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Reportedly, India Receives 5 lakh Cyber Security Alerts Daily

While India speeds up it's mission to transform into a digital economy with upgraded technologies, the country faces one of the highest rates of cyber security threats in the Asia Pacific region.

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Cyber Security
India faces one of the highest rates of cyber security threats in the Asia Pacific region. Pixabay

As India speeds up its mission to transform into a truly digital economy with technologies like 5G, the country faces one of the highest rates of cyber security threats in the Asia Pacific region — receiving over 500,000 security alerts daily — which is nearly three times the global average, a new report said on Monday.

According to a joint KPMG in India-Indian Mobile Congress-COAI report released on the first day of “IMC 2019” here, organizations need to be open with consumers about their data being collected as cybercrimes grow.

The impact of a data breach to an organisation averaged $3.9 million globally in 2018; it was around $1.83 million in India last year.

“Nearly 39 per cent of security alerts remain unattended owing to the lack of relevant skill-sets. Though there are approximately 600,000 digitally skilled employees in India, only 10-12 per cent have cybersecurity skills, while even fewer have data protection and privacy skills,” lamented the report.

The skill gap may increase further with rapid digitalization and is being cited as one of main reasons for not adopting advanced security practices and technology.

cyber threat
There are approximately 600,000 digitally skilled employees in India, only 10-12 per cent have Cyber security skills. Pixabay

“Here, it has become essential for organizations to offer relevant training to upskill and reskill employees,” said the report.

To add to their burden, more than half the security alerts investigated by organisations turned out to be false. This experts additional pressure on cybersecurity personnel.

“As India speeds up its mission to transform into a truly digital economic, cybersecurity threats and privacy concerns could impede its success,” said the report.

All stakeholders involved (government, industry, consumers and regulators) should consider implementation of advanced cybersecurity technologies.

Cyber Threat
As India speeds up its mission to transform into a truly digital economic, Cyber Security threats and privacy concerns could impede its success. Pixabay

“Considering the rising threats of the digital age, organisations need to have a comprehensive security architecture in place, one which ensures the protection of critical data across varied networks and environments, and technologies that dynamically respond to threats as they emerge,’ the KPMG in India report mentioned.

It is becoming clear that data ethics, privacy and security need to form an integral part of every organisation’s risk appetite and Board agendas to monitor progress.

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“This will require collaboration between entities that extract the data, and those responsible for ensuring that the data is used effectively and ethically,” the report said. (IANS)

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Flipkart Brings First Nokia-branded Smart TV in India: Report

The visuals of the TV are bolstered with "MEMC" technology, which eliminates blurs and judders for a screen shift devoid of lags, thus, offering better picture definition

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Flipkart Buys Back Shares Worth $350 mn.
New e-commerce norms to impact e-tailers: Flipkart. IANS

Flipkart on Thursday launched the Nokia Smart TV in India as part of their strategic partnership. Priced at Rs 41,999, the Nokia-branded smart TV is currently available in a 55-inch variant and features “Sound by JBL”.

The smart TV will be available on the e-commerce platform starting December 10 and the firm will expand the line up of 4K variants in the coming months.

“The acoustics of the Nokia Smart TV has been engineered by JBL, which will let customers experience clear vocal tones and minimal harmonic distortion. True to JBL’s brand recall, the Nokia Smart TV will also enjoy deep bass tones, typically popular with Indian audiences,” the company said in a statement.

Notably, this is the first time that JBL is extending its audio expertise in television space in India.

The TV is powered by 24 watt built-in speakers, “DTS TruSurround” and Dolby Audio to enhance the overall audio experience.

Flipkart will provide complete TV protection for Nokia-branded smart TVs, which is available at a launch price of Rs 999.

Flipkart, Nokia
Flipkart earlier entered into a strategic partnership with Nokia to launch Nokia smart TVs in India. Wikimedia Commons

The programme gives consumers a coverage of three years against manufacturing defects and accidental damages, along with a guaranteed buyback value at the end of three years.

The Nokia Smart TV offers intelligent dimming that helps produce deeper blacks through accurate backlight control and a wide colour gamut.

It comes with the Android 9.0 Operating System (OS) that will allow users access a host of apps on the Android TV Play Store.

Also Read: Sony Unveils Alpha 9 II Camera in India for Rs 3,99,990

It sports a quad-core processor and 2.25GB RAM and 16GB ROM.

The visuals of the TV are bolstered with “MEMC” technology, which eliminates blurs and judders for a screen shift devoid of lags, thus, offering better picture definition. (IANS)