₹14,000 CRORE
THE VALUE OF INDIA’S CYBERSECURITY MARKET IN 2019
₹29,000 CRORE
THE ESTIMATED VALUE OF INDIA’S CYBERSECURITY MARKET IN 2025
DEMONETISATION AND Covid-19 have led to a surge in digital payments in India, with such transactions almost tripling over the past four years. With the amount of financial data being generated every second, and the stringent Reserve Bank of India (RBI) guidelines financial institutions have to adhere to, banks have been investing and adopting measures to keep hackers at bay and protect client and consumer data.
For example, to strengthen its internal network from multiple attempted security breaches, one of India’s largest public sector banks deployed a centralised policy server architecture to fortify its systems from unauthorised access. It picked Hewlett Packard Enterprise’s Aruba ClearPass Policy Manager to secure access for its 260,000 internal users and their connected devices.
Not just banks, the need to have a holistic cybersecurity approach for businesses has become very crucial, given the soaring cyberattacks in Indian cyberspace. According to CERT-In, the national nodal agency that responds to computer security incidents, instances of cyberattacks in Indian cyberspace have gone up from 208,456 in 2018 to 1.15 million in 2020; this year, there have been 607,220 such incidents till June. The cost of a data breach has also increased. According to IBM’s Cost of a Data Breach Report, the average total cost of a data breach was ₹14 crore in 2020, an increase of 9.4 per cent from 2019; and the cost per lost or stolen record was ₹5,522, 10 per cent more than 2019.
This story is from the {{IssueName}} edition of {{MagazineName}}.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber ? Sign In
This story is from the {{IssueName}} edition of {{MagazineName}}.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber? Sign In
"Moving to cloud helped us grow❞
What was the problem you were grappling with?
She's Got Time
MORE WOMEN ARE BECOMING WATCH CONNOISSEURS, SEEKING OUT BOTH JEWELLED AND TECHNICAL WATCHES FOR THEIR STYLE AND CRAFTSMANSHIP
RISING STAR
PARUL GULATI IS a name that's been steadily gaining prominence in the Indian entertainment industry after she appeared on season 2 of Shark Tank in 2023. She has become a multifaceted personality who effortlessly transitions between acting and entrepreneurship.
Building on a Legacy
WHEN ZAHABIYA KHORAKIWALA stepped into her role as Managing Director of Wockhardt Hospitals over a decade ago, she confronted formidable challenges that have since turned into achievements.
LEADER IN INNOVATION
AS FEDEX'S PRESIDENT (Middle East, Indian subcontinent and Africa), Kami Viswanathan has a lot on her plate.
WAITING IN THE WINGS
Here are those who missed out as they have not yet completed a year in office; they'll be strong contenders in 2025
A DECENT PROPOSAL
IN TODAY'S WORLD OF TRYING TO CREATE AN EQUITABLE SPACE, BOTH MEN AND WOMEN CONTRIBUTE TO THEIR HOUSEHOLDS. WOMEN ARE ENCOURAGED TO HAVE THEIR OWN SAVINGS POOL AND INVESTMENT ROUTINE. GIVEN THIS, HOW SHOULD FUTURE BRIDES APPROACH FINANCIAL PLANNING?
Women and the STEM Bias
EMPOWERING WOMEN IN STEM WILL NOT ONLY BENEFIT INDIVIDUALS, BUT ALSO STRENGTHEN THE ENTIRE INDUSTRY, DRIVING INNOVATION AND PROGRESS.
ROCKET WOMEN
WOMEN IN INDIA ARE NOT ONLY VENTURING INTO SPACE BUT ARE ALSO STARTING TO SPEARHEAD THE COUNTRY'S EFFORTS IN THE GLOBAL SPACE RACE.
ONE STEP FORWARD
THE NUMBER OF WOMEN INDEPENDENT DIRECTORS IS GROWING STEADILY, BUT IT'S A LONG WAY FROM GENDER PARITY. MUCH MORE NEEDS TO BE DONE TO BREAK THE GLASS CEILING IN BOARDROOMS.
