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#cybersecurity | #hackerspace | Accelerator Program for Early-Stage Innovations in Water: An Akamai India CSR Flagship Initiative

Source: National Cyber Security – Produced By Gregory Evans

Written by Neha Jain, Co-Chair of India’s CSR Board

Continuing in our commitment to sustainability, Akamai is excited to announce the launch of our accelerator program supporting innovators and building solutions to address India’s water challenges. A concerted effort by the Akamai India leadership team, the accelerator program is being launched at a time when we are witnessing a rising demand for water globally, caused by exponential population growth coupled with a changing climate that is making rainfall less predictable. Closer to home, here in Bangalore, India, we are witnessing the impact of rapid urbanization on our water resources like never before.

From our past experience with Corporate Social Responsibility (CSR) initiatives and supporting social purpose organizations in India, our India leadership team was eager to build a program that has a strong focus on impact and also reflects Akamai’s core values of innovation, technology, and sustainability. After exploring various thematic areas, we selected water — spanning water conservation, groundwater recharge, water quality, efficient use of water resources, and water governance — all calling for the sustainable management and use of India’s scarce water resources.

After analyzing the available solutions and gaps, we realized that a critical area of need is for solutions that require support with refinement of their products, and ideas allowing for higher market-readiness and scale. We are excited to be a catalyst in this ecosystem and join forces with the Indian Institute of Technology Madras (IIT Madras) — one of India’s premier academic institutions — in this endeavor. IIT Madras has supported over 200 startups through its incubation programs and also houses the International Centre for Clean Water (ICCW), a first of its kind, in-house centre in India, exclusively set up to focus on supporting water innovations.

Together with our accelerator partner, we are excited to embark on this journey, and you will hear more from us and our grantees soon! 

Stay tuned for more updates.

*** This is a Security Bloggers Network syndicated blog from The Akamai Blog authored by Courtney Hadden. Read the original post at: http://feedproxy.google.com/~r/TheAkamaiBlog/~3/1RQSs56DbK8/accelerator-program-for-early-stage-innovations-in-water-an-akamai-india-csr-flagship-initiative.html

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#nationalcybersecuritymonth | Why small businesses in India should take cybersecurity seriously

Source: National Cyber Security – Produced By Gregory Evans

NEW DELHI: City-based Virendra Shekhawat, founder of Delhi Photography Club, which teaches photography to beginners through workshops was the target of a cyber-attack in December 2017. The company’s Facebook page which had 2 lakh followers and 10,000 paid subscribers was hacked and Shekhawat was logged out of his own account.

Despite filing a police compliant and paying a ransom, Shekhawat failed to secure access to his account. He finally accessed it after Facebook reset his account. Shekhawat made just 12,000 from the page that month compared with monthly earnings of 3,00,000 and 4,00,000 prior to the attack.

Cyber-attacks on small- and medium-sized businesses (SMBs) have been on the rise. According to a 2019 study by Accenture, 43% of cyberattacks worldwide are aimed at SMBs. India has 6 crore SMBs that account for 30% of the GDP as per the Confederation of Indian Industry and with the adoption of technology their contribution is only likely to grow.

Consulting firm Zinnov expects SMBs in India to consume digital services worth $80 billion in the next 5 years.

Unlike large enterprises, many SMBs often do not have resources and manpower to deal with the evolving threat landscape. On top of it, they feel that they are not at risk.

A July 2019 study by UK based cyber-security firm Keeper Security found that decision makers in 62% of companies between $1 million and $500 million did not think they would be the target of cyber-attacks. It is this perception which may discourage them to spend enough on cyber-security.

“Small budgets certainly have a role to play for small companies that might forego hardware security via firewalls and unified threat management devices, and certainly would find it difficult to hire IT staff with the skill and experience to implement security measures,” said Samir Mody, vice president, CyberThreat Lab, K7 Computing, an Indian cyber-security firm.

To cut down on spending, many are tempted to use cracked or pirated software. Mody warned that using pirated or outdated operating systems also leads to the risk of cyber-attacks since they may not get security updates.

According to an August 2019 report by Russian cyber-security firm Kaspersky, despite the availability of newer versions of software, around 41% of consumers still use either an unsupported or approaching end of support desktop operating system such as Windows XP or Windows 7.

About 40% of very small businesses and 48% of SMBs continue to rely on these operating systems. Microsoft recently killed all support including security updates and patches for Windows 7.

SMBs in banking, financial services and insurance sector are more vulnerable as they allow cyber-criminals to make monetary gain and steal sensitive data at the same time.

Similar to SMBs, startups also feature high the list of potential targets of cyber-criminals. Despite founders of startups having a better understanding of modern day cyber-security risks, and a higher likelihood of them taking steps to protect their assets, there have been frequent cyber-attacks on startups. Among Indian startups, Zomato suffered a security breach in 2017.

Also, targeting startups can sometimes be more lucrative than SMBs. “Most important thing that a startup needs to protect is its IP (intellectual property). Many of these startups have no funding for first 6 to 12 months but they have a great idea. If the idea or source code is leaked, they can lose what makes them unique,” said Mukul Shrivastava, partner, Forensic and Integrity Services, EY India.

Credibility is also important. If a customer data base is breached, startups lose credibility, which can stall future investment in addition to heavy penalties they may have to pay, added Shrivastava. A 2019 study by US-based National Cyber Security Alliance suggests that 60% of SMBs that face a cyberattack tend to go out of business within six months.

Cyber-attacks have a catastrophic effect on startups as they are characteristically anchored in technology and operate on a lean infrastructure. If this infrastructure gets compromised, it usually compromises their business entirely, warned Rakesh Kharwal, managing director, India/South Asia & ASEAN, Cyberbit – an Israeli cyber-secuirty firm.

“Any cyber-attack primarily complicates a business in three ways, i.e. operations, market perception, and legal. Now, startups also have meagre capital. A report by Data Security Council of India (DSCI) also states that the average cost of cyber-attacks has increased by 8% in India. So, for startups, it becomes tough to sustain unit economics,” added Kharwal.

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#deepweb | Gangsters’ reliance on ‘fake’ numbers : The Tribune India

Source: National Cyber Security – Produced By Gregory Evans Bhartesh Singh Thakur in Chandigarh It’s a constant game of cat and mouse when it comes to tracking gangsters’ communication in Haryana but at the moment, the mouse has got a bit smarter. Gangsters whose numbers are usually under surveillance of police cyber cells are using […] View full post on AmIHackerProof.com

#comptia | #ransomware | Why Tier-II Cities In India Must Prepare To Prevent Ransomware Attacks

Source: National Cyber Security – Produced By Gregory Evans While the issue of cyber threats is consistently on the rise, there is a general perception that only metro cities may be prone to cyber-attacks. But in fact, research has found time and again that it is the other way around. Multiple cities in India and […] View full post on AmIHackerProof.com

#nationalcybersecuritymonth | Police in states across India are relying on private firms and consultants to solve cybercrime cases

Source: National Cyber Security – Produced By Gregory Evans Cyber forensics firms, such as Volon and AVS Labs, are increasingly being asked to crack cases of cybercrime, even as law enforcers build their own teams of cyber intelligence experts. Take this recent instance. A businessman was accused of deceit in a deal, and a court […] View full post on AmIHackerProof.com

#hacking | Accel’s new India fund, Slowing growth of AePS & more, Technology News, ETtech

Source: National Cyber Security – Produced By Gregory Evans Accel’s new India fund What’s the news? Accel India, backer of leading technology startups such as Flipkart, Freshworks and Swiggy, has raised about $550 million for its sixth India fund, taking its assets under management to $1.5 billion. This makes Accel VI among the largest corpuses […] View full post on AmIHackerProof.com

UK police watchdog probes ‘serious’ hacking from India

Source: National Cyber Security – Produced By Gregory Evans

UK police watchdog probes ‘serious’ hacking from India

The UK’s Independent Police Complains Commission (IPCC) on Thursday confirmed it had launched an investigation into allegations that a unit of Scotland Yard obtained access to email accounts of journalists and environmental activists in the country through hackers based in India. The Yard’s National Domestic Extremism and Disorder Intelligence Unit (NDEDIU) was accused by a whistleblower – believed to be …

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50% malware exploits in India occurred in the last 3 months of 2016: Report

Source: National Cyber Security – Produced By Gregory Evans

50% malware exploits in India occurred in the last 3 months of 2016: Report

Indian firms were highly vulnerable to cyber attacks in the period following demonetisation with close to 50% of the attacks happening in the last three months of 2016, a report published by Fortinet points out. The research report said that the last two weeks in December, 2016 recorded a very high level of threat activity following the push towards a …

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India, US Sign Agreement on Cyber-Security Cooperation

Source: National Cyber Security – Produced By Gregory Evans

India, US Sign Agreement on Cyber-Security Cooperation

India and the US have signed a memorandum of understanding (MoU) on cooperation in the field of cyber-security, an official statement said in New Delhi on Wednesday.
“India and the US have signed a memorandum of understanding between the Indian

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Cisco signs MoU with Modi govt to work on cybersecurity threat in India

Source: National Cyber Security – Produced By Gregory Evans

Cisco signs MoU with Modi govt to work on cybersecurity threat in India

Government’s cybersecurity arm – CERT-In and Cisco will establish a threat intelligence sharing program to work together on cybersecurity issues.
With number of digital transaction increasing significantly in the light of the Prime Minister Narendra Modi push for demonetisation, global

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