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Cyber security: Robust cyber infrastructure pivotal for India's digital economy push

These days are stark in contrast to the early 2000 when bankers were being advised to use the name of their former girlfriends as passwords, so that they don’t reveal it easily. Life was as mundane! The threat landscape since then has changed dynamically .
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18 Sep 2020 4 Mins Read 0 comment
Over the last 12 months, 93% of Indian organisations witnessed public cloud security incidents – including ransomware (53%) and other malware (49%), exposed data (49%), compromised accounts (48%), and cryptojacking (36%), according to Sophos India & SAARC. Getty Images
Over the last 12 months, 93% of Indian organisations witnessed public cloud security incidents – including ransomware (53%) and other malware (49%), exposed data (49%), compromised accounts (48%), and cryptojacking (36%), according to Sophos India & SAARC.
Kolkata: Last year around this time, a Singapore-based cyber security firm Group-IB had flagged that nearly 1.3 million debit and credit card data of Indian banks are on sale for a whopping $130 million. That prompted Reserve Bank of India (RBI) to order banks to disable and re-issue debit and credit cards. During the last financial year, 39 banks were
to light,” RBI Governor Shaktikanta Das said last month. India is known for the immense IT talent it has. It’s time that the talent is used to the maximum to build a robust and dynamic cyber security infrastructure so that consumers have the trust on the digital transaction ecosystem. This remains pivotal to the growth of India’s digital economy.
Kolkata: Last year around this time, a Singapore-based cyber security firm Group-IB had flagged that nearly 1.3 million debit and credit card data of Indian banks are on sale for a whopping $130 million. That prompted Reserve Bank of India (RBI) to order banks to disable and re-issue debit and credit cards. During the last financial year, 39 banks were to light,” RBI Governor Shaktikanta Das said last month. India is known for the immense IT talent it has. It’s time that the talent is used to the maximum to build a robust and dynamic cyber security infrastructure so that consumers have the trust on the digital transaction ecosystem. This remains pivotal to the growth of India’s digital economy.

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