Wednesday 8 November 2017

Cyber security for digital India is the top priority!

India is growing really fast towards a digital network, the number of connected devices is only increasing and the Internet is penetrating the remotest of areas, but are we prepared to fight this digital battle? There are big loopholes in India’s cyber security infrastructure. India seems to be ready for a digital future but it is certainly not prepared to handle the security risks.
The systems that are built around technologies with weaker protocols which are inherently more unguarded and for this the systems should be blamed. India has witnessed a 350 per cent rise in the cybercrime cases from 2011-2014.
In the past, the attacks that were conducted were from the countries like US, Turkey, China, Brazil, Pakistan, Algeria, Turkey, Europe, and the UAE. As the growth of smartphones and internet is adopted by most of the people, India has emerged as one of the most favourite countries among cybercriminals said the study.
Cyberattacks around the world are occurring at a greater frequency and intensity. Not only individuals but also businesses and governments are being targeted. The profile and motivation of cyber attackers are fast changing,”
As there is an increase in the usage of information and operational technology (OT) and consumer technology (CT) in critical infrastructure, overall the effect has increased. Although these elements have become the target of the choice for attackers since they recognize the impact of disrupting the routine way of life.
The US has been the target of this cybercrime and there has been an increase by 50 per cent, the cyber incidents against its critical infrastructure. It's not only about the businesses the government is also their target.

The pace of shift to digital payments has significantly increased with the strong move towards a cashless economy. The main factors that influenced this growth include increasing the number of mobile phone penetration, lower cost of service delivery, banks discouraging customers from visiting branches, the unorganized sector supporting digital payments and the demonetization drive. The micro factors clearly indicate a favourable environment for digital payments, which also is supported by the approach being taken by the regulator. According to KPMG challenges remain before India becomes truly digital these challenges are inclusive of wide use of feature phones, especially in rural areas, patchy digital connectivity in parts of the country, acceptance, and change in mind set lack of awareness and security in transactions. It is critical for the citizens both corporates and individuals, to be aware of cyber risks and not fall a prey to the phishing scams.        

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