Ransomware attacks are not only going to continue, but hackers are likely to target larger organisations through supply chain vulnerabilities, a recent report by Moody's said.
As per Check Point Research, cyber threats have witnessed a surge of 30 per cent globally in 2024, with an average of 1,636 weekly attacks per business.
In a post on the ‘X’ platform, Mr Shah said the Indian Cyber Crime Coordination Centre (I4C) has taken several steps in this direction. He thanked renowned actor Amitabh Bachchan for his active involvement in accelerating the mission of building a Cyber-Secure Bharat.
Presiding over the technical sessions held on the second day of the conference, Sahu said that many important suggestions have emerged from the brainstorming sessions.
The cybersecurity laboratory will develop and deploy security solutions in crucial sectors such as healthcare, fintech and aerospace among others, IIT Madras said.
On a global scale, the survey also showed that when organisations paid a ransom to get their data decrypted, they ended up additionally doubling their recovery costs (US$750,000 in recovery costs versus US$375,000 for organisations that used backups to get data back).
The aim of the hackathon is to address cyber security challenges and cybercrimes in the country by identifying innovative ideas and technological solutions given by the participants.
According to a PwC report, 43 per cent of Indian business executives said their firms were yet to fully mitigate the risks associated with remote and hybrid work, 61 per cent said the same around risks associated with accelerated cloud adoption, and 55 per cent around increased data volumes.
Value Point System's 2,000 local customers will now have access to Softline´s full portfolio of solutions and services.
The next India-Japan Cyber Dialogue will take place in 2023, as agreed by both parties.
