Technology has become an increasingly integral aspect of the workplace and society. From email correspondence and financial transactions, to professional networking and collaborative work documents, businesses rely on technology to be connected at all times and conduct work effectively. However, when these lines of communication are threatened or even compromised, it can have a disastrous effect on the business. All businesses, no matter its size, need to ensure everyone involved in the company is up to date on the latest cyber security threats and the best methods for protecting data.
The 5th edition of Cyber and Data Security Summit 2021 witnesses an overwhelming response from the industry leaders. Most of the corporate who are into security say that, security is foundational to everything we do as the Cybercrime damages will cost the world $6 trillion by 2021. The pandemic was a difficult test for the technology leaders and the success based on how they navigated their organisations through changing consumption patterns. In this CDS 2021, we have understood from the leaders from the Industry, Corporate world and the policy makers what will be the trend in the coming year and how the leaders are prioritising things.
In the summit, we have four tracks of Panel Discussion sessions along with a live show case of the probable threat of using VPN (Virtual Private Networks) and the potential risk associated with the growing payments through RTGS. Followed by the Corporate presentation/FireSide chat with VARINDIA and Experts speech.
The event started with the welcome speech by Dr. Deepak Kumar Sahu, Editor-in-chief- VARINDIA. Welcoming everyone, Deepak said, “The outbreak of Covid-19 posed life threatening challenges but our high speed 4G connectivity infrastructure has proved to be India’s digital lifeline. Throughout 2020 the whole world worked online, studied online, worked online, received healthcare online, socialized online, played online simply put thrive online.”
Enlightening on various facts related to the cyber security the industry leaders said:
Dr. Sanjay Bahl, Director General- CERT
The survival of the business depends on maintaining trust
“Accelerating business transformation means accelerating change management strategy which can be defined as accelerating any shift or re-alignment or fundamental change in business operations. This acceleration is required as the business can survive and thrive in an environment, which is throwing new innovation driven opportunities as its response to shifting market demands while navigating the evolving regulatory complexities. The survival of the business is now dependent on maintaining trust in the services that it provides.”
Navneet Singh Bindra, Vice President & Country Chief Executive, Ingram Micro India
Ingram Micro helps organizations deploy robust and reliable solutions
“Ingram Micro security provides access to leading cyber security OEMs along with a comprehensive set of services that help organizations deploy robust and reliable solutions that are well suited for their needs. Our portfolio of security vendors covers domains such as identity management, threat management, data protection, risk assessment etc. We offer a diverse set of security vendors ranging from industry leaders to innovative ISPs that provide every kind of security that businesses today may need.”
Sudeep Das, Technical Sales Leader, IBM Security
Data and the people with their experiences should be safeguarded with security
“I will focus on the two primary aspects that I want to safeguard, first is data and the second is people and their experiences with security. The identity and how they are accessing the data and the applications. These two things are going to sit on the ecosystem of different technologies and different infrastructure. When I put this data security in identity access management in an open security ecosystem and manage the threats against this then we have sort of starting blocks like threat management, data security, identity access management and an open platform where each of these elements can talk to each other and leverage each other’s things.”
Nitin Dubey, Senior PreSales Manager, South Asia- Kaspersky
Spam and phishing attacks will continue to grow in 2021
“In this pandemic time, we have seen cyber threats increasing multi fold and major reasons for that are human error, unpatched vulnerabilities, accessible RDP and weak passwords. When we talk about human errors, without surprises spam and phishing is the number one attack factor. We have seen an increase and the trend will continue in 2021. The pandemic has pushed us to work from home and we have seen a significant increase in RDP attacks in comparison to earlier times. Ransomware is the fourth major attack factor and becoming a serious threat to all the organizations.”
Radhesh Walwadkar, Manager - Systems Engineering (India & SAARC)- Fortinet
There is an exponential increase in the number of attacks
“As an endpoint security customer, you might be coming across various terminologies like next-generation anti-virus, EDR, XDR. There is an exponential increase in the number of attacks which are becoming successful on the endpoint from 3.2 million to 1 billion in a very short period of time. This raises a question about whatever endpoint security mechanism I am using today whether it is really effective or do I need to change that certain endpoint security mechanism.”
Post lockdown enterprises looked at business resilience as the priority
“As you all know we are in a forced lockdown scenario, enterprises had to prioritize business continuity. Work from anywhere and work from home became the model, there was no other option. That is when one level of security evolved and organizations had to think about it and post that slowly things got better. Post lockdown enterprises looked at business resilience as the priority. That is why they had to adopt hybrid cloud, and started moving applications to cloud.”
Guruprakash Rayasa, Country Head of Sales- NSS INDIA- Keysight said during the fire side chat session
The value of visibility comes from intelligence
“The acquisition of Ixia strengthens Keysight’s position in Network visibility, network testing and network security as well as the visibility for cloud services in traditional and software defined. Network visibility is a fancy way to say make it easy for the security and marketing team to find issues which could be critical cyber security threats and fix it. The value of visibility comes from intelligence, not just data but understanding what is happening in the network.”
Malay Upadhyay, Sophos Sales Engineer- Sophos India
The rise of cyber-attack targeting the data and critical infrastructure of nations is undeniable
“Much has been talked about cyber security and the threat landscape, as we know that the threats are getting more and more sophisticated in nature and on rise than ever before. There is a strong need to automate the defence mechanism. The rise of cyber-attack targeting the data and critical infrastructure of nations is undeniable. With no signs of slowing down from state-sponsored hackers to activists to criminal enterprises groups are leveraging the power of automation to deploy malware with speed and scale given the automated nature of many of the attacks.”
Sunil Sharma, Managing Director (Sales)- Sophos said during the fire side chat session
The cyber-crimes have actually not increased
“If you look at data, cybercrime has increased but today the crime which has increased is where people are targeted. There are sophisticated attacks which are happening to the larger enterprises’ data account. There they know what the criminals want to do and at the same time if you look over all in terms of numbers and data, the cybercrime is also marching with at the same time and same speed. It has actually not increased. As people are working from their homes and become more vulnerable, hence the crime is seen more.”
The Experts and policy makers in the country in the Fire side chat session commented:
Loknath Behra, IPS, Director General of Police, Government of Kerala
Technology related crimes will increase every day
“Hi-tech crimes will increase as our way of living is very intimately connected to technology, whether it is Information Technology or BioTechnology. There will be an increase in the number of crimes which are committed either by using technology or the technical mind. As a police officer, I feel that technology related crimes or information related crimes will increase every day. We have a knowledge management system for training. We even teach the constables and sub-inspectors, who are directly recruited and those people who are sent for institute training.”
Anyesh Roy, IPS- DCP, Cyber Crime- Delhi Police
As people are forced to move to digital platforms the gap has completely gone
“The country is evolving in terms of usage of the internet and as well as devices which rely on the internet for communication. The devices gradually metamorphose into smaller things and becoming portable, more accessible on the move plus the number of applications used in these devices have gone manifold. Whatever gap that is remaining, has gone with the lockdown in March 2020. People who are reluctant, they are forced to move to digital platforms and in a way the gap has completely gone. We have actually made a quantum leap towards integrating our society to the digital platforms.”
Prof. Triveni Singh, IPS, S.P- UP POLICE
UP Police’s dedicated app helping people to fight cyber crimes
“Cyber-crime has increased during the pandemic in the fields of social media account, corporate sector, financial sectors and phishing attacks. We are facing an increase rate of child pornography cases in this period. Many people have committed suicide due to bank account fraud cases. There is also a major problem regarding fake accounts in Social media. We have a dedicated app for UP Police where people can lodge an FIR online.”
Dr. Pawan Duggal, Expert in cyberlaw and e-commerce law- Supreme Court of India
Every 11 seconds one company, globally become victim of high-tech crime
“The Indian BSFI sector is neither safe nor a good zone to be in, as this is now a fertile potential attack target. This shall be attacked by state and non-state actors. Globally, ransomware has become a big menace and challenge. Infact every 11 seconds, one company, anywhere in the world, becomes a victim of this high-tech crime. Government on the other hand has launched an online diploma for Law Enforcement agencies in terms of helping them in assisting in investigation of high-tech crimes”
D Sivananadan, IPS- Ex Commissioner, Mumbai Police
Cybercrime is the future of gen next crimes
“Since pandemic as people are jobless, property crime has gone up. Cyber crime is the most important property crime, as in this crime, one does not have to visit the crime spot. Future crimes will be cyber related. Police are an integral part of society. They have to upgrade themselves- hardware and software. Not only officers, but even constables too have to be trained in cyber usage, and detection and prevention of crime, by using cyber instruments.
Online Transactions Came With A Bit of Danger
“Practically since last one year, there was no work for people, and even if there was any, it was done from home. And hence, the cyber security breaches have gone up exponentially. In today’s circumstances and scenario, every bank account holder should question a bank about its cyber security policy, if they are followed by the bank and if they are examined by RBI. The RBI also in 2017 in cyber security practises has laid down specific rules and regulations, which seem good on a piece of paper but when it comes for implementation, it’s a big shock. Cooperative banks put the onus that nationalist banks are responsible to pay the money to them. This flashed as a heading on a certain channel. This has been in process from their side. Here, the nationalist bank is not at fault, as it has two security practices in place.”
In Box: Technology has become an accelerator in fundamental shifts in business models worldwide, The newer business models are expected to account for close to a whopping $15 billion opportunity for service providers.
Then it was time for the Panel discussion session with the leaders from the BFSI (Banking, Financial Services and Insurance sector). The discussion in the BFSI is important as the major driving force for the growth of the IT security market in India. The panellists said:
Kapil Mehrotra, Group CTO- National Capital Management Services
60-70% organizations are not ready to face the challenges
“Nowadays vectors are getting stronger day by day but most of the organizations are not ready with that change. In terms of percentage 60-70% organizations are not ready. This is one of the big risks. The people are not fully aware of it till now. Looking at these two major challenges we have to take care of the right implementation part and look for the right solution.”
Pawan Chawla, CISO-Future Generali India Life Insurance
India never had the culture to work from home
“Ever since the COVID-19 started, it has changed many things. One, it has changed the way we look at cyber security, secondly the way it does the business, third the way the threat factor used to perform their task. India never had the culture to work from home, with COVID-19 things have changed drastically. Every organisation today has this culture of Work from Home. They have adopted the WFH culture, although they were not ready in the initial few days.”
Milind Varekarm, CIO- Saraswat Bank
The pandemic has increased the attacks
“We need to ensure the safety of end customers. So, when we are taking care of the base at the infrastructure level one more challenge remains is to make each and every employee aware about their bank’s security perspective. During the pandemic it has been noticed that the attacks have been increased. We also need to ensure that the customers are aware of taking care of their own banking transactions.”
Dr. Sindhu Bhaskar, Co-Chairman & Founder-EST Group
Continuous work to create antidote is important
“We were in the digital world but neglected it from the beginning. We had the computerized environment but did not take full care of all the malwares and attacks. We were trying to be on the expansion mode rather than safeguarding our technologies. But now the focus has come due to the pandemic. The cyber attacks were present all of these years; it is not that these have come out all of a sudden.”
Kapil Madaan, CISO- Spark Minda
CISOs fill the gap between business, technology and security
“Cyber security has continued to take the centre stage. India is the second most ideal country for ransomware. It increased approximately 40-50 % in 2020 compared to last year. It is important that we start taking cyber security seriously. It completely depends on CISO’s strategy and preparedness to handle newer security risks, CISOs fill the gap between business, technology and security. We should come with an approach of a single click awareness solution.”
Upkar Singh, Director IT- FIS GLOBAL
The security urbanization is very paramount of importance
“Security for us is basically two-fold, internal and external. It is very critical for any service organization like us. The security has to be built on multiple levels, not only as the batch processing of the code we build. Security urbanization is of very paramount importance from the beginning. From physical security, network security or software security or endpoint security is of much more importance.”
The next was the Fireside chat session started with Trishneet Arora, Founder- TAC Security and Dr. Deepak Kumar Sahu, Editor-in-Chief,VARINDIA
Cybersecurity as important as physical strength
“People are unaware about cyber security. They don’t believe that their data can be stolen. Not large enterprises, even SME level or MSME level enterprises’ data are at risk, as they become easy victims of cybercrime or cyber threat. They are unaware about digital assets that can be hacked, as they are unaware about any digital asset they are holding. Unless organizations are aware about the digital asset they are holding, only then they will be aware of cyber security”.
Rajshekhar Rajaharia, Internet Security Researcher
Data has become an integral part of every one’s life
“These days we see every single person using the internet. Be it farmer, sitting on the border, he talks about cyber security, and his personal data along with other things. These days one’s data is vulnerable to cybercrime, or even fraud, hence cyber security is not just important for companies, but for individuals too. We have to prevent financial data with much precaution as Whatsapp banking etc., are risky. As everything is now coming under eCommerce, as one shall hardly visit the store, he/she shall use the card instead. In that case one has to limit his card. Banks these days give such offer limits, but at times common man generally neglects it and falls victim to these traps.”
Session-II- Discussion on latest strategies to deal with cyber threat vectors and trends from a global perspective, the session was attended by the CIO/CTO from the leading corporates in the country.
Parna Ghosh, Vice President & Group CIO-UNO Minda Group
Future digital enterprise will only depend on companies with good digital footprint
“Cyber security challenges are not only impacting the enterprises within their boundaries; it is also impacting the employees or individuals who are working in the enterprises. It is also impacting the individual’s devices like mobile phones or laptops and other devices and applications. It is spreading across and covering both the employees and the enterprise. In our organization we are doing a lot of reforms as we have understood one thing, future digital enterprise will only depend on companies who are really good and strong in processes with good digital footprint.”
Subroto K Panda,CIO-ANAND & ANAND
Security should be the prime focus now
“The pandemic has actually helped in development and adopting the security measures. Prior to pandemic our organization was completely offline but it became online all of a sudden. Security should be the prime focus now with enterprises getting into work from anywhere orr work from any device and be always available.”
Rishi Mehta, Technology Evangelist- Silicon Valley (USA)
Every Data is important from the security point of view
“The one big challenge is how much data should be used. As part of cyber security, you need to protect, but you need to use the data also and those lines have to be drawn somewhere on how you use the customer’s data or the company data or the supplier’s data. As you build the regulations to protect the privacy of the users and the data security, the way should be that you are not only protecting the assets around the data and the users but at the same time you are not stifling the innovation.”
Bharat B Anand,Group IT Head &Security- EC Council
If a person thinks he is 100% secured then he is really a fool
“There is nothing called inside in security whether it is physical or cyber. There is no term called full proof security, if a person thinks he is 100% secured then he is really a fool. We always say it is not about if, it is always about when. The concept we should always remember is to keep working, keep testing hypotheses continuously to figure out the gaps and work on them to shore up our fences so that we are better placed.”
Chandra Mouli, CIO & CTO-Sankara Nethalaya
Digitalization has a significant impact on business in terms of transformation
“Looking at my own experience in the financial services industry, I can say we have seen a lot of digital transformation now the way the business is going. Every risk that you see with all the digital initiatives that are coming around is also adding an element of risk. There is a quantum change particularly with all the digital play coming into the picture. Digitalization has a significant impact on business in terms of transformation but equally adding to the issues around another compliance and security particularly.”
DR. Vineet Bansal, CIO-Greenpanel Industries
Cyber security is the key component
“Cyber security is very important when we talk about the digital transformation which is happening today in all industries, specifically in the manufacturing sector. Cyber security is the key component as we have seen during the Covid time. Most of our resources were working from home and there was a big challenge of managing cyber security.”
The Next session was focused on how the VARs are geared to offer the security and Cyber security as their solution offerings.
B. Rajaraman, Manager – Technical, Raksha Technologies
Pharma breaches can be termed as most critical
“Work from Home was new to many of the organizations, as they have embraced this. Though it is a common term used in IT landscape, it comes along with challenges. Many IT organizations are struggling to implement the entire compliance requirements. On the other hand, we can see many breaches happening. Pharma breaches can be termed as the critical ones. It is clearly seen though we have security problems, the infrastructure is growing protected, and there are a lot of gaps that every organization has to fill yet. There are a lot of vulnerabilities seen to the known software which are used by the organization to run their day-to-day operations. And these softwares are used in the industry for many years.”
The summit continues with the third panel discussion session. In this session we had various take-aways from the Cyber Security consultants, Cyber law makers and the Influencers in the Industry. The topic of the discussion was " Sophisticated cyber criminals adopting Hi-tech cyberattack techniques to target end-users".
Dr. Karnika Seth, Founder-Seth Associates
Corporates have to bother for cyber security in general
“Data is huge, and data is the new oil. So we are worried about Cyber security not just from the point of view from how we protect just non personal data of people, which could be of businesses- not only their consumers, contacts, but also about the data of their citizens. Corporates need to worry on all fronts- legal, technical and cyberspace in general.”
Anuj Agarwal, Chairman- Cybrotech Digiventure
Cyber security is not just an IT game, but much different
“In terms of Corporate, the threat is from inside and outside- mostly from outside. The risk is mostly the management people are not involving themselves into cyber security and they are leaving it on their IT people as they are good at delivering IT solutions. Cyber security is totally a different ball game.”
Harold D’Costa, President-Cyber Security Corporation
Inside hacks is most dangerous than the outside hacker
“There are two types of hackers- Inside hacker and outside hacker. If an inside hacker does not provide any information to an outside entity, then there will be very less element of any unauthorised hacking taking place. As far as outside hackers are concerned, they can commit any attacks like ransomware attack, modifying the part of your folders... But mainly corporate problems are when the inside person provides information to outside entity for the crime to be taken.”
Sandeep Sengupta, CEO- ISOAH
Organizations have to be much aware about cyber security
“Lack of awareness is the most important point brought into awareness that starts from the top management. Most of the top management are clueless about the risk and the type of control. Thinking from a country point of view, the PSU, power grid, stock market, banks are the biggest vulnerable points as they are still using a lot of back-dated technology. If there is war breaking out, we will be in serious trouble. Because small time hackers etc cannot do much damage, but if the Power sector becomes a victim, it becomes a national security issue.”
Harnath Babu, CIO-KPMG India
Cyber security has become a hot topic these days
“Cyber security is becoming one of the top concerns in most of the organisations as we are dealing with data. With the advancement of technology, the more opportunities (hacking) that have been created, we are making it more vulnerable from a data security point of view.”
Subhoshan Mukherjee, Founder-Prime Info Serve
Cyber security is not treated like a family
“Any enterprises across the globe are trying to prevent the attack. Attack cannot be prevented. Many breaches across the globe, starting from Equifax to Sony, the moment attack takes place. At this point of time Cyber security is not as easy as few people think. As we are talking of multifactor attack, signature less attack, hence cyber security has to be treated like a family. To handle ransomware attack, check on every possible threat.”
During the Fire side chat session with Biswajit Mohapatra, Partner & Executive Director- Global Hybrid Cloud Transformation Services- IBM
Every organization must be pre prepared for the threat attacks
“Social media is becoming the best platform for the cyber criminals to conduct their criminal activities- be it identifying the data leakage, or phishing or even malware attacks; it is like a breeding ground for most of the hackers or cyber criminals. The first thing any organization has to do is to create a cyber security response intelligence plant- a living document that needs to be constantly, continuously and consistently monitored. Every organization needs to implement a security operation center- that will monitor any vulnerabilities and if any, is taken care of. Also, let’s not forget ODR practice- Observe, Dictate & Remediate at a very faster pace. Hi-Tech crime may increase, but if one implements right platforms, right solutions to prevent those, then one can save their organization from big time crises.”
In Box: Indian IT industry clients are of the view that technology is a primary factor which will lead their recovery from the COVID-19 pandemic slump. Thus, it is being believed that technology spending will revive and bounce back faster than it has ever done before from previous similar crises.
Next on the agenda was to presenting the most awaited Awards ceremony, on how Eleven (11) corporates have performed in various Cyber security solutions in the Indian market.
Award winners in 5th Cyber Security Summit 2021
# Best Identity & Access Management (IAM) solution- IBM India Pvt. Ltd.
#Best Next Generation Firewall- Fortinet Technologies India Pvt. Ltd.
# Best DLP solution provider- Broadcom India Pvt. Ltd.
# Best DDoS protection company- Radware India Pvt. Ltd.
# Best cloud security company- Cisco System India Pvt. Ltd.
# Best company into malware protection-Sophos Technologies Pvt. Ltd.
# Best EDR solutions- Crowdstrike India Pvt. Ltd.
# Best company into email security- Checkpoint Software Technologies
# Best Internet security- Kaspersky
# Best Cyber security company of the year (On Cloud)- Akamai Technologies
# Best Cyber security company of the year (On Hybrid) - IBM India Pvt. Ltd.
The next session was how the "Virtual Private Network" (VPN) can also be hacked.
Prasad T, CISO- INSTASAFE
Areas of attacks are reduced
“No company can overnight become highly secured. In today’s world every company is using VPNs and firewalls to protect their parameter of infrastructure. It is the time to move on from VPN to Zero trust, because VPN technology has evolved over the time and Zero trust make sure that these infrastructure and elements of it-like devices and applications are completely hidden. Areas of attacks are reduced when it comes to hacking an organization. It is a journey, not an easy game. Sometimes companies take time upto a year. We have to mature; we have to ensure that all our infrastructures are protected. Zero trust is a way to go, is all I would say.”
Next in the Fire side chat was Sandip Panda, Co-Founder- Instasafe
It is time to move from VPNs to zero trust
“Through this session the CIOs, CISOs and risk management professionals got an opportunity to understand what are the key vulnerabilities of the existing VPNs and how they could be exploited with readily available scripts on tools. Known vulnerabilities were always there. It is the time to move from VPNs to zero trust.”
Finally there was a panel discussion among the VARs dealing in the security and Cyber Security products and Solutions and topic was "Business resilience with digital capabilities is bare necessity for VAR’s to survive".
Ranjan Chopra- CEO & MD-Team Computers
Security is a much-specialised thing
“During security operations, when close monitoring is being done, expert services are being provided. A massive opportunity has been seen on the application side. As we were running managed services for 24*7 remote operation for a lot of customers, we have now added on security operations as well. I see this as a high growth area. Security is a much-specialised thing. Hence, we use both approaches- build and buy. We build some expertise internally and we will buy and partner with organizations on the panel, so that our customers get the best. Security threats are all over- email, parameter security, application security; all areas are very vulnerable.”
Krishnaraj Sharma, Director &CEO-IVALUE Info Solutions
Proactiveness is the best solution for ransomware
“Ransomware is a very reactive problem. Proactiveness is the best solution for ransomware. As long as we protect our data, we can minimise the chances of ransomware. Understand first which data is critical to the organization. Attackers very well know what data is critical for the organization. It is important for the organization to identify the critical data before the hacker does. In a large network it is necessary to identify where the critical data is, especially when you have customer data, customer asset data etc, and also identify the people handling it.”
N K Mehta, M.D.& CEO-Secure Network Solutions
“Ransomware attack can only be prevented if all security units are together”
“Ransomware is still coming to traditional channels- like email, web and the end point. According to Verizon Security Reports, 90% is delivered by email. Earlier, the organization used to have a point approach- the best of parameter security or best of the end point from different vendors from different partners. Today, we need to look at a solution which integrates all various channels into one. One may have parameter security or email security- but if neither of them works together, we are surely opening the doors for smart ransomware attackers to get into the system. But if all the security work together is like a tightly closed unit, with a centralized view, then there is a chance to protect against ransomware attack”.
Vishal Bindra, CEO-ACPL Systems
Ransomware is certainly one of the largest threats faced by corporates
“Ransomware is one of the largest threats faced by corporations. The biggest testimony is that added more than 500 thousand endpoints, more than EDR in the last 4 months itself. It is true that endpoint security is not going to be that strong, but with COVID coming in, it has really changed everything. After doing such a large implementation, we can realize one thing, we are buying tools which will give us a lot of indicators of compromise, what is happening, and they will give us a lot of indications. We are deliberately looking at data coming to us from all of these devices. We have created tools to do that.”
Ajay Bhayani, Director-Ambisure Technologies
“Ransomware attacks are these days happening continuously”
“Ransomware has been into the picture for decades. And here the most important thing is it is happening relevantly, but what has really changed is the organizations had really prepared themselves to fight against ransomware in the pre COVID scenario where everything was inside their environment. And that’s what has changed. The scenarios to protect oneself from ransomware have completely changed. If one really wants to protect themselves from such scenarios, backup is the way.”
Manasi Saha, Founder-Macaws Infotech
To be successful technical equipment is needed
“For last 20 years Macaws has been in the cyber security business. I started the journey with network security, went to infrastructure security and now into cyber security. As per Macaws is concerned, we believe in three things first, we have to take challenges. Secondly, we have to be equipped enough technically and third, customers have to be with me. I rely on innovation and transformation.”
Ramandeep Singh, Director-QOS
Ransomware is one such problem, known in the common man’s space
“The most important thing about Ransomware is the stage it comes to the surface or known to the organisation which is trying to deal with it- that defines with protection scale it should be defined. Every small or big organization is well aware about ransomware. Ransomware is one such problem, and is known in the common man’s space. There are protection, prevention solutions available, to commensurate to the risk an organisation has. But it is all about the managed services, the subsequent services layers that have been built by the virtue of the inside team, or by the outsource team or sub contract team.”
The event ended with a vote of thanks from S Mohini Ratna, Editor-VARINDIA. She spoke on Digital Services will be 50% of the IT Industry Revenue
The Indian IT industry which is $194 billion Information Technology industry is expected to be touching the $300-350 billion revenue mark over the next 5 years, growing by a rate of 10% every year. This must include investment by the service provides in both building and scaling digital technologies which in turn will help them create different and scalable offerings at a global level along with reskilling the workforce in emerging tech domains such as cybersecurity, enterprise SAS ecosystem, data, artificial intelligence, 5G, IoT, product engineering and more.
AI has been paramount in building automated security systems
“With AI being introduced across the industry and most of the sectors are geared for the challenges and opportunities. The technology comes with a combination of machine learning that has brought tremendous changes in cybersecurity. AI has been paramount in building automated security systems, natural language processing, face detection, and automatic threat detection. AI-enabled threat detection systems can predict new attacks and notify admins for any data breach instantly, making it the next cyber security trend in 2021.”
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