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Indian Firms Losing $10 mn Every Year Because of Cyber Attacks: Microsoft Study

Additionally, more than one in five (22 per cent) of Indian organisations have witnessed benefits of using AI to achieve faster and more accurate detection of threats

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Microsoft currently has 54 Azure Cloud regions -- more than AWS and Google combined.

A large-sized enterprise in India loses an average of $10.3 million owing to cyber attacks and a mid-sized organisation an average of $11,000 annually, a Microsoft-led study said on Wednesday.

Cyber security attacks have also resulted in job losses across different functions in more than three in five (64 per cent) organisations that have experienced cyber attacks, revealed the Frost and Sullivan study commissioned by Microsoft.

“With traditional IT boundaries disappearing, the adversaries now have many new targets to attack. Companies face the risk of significant financial loss, damage to customer satisfaction and market reputation-as is evident from high-profile breaches this year,” said Keshav Dhakad, Group Head and Assistant General Counsel, Corporate, External & Legal Affairs (CELA), Microsoft India.

The study, titled “Understanding the Cybersecurity Threat Landscape in Asia Pacific: Securing the Modern Enterprise in a Digital World” involved a survey of 1,300 business and IT decision makers.

“More than three in five organizations (62 per cent) surveyed in India have either experienced a cybersecurity incident (30 per cent) or are not sure if they had one as they have not performed proper forensics or data breach assessment (32 per cent),” the findings showed.

The survey ranged from mid-sized organisations (250 to 499 employees) to large-sized organizations (more than 500 employees).

Microsoft
Hackers bleeding large Indian firms by $10 mn on average each year: Microsoft. (Wikimedia commons)

To calculate the cost of cybercrime, Frost & Sullivan created an economic-loss model based on macro-economic data and insights shared by the survey respondents.

The study also examined the current cyber security strategy of organisations in India.

It found that nine in 10 (92 per cent) Indian organisations are looking to leverage Artificial Intelligence (AI) to enhance their cyber security strategy.

Additionally, more than one in five (22 per cent) of Indian organisations have witnessed benefits of using AI to achieve faster and more accurate detection of threats.

Also Read- Employees at Facebook Looking For Better Opportunities in Future

“Most organisations lack a cybersecurity strategy, while for a large majority cybersecurity was an afterthought. About 59 per cent (three in five) respondents said the fear of cyber attacks has hindered digital transformation projects,” the study noted.

While 37 per cent see cybersecurity strategy only as a means to safeguard the organisation against cyberattacks rather than a strategic business enabler, a mere 18 per cent seeing cybersecurity as a digital transformation enabler, it added. (IANS)

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Microsoft Knockout: Why AWS CEO Must not Lose His Cool

Currently, 7,000 government agencies, 10,000 academic institutions and 25,000 nonprofits are using various AWS services worldwide

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A man walks past a Microsoft sign set up for the Microsoft BUILD conference at Moscone Center in San Francisco, April 28, 2015. VOA

BY NISHANT ARORA

As the CEO of a $36 billion enterprise that leads the global infrastructure Cloud market with over 175 services — more than any other Cloud vendor — Andy Jassy is deeply hurt at the Microsoft’s $10 billion Pentagon Cloud win and is leaving no stone unturned to criticise the company, despite knowing the fact that a “significant political interference” killed the chances of Amazon Web Services (AWS) which was a favourite to seal the deal.

At the AWS “re: Invent” conference attended by over 60,000 people in Las Vegas last week, Jassy went after the Satya Nadella-run company at several occasions, criticising its licensing practices and making a pitch for open-source Linux operating system over Windows.

Limiting the attack on its old Cloud rival Oracle in just one slide during his keynote presentation, Jassy’s target was Microsoft all over, and the aim was to begin strides towards $3.7 trillion enterprise IT market where Microsoft has a lion’s share.

“If you look at Windows, 57 per cent of Windows in the Cloud runs on AWS operating system rather than Azure. You see this return to the ways of old from Microsoft where they’re not prioritising what matters to you guys, the customers. People are sick and tired of being pawns in this game,” said the AWS CEO.

Surprisingly, Jassy did not attack Microsoft Azure directly but its Windows and SQL Server software in the Cloud using existing licenses.

Later in the news conference, he again touched upon the subject and slammed Microsoft, this time clearly citing “significant political interference” in the US government’s decision to award the JEDI (Joint Enterprise Defence Infrastructure) contract to Microsoft.

If we look at the facts, there is not stopping Windows.

More than four years after its release, Windows 10 has passed 50 per cent in market share, meaning every other desktop computer is now running Microsoft’s latest operating system.

Windows (including older versions) has a massive 87.8 per cent global share while Linux has a poor 1.72 per cent market share worldwide. Mac OS has over 10 per cent market share globally.

Microsoft has revealed that there were more than 900 million devices running on Windows 10 and the company is edging closer to its 1 billion mark by 2020.

Riding on its commercial Cloud and Office business, Microsoft posted $33.1 billion in revenue with $10.7 billion in net income (an increase of 21 per cent) for its first quarter of fiscal year 2020.

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AWS is the Cloud arm of retail giant Amazon. Pixabay

Revenue in Intelligent Cloud was $10.8 billion and increased 27 per cent. Server products and cloud services revenue increased 30 per cent, driven by Azure revenue growth of 59 per cent.

Office Commercial products and cloud services revenue increased 13 per cent, driven by Office 365 Commercial revenue growth of 25 per cent.

On the other hand, Jassy thinks that in 2020, about 80 per cent of the workloads deployed will be Linux workloads.

“We see a lot of monetisation decisions around moving Windows to Linux. And this has been happening for several years now. There’s such a vibrant community around Linux and we’re finding that all the features and all the security things happen much quicker than with OS like Windows,” Jassy told the gathering.

The truth is: His public rant against Microsoft’s enterprise IT business does not hold good as it is way ahead in this business than AWS.

AWS’s forte is Cloud and related domains where Microsoft Azure is fast growing.

AWS now spans 69 Availability Zones within 22 geographic regions around the world and has announced plans for 13 more Availability Zones and four more AWS Regions in Indonesia, Italy, South Africa and Spain.

According to Gartner’s Infrastructure-as-a-service (IaaS) market segment share globally, AWS is far ahead in this segment with 47.8 per cent share, followed by Microsoft at 15.5 per cent, Alibaba at 7.7 per cent and Google at a mere 4 per cent.

Also Read: Upcoming iPhone SE 2 Likely to be Called as ‘iPhone 9’

Currently, 7,000 government agencies, 10,000 academic institutions and 25,000 nonprofits are using various AWS services worldwide.

Jassy just needs to be doing where he is good at: Reinventing new Cloud strategies.

Entering OS or other business verticals where Microsoft is a distinguished leader won’t serve any purpose, that too because one big Cloud deal has been lost owing to “a sitting US President who is willing to share openly his disdain for a company and the leader of that company” and not because Microsoft was a better option than AWS. (IANS)