Data Breaching | Cyber Insurance Opportunities | VARINDIA News Hour
We live in a world that’s becoming more digitally dependent. Right from our social interactions to professional interchanges and financial transactions, most take place digitally. While digital resources are enabling, they also leave us vulnerable to cyber criminals as a lot of information regarding our personal and professional lives rests in the digital domain. Cyber insurance or cyber security insurance provides coverage from activities such as identity theft, unauthorized transactions, and more with rapidly increasing digitalisation, cyber risks and loss scenarios keep changing quickly. For all risk owners this makes it even more important to learn from past incidents and identify upcoming cybersecurity trends, threats and vulnerabilities. Cyber insurers have already proven that they can be part of the solution when it comes to building up resiliency and preparedness across all industries. The total global economic damage of cybercrime is a controversial issue. Cybersecurity Ventures estimates global economic cybercrime costs to grow by 15% per year over the next five years, reaching $10.5 trillion annually by 2025. In 2021, the number is expected to be $6 trillion up from $3 trillion in 2015. This is no surprise as the cybercriminal world is advancing at a fast pace.
Having cyber insurance is a good idea if the costs make sense — it could be the difference between going out of business and staying afloat. Even if you can afford and qualify for coverage, you should know that cybercriminals like to attack companies with cyber insurance. According to a recent survey, these organizations are over two times more likely to pay ransoms than those without it. Hackers even find out the value of potential victims' coverage by breaking into the insurance companies first so they can demand the highest possible ransom. Once they've extorted organizations with cyber insurance, the.
Data Breaching | Cyber Insurance Opportunities | VARINDIA News Hour
We live in a world that’s becoming more digitally dependent. Right from our social interactions to professional interchanges and financial transactions, most take place digitally. While digital resources are enabling, they also leave us vulnerable to cyber criminals as a lot of information regarding our personal and professional lives rests in the digital domain. Cyber insurance or cyber security insurance provides coverage from activities such as identity theft, unauthorized transactions, and more with rapidly increasing digitalisation, cyber risks and loss scenarios keep changing quickly. For all risk owners this makes it even more important to learn from past incidents and identify upcoming cybersecurity trends, threats and vulnerabilities. Cyber insurers have already proven that they can be part of the solution when it comes to building up resiliency and preparedness across all industries. The total global economic damage of cybercrime is a controversial issue. Cybersecurity Ventures estimates global economic cybercrime costs to grow by 15% per year over the next five years, reaching $10.5 trillion annually by 2025. In 2021, the number is expected to be $6 trillion up from $3 trillion in 2015. This is no surprise as the cybercriminal world is advancing at a fast pace.
Having cyber insurance is a good idea if the costs make sense — it could be the difference between going out of business and staying afloat. Even if you can afford and qualify for coverage, you should know that cybercriminals like to attack companies with cyber insurance. According to a recent survey, these organizations are over two times more likely to pay ransoms than those without it. Hackers even find out the value of potential victims' coverage by breaking into the insurance companies first so they can demand the highest possible ransom. Once they've extorted organizations with cyber insurance, the
Technology video | 198 views
Key trends and opportunities to impact 5G in 2022 | 5G network in India | VARINDIA News Hour
5G is inevitable and the increased demand from the consumer will drive revenue growth in 2022, with this Network cost could double as operators strive to meet demand for increased capacity and deploy 5G. The 5G roll out in India in 2022, will witness enterprises and network providers seeking use cases to implement 5G in business operations. This will see business use of 5G move out of its nascency and the adoption of advanced features such as Ultra Reliability Low Latency Communications (URLLC) and Massive Machine Type Communicators (mMTC) for faster and better results. The ecosystem will expand to include public cloud providers and new open infrastructure for an Open 5G ecosystem, delivering private 5G networks with more capabilities. 5G is expected to bring in better connectivity, a promise of quicker digital functions, more flexibility and wider reach, enhanced customer experiences, and easier management of data-driven processes. Capitalizing on these opportunities will help organizations improve their productivity and enable them to save and devote the necessary time for operations that are intrinsic to innovation and business success. With 5G, enterprises will also be able to connect with their customers across wider markets with ease and efficiency.
While India's 5G journey is yet to begin, the existing digital ecosystem already offers global vendors and networks huge opportunities to provide technical expertise. We expect to witness the beginning of an accelerated 5G infrastructure deployment serving both urban and rural India by the first half of 2022. This development will boost smartphone penetration and provide a new dimension to India's digital revolution leading to the adoption of advanced technologies such as the Internet of Things, Industrial IoT, edge computing, and robotics across industries like agriculture, e-commerce, healthcar
Technology video | 319 views
Newer opportunities of investment | fintech companies | Digital Payments | VARINDIA News Hour
India is amongst the fastest growing Fintech markets in the world. The Indian Fintech ecosystem sees a wide range of subsegments including Payments, Lending, Wealth Technology (WealthTech), Personal Finance Management, Insurance Technology (InsurTech), Regulation Technology (RegTech) etc. India remains one of the largest markets where the structural enablers to set up and incubate fintech have come together strongly and at an apt time. Combination of steady economic growth with low penetration of financial services and availability of supporting infrastructure such as internet data access, smartphones along with utility infrastructure including Aadhaar based authentication and India Stack capabilities are likely to provide the required impetus to India's FinTech sector. The FinTech market has continued to help expand access to financial services during the pandemic, especially, the emerging market has seen strong growth in all types of digital financial services. The digital payments landscape has also grown rapidly over the last decade. India has globally positioned itself as a benchmark in digital payments owing to its resilient payment infrastructure, market practices and proliferation of digital payments across various segments which include both retail and merchants.
Fintech has helped reduce the cost of providing services, making it reachable to more people while reducing the need for face-to-face interactions, which is highly essential for keeping the economic activity during the pandemic going. As the pandemic situation is getting better, many fintechs are under stress on a number of fronts. But, as the broader economy shifts from “respond” to “recover”, new opportunities may be created for some fintechs. A key question is how fintechs may leverage their unique assets and skills to seize new opportunities in the future. It could be an opportun
Technology video | 236 views
Disruptive technologies opened vast opportunities for cybersecurity warriors | VARINDIA News Hour
We’re living in an information age where data is the new currency. As the world explores new digital frontiers, the importance of data security is growing exponentially. Once a company crosses the $1 Billion mark, it becomes part of a rare and exclusive club: The Unicorn Club. “Anytime, anywhere” has become the mantra of today’s enterprise workforce. The exponential growth of the Internet interconnections has led to a significant growth of cyberattack incidents often with disastrous and grievous consequences. Employees in remote and home offices and on the road stay productive using applications in the cloud, collaboration tools, and personal devices tied into their corporate network. But as IT stretches to reach a far-flung workforce, it is exposed to more risks. Many organizations have implemented enhanced security across their networks to help protect data. But even with stepped-up measures, there are some simple ways you and your staff can help safeguard your IT environment. The development of more innovative and effective malware defense mechanisms has been regarded as an urgent requirement in the cybersecurity community. The main challenge is how to keep the software and systems updated with the latest patches and limit their vulnerability to cyberattacks. Use the security features that come with your apps supplements other security measures you have in place. Strong passwords are one of the first lines of defense against breaches and changing them occasionally may help keep hackers out.
Digital transformation is helping to make the world a better place, but cyberattacks are an unfortunate part of this reality. These days, the success of any modern business, large or small, depends on the effectiveness of the data security systems it has in place. A survey outlines, there are 46 companies in the Cyber Security industry that have achieved a valua
Technology video | 265 views
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Oracle Data Management Multi Column Data Load | Oracle Planning Data Loading Using Data Management
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