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Widening disparities, growing threats cloud global cybersecurity outlook: WEF

Economic Times

Economic Times · 1y ago

Widening disparities, growing threats cloud global cybersecurity outlook: WEF

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.

Related News

Accel's Cybersecurity Summit on Jul 30 to focus on AI threats, building global security startups

YourStory

YourStory · 20d ago

Accel's Cybersecurity Summit on Jul 30 to focus on AI threats, building global security startups

The Accel Cybersecurity Summit on July 30 in Bengaluru will address AI-driven threats and aim to establish India as a global cybersecurity innovation hub. It will feature CISOs, cybersecurity founders, cloud architects, policymakers, and investors. The summit will serve as a platform for early-stage security products, with collaborations aimed at developing intelligent, AI-resilient solutions. Workshops, panels, and sessions will explore AI challenges, zero-trust architectures, and global scaling strategies, emphasizing India's potential in cybersecurity.

Google deal for 'hot market' cyber firm Wiz would bolster cloud security

Economic Times

Economic Times · 1y ago

Google deal for 'hot market' cyber firm Wiz would bolster cloud security

Google's potential acquisition of cloud security company Wiz for up to $23 billion would enhance its cloud security services, particularly for large organizations targeted by hackers. Wiz offers tools that enable organizations to scan their entire infrastructure for threats, giving customers increased visibility into their assets. The move aligns with Google's expansion into cybersecurity, following its purchase of Mandiant two years ago. Wiz, which expects to reach annual revenues of $1 billion by 2025, has capitalized on the growing market for cloud security, driven by the shift to remote work and cloud storage.

Cyber crime, deep fakes pose challenges to India's security: President Murmu

YourStory

YourStory · 6m ago

Cyber crime, deep fakes pose challenges to India's security: President Murmu

President Droupadi Murmu highlighted the challenges that digital fraud, cybercrime, and technologies like deep fakes pose to India's security. Addressing Parliament, she emphasized the government's efforts to combat these threats and mentioned that India has achieved tier-1 status in the Global Cybersecurity Index. The government is promoting e-governance to reduce interference, citing DigiLocker as an example. Cybersecurity remains a critical national issue in the growing digital landscape.

Growing Complexity in Cyberspace Primes Global Cybersecurity Outlook for 2025

Economic Times

Economic Times · 6m ago

Growing Complexity in Cyberspace Primes Global Cybersecurity Outlook for 2025

The World Economic Forum's Global Cybersecurity Outlook 2025 report highlights increasing cyber complexity due to technological growth, geopolitical uncertainties, and supply chain vulnerabilities. Geopolitical tensions, regulatory fragmentation, and advanced threats like those from GenAI deepen cyber inequity. Nearly 54% of large firms cite supply chain issues as barriers to cyber resilience. The report emphasizes public-private collaboration, adopting a security-first mindset, and evaluating cyber risks socioeconomically to strengthen resilience against sophisticated attacks impacting financial stability.

ThreatLocker: Securing tomorrow begins with a zero-trust approach today

Techradar

Techradar · 1y ago

ThreatLocker: Securing tomorrow begins with a zero-trust approach today

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.

World Economic Forum: Karnataka signs MoUs worth Rs 22,000 crore with seven firms

Economic Times

Economic Times · 1y ago

World Economic Forum: Karnataka signs MoUs worth Rs 22,000 crore with seven firms

The World Economic Forum (WEF) and the government of Karnataka have signed multiple memorandums of understanding (MoUs) worth Rs 22,000 crore ($3 billion) with various companies including Microsoft, Hitachi, and others. These collaborations aim to promote the state's economic development by leveraging technologies such as artificial intelligence (AI), cloud computing, and smart manufacturing. The MoUs were announced during the Global Investors Meet organized by the Karnataka government.

Cybersecurity job trends in India: Bengaluru takes the lead as demand persists

IndianStartupNews

IndianStartupNews · 1y ago

Cybersecurity job trends in India: Bengaluru takes the lead as demand persists

Indeed, a global hiring platform, has revealed that cybersecurity job postings in India have steadily increased over the past three years. From 2019 to 2022, there was an 81% surge in cybersecurity job postings, which was particularly prominent during the pandemic. However, from September 2022 to September 2023, there was a 25.7% decrease in job postings, potentially due to increased regulations and controls. Despite this decline, job seekers' interest in cybersecurity jobs grew by 6%. Bengaluru emerged as the leading city in India's cybersecurity job market, followed by Delhi-NCR, Mumbai, Pune, Chennai, and Hyderabad. India's growing internet user base has led to a rise in cyber threats, with the cybersecurity market estimated to exceed $15 billion by 2023.

GCC expansion facing delays amid tariff, geopolitical uncertainties

Economic Times

Economic Times · 3m ago

GCC expansion facing delays amid tariff, geopolitical uncertainties

Expansion plans for global capability centres (GCCs) in India are experiencing delays due to US tariff uncertainties and geopolitical tensions, particularly in sectors sensitive to tariffs like automotive. Despite short-term pauses, experts view these as tactical rather than structural issues. Existing GCCs are being pressured to optimise costs through strategic enhancements like generative AI adoption. The long-term outlook remains positive, with continued recruitment and a focus on critical skills in AI/ML, cybersecurity, and cloud technologies.

Where’s India’s Wiz? How Israel’s cyber edge leaves India playing catch-up

Economic Times

Economic Times · 4m ago

Where’s India’s Wiz? How Israel’s cyber edge leaves India playing catch-up

Google's $32 billion acquisition of cloud security company Wiz highlights Israel's prowess in cybersecurity, attributed to early education, military involvement, and innovation testing. Unlike Israel, India's cybersecurity landscape is less developed, with government contracts often favoring foreign firms. Although Indian startups like Quick Heal have found niches, global scaling remains limited. Venture capital interest is growing, suggesting potential. However, India risks being a hub for talent rather than entrepreneurship if these challenges persist.

Creating a cybersecurity training curriculum for SMBs and MSPs

Techradar

Techradar · 1y ago

Creating a cybersecurity training curriculum for SMBs and MSPs

The primary cause of successful cloud breaches is human error, with 74% of all breaches involving a human element, according to a global cloud security study. However, businesses are improving their security posture by investing in employee training programs. Short, frequent and relevant training sessions are more effective in addressing the evolving cybersecurity threats. Administrators also play a role in maintaining a sustainable training program by minimizing administrative overhead. Additionally, the article suggests using phishing simulations and microlearning together, making password management easier, reinforcing remote working best practices, emphasizing physical security, and increasing the frequency of training sessions.

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