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

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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.

Synopsis

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 .

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 put through IT examinations to assess their level of cyber security preparedness and degree of

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