In a recently held event hosted by RAH Infotech, IT industry experts came together to discuss the 20 threats each CEO should prepare for by 2020 and how to combat the ever challenging cyber security issues.
Speaking at the event, the guest of honour Mr. Pavan Duggal, Chairman International Commission on Cyber Security Law & Advocate, Supreme Court said “Data is the most critical component of any business and securing it should be the first priority. Ransomeware is just the tip of the iceberg. Organisations must brace up for more powerful attacks with cyber criminals finding smarter ways to break into any network.”
He further added “DDoS attacks can be rampant in future. They can impact organisation’s business in a big way. It will not only result in loss of revenue but loss of customer trust. Cyber Security is ever more important for banking sector as transactions worth millions of rupees occur every single day. Govt. of India has put forth certain guidelines and those who adhere to these guidelines are protected by the law. Failing to adhere could lead to imprisonment and heavy penalty.”
Amit Malhotra, VP, Sales India, Middle East & Africa, Seclore shared “The free flow of information at an unprecedented speed will warrant a paradigm shift in the InfoSecurity community, who will be unable to assure the security of data as it moves across and outside of corporate boundaries. Instead, the InfoSecurity teams will shift their focus to securing the data itself, striving to achieve persistent security through solutions that control granular usage policies, regardless of where the information resides. Data-Centric Security Solutions will become an InfoSecurity fundamental, joining the ranks of Anti-Virus and Firewall Technologies.”
Nikhil Taneja, Managing Director – INDIA & SAARC, Radware, said “Over the past few years, digital technologies have rippled through the business world and unleashed unprecedented innovation and disruption. Yet, at the same time, attacks are becoming more insidious and sophisticated. Phishing, spear-phishing, whaling, ransomware, hacking, hacktivism and corporate espionage are now mainstream problems. Data breaches and DDoS attacks are a daily concern. As the most networked nation on earth, India is extremely vulnerable. Perry4law, a world renowned techno legal firm believes that Cyber Security Infrastructure in India could still be at nascent stages and Indian Cyber Security Infrastructure must be urgently “Strengthened” so that sophisticated Cyber Attacks can be suitably managed in India.”