersky Security Network (KSN) participants in India placing the country in 80th position worldwide," it said. India's cybersecurity market reached USD 6.06 billion in 2023. "However, according to the IDC, the alarming increase in sophistica

iPhone alert to MPs: Apple's reply on vulnerability not clear, says MoS IT

The government is still waiting for a clear reply from iPhone maker Apple on iPhone alert sent to opposition political leaders around five months back on alleged hacking of their devices by state-backed hackers. In an interview to PTI, Minister of State for Electronics and IT Rajeev Chandrasekhar said the government has asked Apple two questions: whether their devices are safe, and if so the reason for the alert was sent to opposition members. "In my humble opinion, this is not something that any proprietary platform will completely concede whether they have vulnerabilities in their platform. There's an instinct in any platform to deny that vulnerability exists," he said. "We are asking a clear question, is your phone vulnerable? The answer to that is not totally unambiguous," Chandrasekhar said. In October, several opposition leaders claimed they have received an alert from Apple warning them of state-sponsored attackers trying to remotely compromise" their iPhones and alleged ...

Data breach: No impact on biz ops, says Motilal Oswal Financial Services

Cybercrime group LockBit had claimed the attack on MOSL on its dark web site, according to a report by news portal TechCrunch

Datadog forecasts revenue results below market estimates on weak adoption

Growing competition in the sector from bigger rivals such as SentinelOne and CrowdStrike is also weighing in on smaller players like Datadog

Norton unveils dark web monitoring tool for protection from identity theft

Norton, a leading software security provider and part of the Nasdaq-listed Gen, on Tuesday launched its Dark Web Monitoring solutions Norton 360 Premium, aimed at protecting consumers from identity theft, a top official said. With the Dark Web Monitoring services, the software monitors and alerts consumers if their personal information has been shared on the Dark Web and allows them to take action on the issue. "This innovative addition to our security package enables customers to proactively protect their digital identities in a time when cyber dangers are always present," Gen India, Director Ritesh Chopra said. According to company officials, the Dark Web comprises of small part of the internet where anonymity comes with a price and nefarious activities are conducted including the exchange of illegal goods and information. "We keep an eye out for any hacks, compromised credentials, and illegal activity by continuously searching the shadowy corners of the internet. This way, we ca

Banks should be mindful of legal, cyber risks emanating from AI: RBI dy guv

The banking sector and players in the space should be mindful of legal and cyber risks, and skill gaps emanating from Artificial Intelligence (AI), RBI Deputy Governor T Rabi Sankar has said. "With the adoption of AI and GenAI, laws are to be redefined. Industry needs to note that Digital Personal Data Protection (DPDP) Act rules are going to come soon, and banks may be in violation of some of it so it's important to start preparing for it," he said. Addressing the 19th Annual Banking Technology Conference organised by the Indian Banks' Association (IBA) in Mumbai on Friday, he called upon banks to think of customer convenience and provide services accordingly. "When rules are made by us, we need to think of making it convenient for customers and keep improving continuously," he said. Every new technology has erased few jobs but created newer ones, he said, adding that skilling and reskilling of the work force is a must. NaBFID Chairman K V Kamath said what he had predicted 20 yea

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

Cybersecurity co claims data leak of telecom users, DoT demands audit

The Department of Telecom has asked service operators for a security audit of their systems following claims by a cybersecurity firm that data of 750 million Indian subscribers has been leaked, a government official said. Cybersecurity firm CloudSEK has claimed that its researchers have found that hackers are selling 1.8 terabyte of database comprising 750 million Indian mobile consumers on the dark web. The hacker has denied any involvement in a breach and has claimed to have obtained the data through undisclosed asset work within law enforcement channels, CloudSEK said. "The DoT has asked telecom operators to get a security audit of their systems," a senior government official said. The officer, however, said that telecom operators have informally shared with the department that the leaked information claimed in the ClouSEK report seems to be a compilation of old data sets of telecom subscribers and it is not due to any vulnerability in their system. CloudSEK in its report last

75% banks, NBFCs have chatbots, e-assistants: RBI's Michael Patra

Patra said that ensuring robust cybersecurity measures in banking organizations is imperative to maintain public trust in the financial system

'Crossed $200 bn in trade': USISPF President points to strong India-US ties

Mukesh Aghi, President and CEO of USISPF emphasized collaborative efforts in areas such as engines, quantum computing, artificial intelligence (AI), cybersecurity, and space partnerships

Cybersecurity threat to banking system a major challenge: RBI Governor

Regulator has dedicated team to check IT systems of banks and NBFCs, says Shaktikanta Das

To cut a web of frauds, India needs to strengthen security systems

Job scams, Ponzi schemes, blackmail are increasing: Here is what can be done to protect people

Cybercriminals using Twitter Gold to for spreading disinformation: CloudSEK

'The ease of obtaining Twitter Gold has attracted malicious actors who are purchasing and compromising accounts to further their nefarious activities,' read an official release from CloudSEK

Tech Trends 2024: Culturally aware GenAI, femtech, cybersecurity, deepfakes

Industry leaders say technology will continue to change our lives in the new year and the biggest theme that is expected to emerge is the application of generative AI in different sectors

RBI pulls up credit information bureaus on rising customer complaints

The CICs shared their feedback and highlighted the initiatives that are being taken in collaborating with the credit institutions (CIs) for enhancing data quality

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

Cybersecurity firm TAC considering IPO in 2024 among options to raise funds

Company provides services to NPCI, BSE and NSE and has clients abroad