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Indian firms increase cyber security budgets: Report

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New Delhi: To combat the increasing threats of cyber attacks, Indian companies have stepped up their budgets on cyber security solutions multiple times, according to a study released here on Tuesday.

“Cybersecurity is indispensable. Organisations in India are looking towards innovative cybersecurity solutions, and we have seen a 25 percent compound annual growth rate (CAGR) in security budgets over the past five years, which support this trend,” Sivarama Krishnan, leader-cybersecurity, PricewaterhouseCoopers (PwC) India said.

According to PwC Global State of Information Security Survey 2016, done by PwC, CIO and CSO the average number of information security incidents in India detected by respondents increased by 117 percent over the previous year, increasing from 2,895 last year to 6,284 this year.

Attacks on industrial control systems (ICSs) and consumer technologies showed a marked increase. Losses as a result of incidents also surged by 135 percent over the previous year and the average cost per incident increased by close to 8 percent.

Connected to the emergence of cloud-based systems, Big Data and Internet of Things (IoT) are ascendant technologies that present a host of cyber challenges and opportunities.

In the case of Big Data, often considered a cyber liability, 49 percent of respondents are leveraging data-powered analytics to enhance security by shifting it away from perimeter-based defences and enable organisations to put real-time information to use in ways that create real value.

“Not only are leaders adopting innovative solutions, but even fundamental security technologies and practices have seen wider acceptance, and organisations have evolved to master the basics. This has improved security postures of organisations throughout the country,” Krishnan said.

Over 70 percent of respondents employ cloud-based security solutions, which have emerged as an effective way for organisations to efficiently combat cyber threats.

“Organisations are also deploying Big Data analytics to manage insider threats; almost 28 percent have plans to employ Big Data analytics for improving security in the next 12 months,” the report added.

(IANS)

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India Gets Its Sex Offender Registry

The latest statistics from India's National Crime Records Bureau show the number of sexual crimes rose 12 percent between 2015 and 2016.

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People hold placards at a rally condemning the rapes of two girls, aged 8 and 11, in Ahmedabad, India
People hold placards at a rally condemning the rapes of two girls, aged 8 and 11, in Ahmedabad, India. VOA

India has launched a sex offender registry. The establishment of the database comes as the country is experiencing a daily wave of sexual crimes.

The information in the registry, however, will only be available to law enforcement officials. In contrast, in the United States, the public has access to information in sex offender registries.

India
Indian women participate in a candle light vigil at a bus stop where the victim of a deadly gang rape in a moving bus had boarded the bus two years ago, in New Delhi, India. VOA

A home ministry statement said the 440,000 names in the Indian database includes people convicted of rape, gang rape, child sex crimes and sexual harassment. The registry also includes photos of the offenders, plus their addresses and fingerprints.

The latest statistics from India’s National Crime Records Bureau show the number of sexual crimes rose 12 percent between 2015 and 2016. The figures for 2016 show there were more than 100 reported rape cases in India every day. (VOA)

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