Increasing cybercrime bringing potential risk to every business

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#Infosys #CEO #IncomeTax

Emerging threats in the digital world

There is a sharp increase in cyberattacks worldwide – A question arises who has to be blamed for it? We have seen emerging threats in the world of digital which are linked to cyber security. Now, several organizations have also adopted remote working trends. However, who should look after the security of remote work? Starting from school children to large businesses everyone is now enabled with remote working. The cyber risks are also increasing day by day. Everyone would say that the IT department must take this responsibility. One of the key reasons for the increase of cyber-attacks is lack of security guidance, underlying controls & vulnerabilities are difficult to handle from a home environment where you are not behind firewalls, relaxed or limited security policies, no latest patches, updates etc. The tech leaders and businesses must go through different steps to strengthen trust and make remote work secure. Cyber risk management becomes easier with the defence model.

Today, none of the organization's digital assets are 100% secure. One particular security solution can never be effective in serving your purpose. Business leaders need to look for ways to detect the most sensitive data. Loss of that data will be disastrous to organizations. Thus, you have to ensure the best security systems for that data. Both the IT team and businesses have to protect the data. Moreover, by differentiating the critical data from the trivial ones, you will have the best result. Invest in securities based on business identification of data and find higher returns. Solve the issues that may damage your business status, reputation & customer retention & trust of consumers. There has to be regular education to Your employees who can unintentionally hit malicious links, and this mistake can cause disaster. The most important thing is to report this mistake to prevent the virus fr.

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  • Watch Increasing cybercrime bringing potential risk to every business Video
    Increasing cybercrime bringing potential risk to every business

    #Infosys #CEO #IncomeTax

    Emerging threats in the digital world

    There is a sharp increase in cyberattacks worldwide – A question arises who has to be blamed for it? We have seen emerging threats in the world of digital which are linked to cyber security. Now, several organizations have also adopted remote working trends. However, who should look after the security of remote work? Starting from school children to large businesses everyone is now enabled with remote working. The cyber risks are also increasing day by day. Everyone would say that the IT department must take this responsibility. One of the key reasons for the increase of cyber-attacks is lack of security guidance, underlying controls & vulnerabilities are difficult to handle from a home environment where you are not behind firewalls, relaxed or limited security policies, no latest patches, updates etc. The tech leaders and businesses must go through different steps to strengthen trust and make remote work secure. Cyber risk management becomes easier with the defence model.

    Today, none of the organization's digital assets are 100% secure. One particular security solution can never be effective in serving your purpose. Business leaders need to look for ways to detect the most sensitive data. Loss of that data will be disastrous to organizations. Thus, you have to ensure the best security systems for that data. Both the IT team and businesses have to protect the data. Moreover, by differentiating the critical data from the trivial ones, you will have the best result. Invest in securities based on business identification of data and find higher returns. Solve the issues that may damage your business status, reputation & customer retention & trust of consumers. There has to be regular education to Your employees who can unintentionally hit malicious links, and this mistake can cause disaster. The most important thing is to report this mistake to prevent the virus fr

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  • Watch Data retention with increasing Cybercrime Video
    Data retention with increasing Cybercrime

    While #Microsoft manages the infrastructure for #Microsoft365 users, it does not backup the data – this is down to the business itself. The question is how to protect all Microsoft 365 data ??– it assures compliance with data retention requirements, mitigates ransomware and malware threats, and eliminates accidental deletion or data corruption.

    A lack of data protection, side effects of a global pandemic, and an increase in exploit sophistication have led to a huge incline in hacked and breached data from sources that are increasingly common in the workplace, such as mobile and IoT (internet of things) devices.

    It is an open fact that remote workforces make inroads for cyberattacks. Remote workers will continue to be a target for cybercriminals, because of these remote workforces, cloud breaches will increase. Remote work continues to be a focus for many large companies, causing cloud-based operations to proliferate.

    Expanding #5Gnetworks connected devices at faster speeds and greater bandwidths. Cryptocurrencies exploded in popularity and are now bought, sold, and traded by individuals on a greater scale than ever before. Recent security research suggests that most companies have poor cybersecurity practices in place, making them vulnerable to data loss.

    To successfully fight against malicious intent, it’s imperative that companies make cybersecurity awareness, prevention, and security best practices a part of their culture. Secondly, experts listed several reasons for this — increase in online traffic, lack of awareness, lack of technical knowledge among police and people, and difficulties in investigating cybercrime cases.

    With this the worldwide information security market is growing rapidly. This is due in large part to organizations stepping up their defences against cyber threats — and a rise in such threats, including within their own companies.

    Unfortunately, most cybersecurity breaches are caused by hum

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    Increasing Cloud business attributes to the growth of Data Centre business in India

    India's progress towards becoming a true digital economy, backed by progressive government policies, is encouraging domestic and global data centre operators to make huge investments in the country. The market is likely to experience a rapid growth in the forecast period on account of increased investment in big data analytics, artificial intelligence combined with rollout of 5G technology across the country. Further, cloud services are being embraced by businesses in a variety of industries, including banking, financial services, insurance, IT & telecommunications, energy & utilities, media & entertainment, and manufacturing, which is boosting the India Data Center Market Growth. Adoption of these technologies would lead to increase in data volume and network bandwidth requirements, thereby resulting in growing demand for data center market in the forecast period. This shift towards cloud has pushed increased investments in hyper-scale data centers with the global data centre market investments expected to reach $200 billion per annum by 2025. India is also expected to get a share in this growth with investments in the country and the market size was valued at $4.35 billion in 2021 and the Revenue in the Data Center market is projected to reach $7.54bn in 2022 and by 2027 it is expected to reach $10.09 billion by 2027, growing at a CAGR of 15.07% during 2022-2027.

    There is growing demand, India will require huge investment in data center and cloud infrastructure over the next three years. Demand is likely to ramp up further due to the imminent rollout of 5G, increasing usage of IoT-enabled devices, data localization and cloud adoption. The businesses are looking to adopt cloud servers and surging cloud applications will make it imperative for businesses to have a reliable and secure IT infrastructure, where data can be stored and processed effectively. Data Centers are the backbone of a digital revolution. The Government of India's

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  • Watch Cybercrime is the greatest threat to every company in the world Video
    Cybercrime is the greatest threat to every company in the world

    As more and more companies experience crippling security breaches, the wave of compromised data is on the rise. Data breach statistics show that hackers are highly motivated by money to acquire data, and that personal information is a highly valued type of data to compromise. Cybersecurity is now a frequent issue for companies. Websites get hacked every day and some of those hacks are fatal to the business. Unfortunately, cyber-attacks have become so rampant that it’s impossible to nail down these numbers. Attacks that are more broadly targeted at websites or web applications, in general, are implemented using automated tools. This means that an automated tool has been programmed to search for a specific vulnerability or software that has a vulnerability.



    Cybercrime is the greatest threat to every company in the world. According to statistics, over 30,000 websites get hacked every day and even a regular small business website is attacked around 44 times per day. The most affected section in the society are SMBs, since their affordable capacity to better equip them with the tools, technology and the skill sets. SMBs face a specific set of challenges and limiting factors when it comes to improving their cybersecurity posture. Their smaller size often makes it difficult to find cybersecurity champions and define a right-sized cybersecurity governance model. Most SMBs do not have a dedicated chief information security officer (CISO) or information security organization to champion cybersecurity efforts. These IT teams may also have initiatives underway to move infrastructure to the cloud and, with limited cloud security expertise, they are unknowingly opening the door to an entirely new arena for hackers to play in with their advanced cybercriminal tools

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    Cybercrime - greatest threat to every company



    Mobile data, free internet access and remote work make us flexible – and a target for attacks. Many employees know little about IT security, and often become victims of cyber-attacks unbeknownst to them. Protecting a company against cyber-attacks needs more than technical measures. The ‘human factor’ is one of the most important components of a successful IT security system. It is therefore key to sensitise each employee to the importance of IT security – and the most effective way to achieve that is by turning it into a game, letting the learner experience scenarios they can recognise in an immersive environment. Now it is evident that any software can be hacked if you do not deploy security measures and follow best practices. Cybersecurity is now a frequent issue for companies. Websites get hacked every day and some of those hacks are fatal to the business.

    Ransomware attacks have become popular in the last few years and pose one of India’s most prominent Cyber Security challenges in 2020. According to the Cyber Security firm Sophos, about 82% of Indian organizations were hit by ransomware in the last six months. Ransomware attacks involve hacking into a user’s data and preventing them from accessing it until a ransom amount is paid. Ransomware attacks are critical for individual users but more so for businesses who can’t access the data for running their daily operations. However, with most ransomware attacks, the attackers don’t release the data even after the payment is made and instead try to extort more money. Going forward, there will be about 11.6 billion IoT devices by 2021. IoT devices include desktops, laptops, mobile phones, smart security devices, etc. As the adoption of IoT devices is increasing at an unprecedented rate, so are the challenges of Cyber Security.


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  • Watch Buy Now Pay Later modules seems potential risk Video
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    Potential risks of ‘Buy Now Pay Later’

    New research by financial advice service OpenMoney finds almost 57% of adults aged 18 to 50 have now used buy now, pay later schemes, up from 49% last year. The largest rise in usage has been among 45 to 50-year-olds, where 16% growth in the last year makes it the age group most likely to choose the payment method, with 58% having done so compared to 56% of those aged 18 to 24 - contradicting the belief that it is largely a tool for youngsters. The survey, among 2,000 UK adults found that the most frequently bought items using BNPL are laptops, phones and other tech items, followed by clothes and holidays. 41% of respondents said they use it because they can’t afford to pay for an item in one go, double the number who feel it makes financial sense to spread the cost. Among 45 to 50-year-olds, those who use BNPL because they can’t afford an item upfront increased by 20% last year. Concerningly, those struggling to pay off their BNPL debts has also risen, from 38% last year to 43% this year and one in three users have turned to friends and family for help with repayments - an increase of 10% on 2020 figures - while seven percent took out a loan and five percent used a credit card to pay back the money.

    Buy now pay later services are a form of payment where consumers make purchases and pay them off over a period of time in several installments, often interest-free. While BNPL is typically interest-free, some providers charge high late payment fees. Hayley Millhouse, managing director of OpenMoney, comments: “While from a budgeting perspective, spreading the cost of expensive items could make financial sense, it is worrying to see that two-fifths of users struggle to pay off the resulting debt, with many turning to friends and family or other forms of borrowing to make repayments.” The UK's Financial Conduct Authority will introduce new rules for buy now, pay late

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