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McAfee Official Says, India Needs A More Secured Cybersecurity Ecosystem

India now has the National Cyber Coordination Centre

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Although India has become more active when it comes to cybersecurity, the country needs to put all the pieces together to protect businesses via a foolproof ecosystem, a top executive from cybersecurity firm McAfee has stressed.

“India is interacting a lot with neighbours, coordinating with them via strategic MoUs on cybersecurity but there are few things that need to be patched to be able to respond faster and better to cyber attacks,” Ian Yip, Chief Technology Officer, Asia Pacific at McAfee, told IANS.

In a recent report released by the Australian Security Policy Institute, India ranked 10th on cyber security globally.

“The 10th rank globally is not that bad and there is room for improvement. India is in a good place to make those improvements by collaborating with all the stakeholders including cyber security firms,” Yip added.

India now has the National Cyber Coordination Centre, apart from a general computer emergency response team (CERT) and a separate CERT to protect the Banking, Financial services and Insurance (BFSI) sector.

According to Yip, there is now a full-fledged secondary market with cybercrime-as-a-service, helping cybercriminals leverage capabilities from fellow attackers and use advanced malware techniques to target enterprises.

Logo of McAfee
Logo of McAfee, flickr

“Cyber attackers have the capability to use some of the more advanced techniques. There is a secondary market with cybercrime-as-a-service, where they can leverage the capability of other criminals into the attack mechanisms,” Yip noted.

Apart from rising ransomware attacks, cryptojacking is now a big threat to companies.

Cryptocurrency mining is rising, said the executive, owing to the increase in the cryptocurrency value.

“Cryptojacking is more harmful for businesses and individuals than ransomware because it increases the cost of ransom,” Yip added.

The fourth quarter of 2017 saw a spike in the Bitcoin value, driving cybercriminals to focus on cryptocurrency hijacking through a variety of methods and was defined by rapid cybercriminal adoption of newer tools and schemes, a new McAfee report said recently.

According to Yip, the next big wave of innovation in cybersecurity solution is Machine Learning (ML) and Artificial Intelligence (AI) solutions.

Cyber security
Cyber security, Pixabay

Also read: Google won’t develop deadly AI weapons but help military

“There is urgent need to automate, orchestrate and integrate as much of security infrastructure as possible amid skill shortage. Cyber attackers are now also trying to leverage the potential of New-Age technologies,” he noted. (IANS)

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10 Media Outlets From India Selected For YouTube Funding

Other projects look at the sustainability of news organisations, including work on new business models and programmes to support a healthy news ecosystem

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10 Indian media outlets among 87 selected for YouTube funding. Pixabay

Ten media outlets from India have been selected for receiving YouTube innovation funding as part of the Google News Initiative (GNI) to help newsrooms and publishers strengthen their online video capabilities and experiment with new formats for video journalism.

These 10 news organisations – Asianet News Media and Entertainment Pvt. Ltd., Bharatiya Digital Party (BhaDiPa), FACTLY, Gaon Connection, India Today Group, Live Data Visualisation Pvt. Ltd., NDTV, NYOOOZ, ShepHertz and Video Volunteers — are among the 87 selected from 23 countries.

“Today’s announcement reinforces our commitment to supporting a strong future for news video,” Timothy Katz, Director of News Partnerships, YouTube, said in a blog post on Tuesday.

“Hailing from 23 countries around the world, they represent a diverse array of broadcasters, traditional and digital publishers, local media, agencies and creators, but all share a commitment to quality journalism and a spirit of innovation,” Katz added.

YouTube is rolling out a new service "YouTube Music" on May 22 to seperate the music and film components on the Google-owned video-sharing platform.
YouTube. Pixabay

As part of the launch of Google News Initiative in March, YouTube committed $25 million funding to support the future of news.

Many of the projects selected for the innovation funding are focused on expanding newsroom video operations and trying out new ways of reporting news through video — from reaching younger audiences online to exploring live and fact-checking formats.

Also Read- Twitter Warns Unusual Activity From Hackers in China and Saudi Arabia

Other projects look at the sustainability of news organisations, including work on new business models and programmes to support a healthy news ecosystem.

“Over the coming months, we’ll be sharing insights gained from the projects and giving newsrooms the opportunity to benefit from the learnings,” Katz added. (IANS)