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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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McAfee Official Says, India Needs A More Secured Cybersecurity Ecosystem
McAfee Official Says, India Needs A More Secured Cybersecurity Ecosystem, Pixabay
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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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President Ram Nath Kovind Pays His Condolences to Former UN Chief Kofi Annan

Annan was awarded the Nobel Peace Prize jointly with the UN in 2001 "for their work for a better organised and more peaceful world".

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India condoles former UN chief Kofi Annan's death.
India condoles former UN chief Kofi Annan's death. Flickr

India on Saturday condoled the death of former UN Secretary General and Nobel laureate Kofi Annan with President Ram Nath Kovind expressing his condolences to the former Ghanaian diplomat’s family and the UN community as a whole.

“Sorry to learn of the passing of former Secretary General of the United Nations Kofi Annan,” Kovind said on the Rashtrapati Bhavan Twitter handle.

“My condolences to his family and to the UN community,” he stated.

Annan, 80, died on Saturday in Switzerland after a short illness, with his wife and three children by his side.

“It is with immense sadness that the Annan family and the Kofi Annan Foundation announce that the former Secretary General of the UN and Nobel Peace Laureate, passed away peacefully on Saturday 18th August after a short illness,” his family said.

Kofi Annan
Annan was the first black African to take up the role of the world’s top diplomat, serving two terms from 1997 to 2006. Flickr

Annan was the first black African to take up the role of the world’s top diplomat, serving two terms from 1997 to 2006. He later served as the UN special envoy for Syria, leading efforts to find a peaceful solution to the conflict.

He also led a UN commission to investigate the Rohingya refugee crisis in Myanmar.

The Myanmar government led by Aung San Suu Kyi supported Annan’s recommendations on the crisis in the country’s Rakhine State.

Also Read: New AI Model to Identify the Risk of Heart Disease in Indians

Annan was awarded the Nobel Peace Prize jointly with the UN in 2001 “for their work for a better organised and more peaceful world”.

His tenure as the UN chief coincided with the Iraq war and the HIV/Aids pandemic. (IANS)