Cyber threats Financial News

Niti Aayog has said. Niti Aayog, in a report titled 'Domestic Manufacturing Capacity & Potential Cyber Security Challenges in the Wind Sector and Way Forward', said wind turbines' capability to exchange information through power plant controllers (PPC) poses a significant cybersecurity threat. «The PPC software is of critical importance and associated with risks — used in the device which connects the wind farm directly to the national/state grid. »PPC OEMs of foreign origin, especially neighbouring countries, need to be examined, and a call needs to be taken for their suspension while not adhering to the protocol," it said.

cybersecurity professionals, especially at the leadership level, are more in demand than before. Organisations have started to consider cyber as a key enterprise-wide risk that can not only pose financial losses but also tarnish reputations, destroy customer trust, and even threaten public safety, says Anand Venkatraman, Partner, Deloitte India. The stakes are higher in today’s interconnected digital landscape, and this calls for robust cyber defences and risk management strategies. There is a clear surge in demand for cyber insurance so that organisations can offset or transfer some financial damage from this risk. The areas of demand

NEW DELHI : The Bureau of Civil Aviation and Security is examining the implications of artificial intelligence and other emerging technologies as part of its efforts to safeguard against cyber threats, a top official said. "New technologies come with new challenges. We are examining AI, we are consulting some experts also," BCAS director general Zulfiquar Hasan said, speaking on the sidelines of the 38th Raising Day of the Bureau of Civil Aviation Services.

Capterra survey, 82% of organisations with a heightened awareness of cyber threats reported increased cybersecurity spending from 2022 to 2023, while a mere 1% reported a recognition of the critical need for robust cybersecurity measures. Companies across various sectors in India have implemented a range of technical and procedural safeguards such as:1. 61% of surveyed organisations conduct formal cybersecurity risk assessments. 2.

cybercrimes. In this context, cyber insurance has emerged as an essential tool for safeguarding against financial and reputational damages caused by cyber attacks. “When it comes to taking risks, there are just have three options – Accept the risk, mitigate the risk using technology and transfer the risk to an insurance company.

Crisis management, cyber resilience, and handling emergencies have taken centre stage, prompting corporates to take pre-emptive actions to deal with them, a PwC India survey said. According to India's Crisis and Resilience Survey 2023, the looming spectre of unpredictable events, alongside escalating cyber threats like ransomware, has nudged 96 per cent of businesses to elevate their cyber resilience blueprints. Moreover, 97 per cent of organisations are poised to significantly invest in crisis management, viewing unforeseeable events as tangible risks, it added. «The survey indicates that crisis management, cyber resilience, and emergency management are taking the centre stage,» it said. PwC India said 112 organisations from diverse industries, such as telecommunications, industrial products and manufacturing, financial services, banking and capital markets, automotive, education, healthcare, and pharmaceuticals, were surveyed. «The continuous and relentless waves of changes have pushed corporates, especially in India, to recognise and act upon the pressing need for strategic resilience,» the study said. With disruptions on the rise from 80 per cent in 2019 to 98 per cent in 2023, organisations have made resilience a strategic organisational priority, the survey said. «The numbers from the 2023 survey aren't just statistics — they're a reflection of the urgent shift in mindset needed across the board.

On the eve of G-20 Summit in national capital Delhi, the Delhi Police's website is down. The Delhi Police website seems to have crashed amid cybersecurity threats ahead of the crucial international meet in Delhi.

MUMBAI : Global cooperation is essential to tackle cryptocurrencies and other threats emanating from the cyber space, finance minister Nirmala Sitharaman said on Tuesday, outlining a topic that is set to be a key Indian focus at a Group of 20 summit in New Delhi this weekend. “As much as you build firewalls, there are more and more newer ways in which attacks are being made. Crypto (is a) threat as well as an opportunity," Sitharaman said at a Global Fintech Fest here.

Union Health Ministry has undertaken various measures in collaboration with the Indian Computer Emergency Response Team (CERT-In) to ensure data security and protect the privacy of patients from cyber threats, the Lok Sabha was told on Friday. Advisories issued by the CERT-In are disseminated to all authorised medical care entities and service providers in the country for compliance, Minister of State for Health S P Singh Baghel said in a written reply in the Lower House.

In the process of stopping over 1.5 million cyberattacks between March and May, the cybersecurity arm of the former smartphone goliath BlackBerry identified malware families that actively try to hijack computers to mine or steal cryptocurrencies.

The UK markets watchdog saw a 52% spike in cyber incident reports last year, new figures show.

Some of the UK’s top banks have been contacted by the Financial Conduct Authority to make sure they are prepared for a potential cyber attack as tensions between Russia and Ukraine escalate.

Some of the UK's top banks have been contacted by the Financial Conduct Authority to make sure they are prepared for a potential cyber attack as tensions between Russia and Ukraine escalate.