India at 23rd position in the list of information secured countries

Oct 17, 2017 by infocon in  cyber security Security

The second Global Cyber Security Index (GCI), released by the UN telecommunications agency, International Telecommunications Union (UTC) places India at 23rd position in the list of information secured countries. The rank is among 165 other nations across the world who have committed to cyber security.

The report reveals that only about half of all countries already have a cyber security strategy or are in the process of developing one. It urges countries to engage in cyber security education initiatives and job creation in the sector.

Singapore tops the index with a 0.925 score.

Other countries in the top 10 are United States, Malaysia, Oman, Estonia, Mauritius, Australia, Georgia, France and Canada.

The report says that 38 per cent of these countries have a published cyber security strategy while 12 per cent of governments are in the process of developing one.

The threat is dangerously worrying because in 2016, according to ITU, about one per cent of all emails sent were malicious attacks. The rate is the highest in recent years.

The findings show that there is “space for further improvement in cooperation” at all levels. It further advocates for encouraging governments to consider national policies that take into account cyber security and encourage private citizens to make smart decisions online.

Five point strategy of ITU to develop efficient information security systems

The Indian government has taken a few steps to bring the attacks under control. Under PM Narendra Modi’s tenure, the Central govt established the office of Chief Information Ofiicer of Cyber Security Cell under PM’s office. Dr Gulshan Rai is the first to hold the post.

CERT-In, an emergency response team is set up under the Ministry of Electronics and Information Technology for dealing with a range of cyber-attacks.

Apart from this, the Government of India has four Sectoral Computer Emergency Response Teams to address Cyber Security Threats in Power Systems: Transmission, Thermal, Hydro and Distribution.

All the four utilities have been asked to identify a nodal senior executive as its Chief Information Security Officer (CISO) to lead the process of strengthening organizational systems with respect to cyber security and implement an information security management systems as recommended by rules under the Information Technology (IT) Act 2008.

A brief on India’s Cyber Security Status

Oct 17, 2017

The biggest story of 2016 is undoubtedly the alarming rise of cyber crime. A look at global IT industries explains that we’re facing a lack of efficient professionals. According to the Cyber Security Ventures ‘Cyber Security Jobs Report’, there were 1 million cyber security job openings in 2016. The number is expected to grow to 1.5 million by 2019.

Against the backdrop, the scenario of India’s cyber security industry is no exception. A quick glance at one of the most notable security breaches in the country shows:

1)   Cyber criminals breached the country’s largest government site – the Indian Railways Catering and Tourism Corporation (IRCTC) website, stealing around 10 million records from the server of the e-ticketing portal.

2)    A cyber criminal by the name ‘Faisal’ allegedly breached the website of Canara Bank, defacing it by inserting a malicious page and blocking some of its payment services.

3)    Fraudsters broke into the email account of Binny Bansal, CEO of Flipkart, sending two emails to the Chief Financial Officer (CFO) demanding a sum of $80,000.

Further look at similar incidents show that majority of these attacks happened in the e-commerce and banking sectors. The reason for this is found to be a high value of personally identifiable information )PII) in these industries.

According to ‘M-Trends 2016, Asia-Pacific Edition’ by Mandiant Consulting, Indian organizations are more susceptible to data breaches. Poor investments in high-end security solutions are to blame, as experts say. This must sound caution to smaller and bigger organizations both.

In the wake of this, the Indian government has started to invest money in recruiting cyber security experts. Partnerships with top international security firms have also been registered. The recent Memorandum of Understanding (MoU) between the national cyber security agencies of India and the U.K. is a step in the direction. The exchange of technical information on cyber attacks, security incidents and solutions will benefit both countries in fighting cyber crime together.

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Artificial Intelligence (AI) to affect 60%-70% of the current jobs

Oct 18, 2017

As the world moves from ‘globalization’ to ‘glocalization’, the era of digitization seems to make its entry into global markets too. We’ve stepped into the age of ‘digital disruption’ where every new technology succeeds over its predecessor, proving the former a failure.
Increasing digital market environments are becoming a goal for every contemporary business organization. Digital interventions of social, analytics, mobile, big data and cloud technologies are laying the foundation for transformation. When these are integrated into cognitive computing, robotics, internet of things, 3 D printing, they form multiple disruptive scenarios like P2P, remote healthcare, digital banks, etc.
From the industry perspective, digital disruption is blurring lines between practices and learning from one industry being implemented in the other. Proliferation of smart devices and surge of AI, is the new battleground that is taking many sectors by storm.
AI has become the new hiring manager as job losses are projected to be the next big story. A recent World Bank research shows that AI threatens 69% and 77% of jobs in India and China respectively. A report by US-based research firm HfS Research states that about 7 lakh low-skilled workers in IT and BPO industry in India are likely to lose their jobs 2022, due to automation and AI.
Further, AI is set to affect 60%-70% of the current jobs. They will either get marginalized or totally eliminated.
A number of AI-based startups like Skillate, Belong, Stockroom, etc. scan through resumes and contain automatically updating algorithms for CVs. All of these are slowly taking over jobs portals like monster.com, Indeed, etc.
AI is shaking up the recruitment industry. Companies like Airbnb, WeWork, are starting pay-per-use models in both products and services. This has consistently given rise to freelancers who enroll for project-based work in growing gigs economy. Projections show that 43% of the US workforce will be freelancers by 2020.
In the time interactivity, where AI ensures upgrade on the go, jobseekers often complained of websites becoming useless for their resumes. Many even complained of no update on feedback on their interviews.
With AI, the most prime concern is of privacy. It is naïve to believe that AI-based platforms only track data in the public domain. A lot of times, a candidate’s political bias might potentially affect the employer’s decision-making. Or in the digitally-dominated world, potentially employable candidates who don’t use a lot of computers, may miss out on opportunities.
It is largely expected by cyber specialists that gradually, a person’s digital footprints will significance in the future.

India witnesses one cyber crime per 10 minutes: 2017

Oct 17, 2017

With increasing number of people in India going online every year, the risk of cybercrime hovers above. The rise of smaller organizations and their less or no protection of data also leads to maximum cases of security breach.

In the first six months of 2017, India saw one incident of cybercrime per 10 minutes. These include ransomware attacks to minor phishing rackets. The Indian Computer Emergency Response Team reported 27,482 cases between January and June.

Phishing, scanning, probing, viruses, defacements, site intrusions and denial-of-service were the most reported incidents. Ransomware attacks are gaining pace in India.

1.71L crimes have been reported in the last 3.5 years.

 

The RBI has also issued warnings about bitcoins, the preferred mode of payment for attackers.

Here is a list of the most remembered security breaches in India last year:

  • Mirai botnet malware: A botnet malware named Mirai took over the Internet targeting home router users and other IoT based devices. The malware affected 2.5 million IoT devices; it’s not clear how many systems were affected in India. CERT—In had also issued an advisory regarding the attack back in October 2016.

 

  • WannaCry: Ransomware WannaCry swept the world in May. CERT-In immediately put out an advisory notice. Few instances of the ransomware were reported to have hit banks in India, and some businesses in Tamil Nadu and Gujarat as well during the first wave of the attack. Railwaire users were also most affected by the ransomware.

 

  • Petya: India was also on the top 10 list of countries to be hit by Petya ransomware attacks, with the country faring worst among other Asia Pacific (APAC) countries, cyber security firm Symantec said in a blog postlast month. Globally, India took the 7th spot with less than 20 organisations being affected as per the Symantec’s analysis.

 

 

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