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News on Medial
As Boards Focus More on Cybersecurity, Are They Missing One of the Biggest Threats?
Livemint
·
1y ago
Medial
Board members have been increasingly responsible for cybersecurity strategy, but they often overlook their own vulnerability. Many board members lack preparation and training to anticipate, respond to, and avoid cyberattacks. They are uniquely vulnerable due to their remote work, use of public email accounts, and lack of involvement in cybersecurity awareness programs. To address this risk, customized education and training programs, tabletop exercises, phishing simulations, and one-on-one consulting can help board members develop the necessary skills and resilience against targeted attacks. Including board members in cybersecurity plans is essential as their role in safeguarding companies becomes more significant.
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India Inc shoring up its cybersecurity spends amid spillover threats
Economic Times
·
2m ago
Medial
In response to recent India-Pakistan hostilities, large and mid-sized Indian companies are enhancing cybersecurity measures due to a rise in cyber threats. Previously slow to act, they recognize the severe financial impact of cyberattacks. Following advisories and increased threats, businesses, especially in BFSI and tech sectors, are reassessing cyber defenses, leading to a surge in cybersecurity expenditure. This swift action reflects heightened focus on mitigating geopolitical cyber risks, with urgency in finalizing security contracts.
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Biased output, privacy violation, unauthorised data sharing due to AI can have serious ramifications for India Inc
Economic Times
·
1m ago
Medial
As India Inc embraces AI, internal auditors express concerns over inadequate controls, ethical safeguards, and governance frameworks. They highlight risks such as biased outputs, privacy violations, and unauthorized data sharing, which could lead to legal and financial liabilities. Boards are often unaware of the AI experimentation scale, raising governance issues. Organizations are urged to strengthen oversight, adopt global frameworks like the EU AI Act, and focus on cybersecurity to ensure responsible AI deployment and mitigate potential risks.
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Boards bet big on talent beyond the CEO
Economic Times
·
1m ago
Medial
Corporate boards are increasingly prioritizing talent management beyond CEO succession, dedicating substantial time to workforce planning and leadership development. A survey by Egon Zehnder reveals that 90% of boards focus on succession planning for 8 to 10 key roles, yet many HR leaders feel unsupported in leadership development. Challenges in aligning talent strategies with evolving business needs persist, with 72% of organizations struggling to develop future-ready leaders. Boards are now engaging more actively in talent strategy discussions.
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Widening disparities, growing threats cloud global cybersecurity outlook: WEF
Economic Times
·
1y ago
Medial
According to the World Economic Forum's Global Cybersecurity Outlook 2024 report, eight in ten top business executives feel more exposed to cybercrime than last year. The report highlights threats such as AI-generated deepfakes spreading false information during elections and organised misinformation campaigns on social media. It also mentions the rise of cyber inequity and the need for urgent action to address it. The report calls for collaboration to counter these threats and build a more resilient cybersecurity environment.
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93% of Indian executives anticipate cyberbudget increase in 2025: report
Economic Times
·
8m ago
Medial
Indian organizations are increasing their investments in cybersecurity, with 93% of executives planning to increase their cybersecurity budgets in 2025. This comes as data breaches continue to be a concern, with one in three organizations reporting breaches costing over $1 million in the past three years. Cloud-related threats have emerged as the top risk, with 55% of executives highlighting it as a concern. However, many leaders feel unprepared to tackle these risks, with only 20% of organizations employing robust methodologies for quantifying cyber risks. Despite the challenges, organizations are increasingly investing in generative AI and AI governance to strengthen their cybersecurity strategies.
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ThreatLocker: Securing tomorrow begins with a zero-trust approach today
Techradar
·
1y ago
Medial
The rise of cyber threats, fueled by geopolitical events and the increased use of artificial intelligence, has made cybersecurity a top concern for governments, businesses, and individuals. Traditional defense systems and endpoint detection tools are no longer sufficient to combat dynamic threats in a remote-working and cloud-based environment. A zero-trust, default-deny approach offers a strong strategy to enhance cybersecurity. ThreatLocker, among other providers, utilizes this approach by identifying normal operations, approving trusted applications, and denying untrusted software. This proactive approach minimizes vulnerabilities and significantly reduces response time. Collaboration and cooperation among cybersecurity providers are also crucial for creating a more secure landscape for businesses. Embracing new principles, collaboration, and a culture that recognizes the continuous presence of threats will shape the future of cybersecurity.
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Experts for budget boost to guard digital space from threats
Economic Times
·
6m ago
Medial
Industry experts urge the Indian government to allocate a dedicated budget for cybersecurity in the 2025 Union Budget to address increasing cyber threats. Emphasizing the need for support, especially for vulnerable sectors and small businesses, experts advocate for incentives to boost cybersecurity investments. They highlight the importance of a focused budget to enhance national resilience, foster innovation, and prioritise cybersecurity as a strategic sector crucial for India's security and economic prosperity.
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Cyber risks biggest threat faced by Indian orgnaisations: PwC survey
Economic Times
·
1y ago
Medial
According to a survey by PwC, cybersecurity is now considered the biggest threat faced by Indian organizations, with 38% feeling highly or extremely exposed to cyber risks. This marks a shift from the previous year, where cybersecurity ranked third on the risk radar. Indian businesses are responding by making significant investments in cybersecurity tools and technologies like AI and machine learning. The survey also found that Indian executives see technology disruptors as opportunities, with 69% viewing Generative AI as an opportunity. Additionally, 88% of Indian organizations are actively investing in building resilience in their ecosystem.
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Dragos raises $74M to secure industrial control systems from threats
Startup News FYI
·
1y ago
Medial
Dragos, a company focused on securing control systems for manufacturing and industrial equipment, has raised $74 million in a Series D round extension led by WestCap. The funding will be used to expand the company's customer base and make industrial cybersecurity more accessible globally. Dragos helps protect infrastructure in industries such as electric, water, oil and gas, and chemical from cyber threats. With attacks on industrial control systems increasing in frequency and sophistication, the global market for industrial cybersecurity is predicted to reach $10.2 billion by 2025. Dragos aims to provide visibility and analytics to identify and respond to threats in industrial control systems.
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Only 7% of organisations in India ready for cyber threats: Cisco report
Economic Times
·
2m ago
Medial
Amid rising AI-driven cybersecurity threats, only 7% of Indian organizations are prepared to confront them, as per Cisco's 2025 Cybersecurity Readiness Index. Despite a slight improvement from 4% last year, readiness remains critically low amid hyperconnectivity and AI's rise. The report reveals that while 90% of organizations faced AI-related incidents, only 66% of respondents are confident in employees' threat comprehension. Most organizations plan IT upgrades, but cybersecurity budget allocation remains low.
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