Some 3.24 million records were stolen, lost or exposed in India in 2017, according to Breach Level Index study by digital security firm Gemalto. This number has increased by a whopping 783% over the previous year. The study tracks and analyses data breaches, the type of data compromised and how it was accessed, lost or stolen in the last five years.
Vantage point: Insights from cutting-edge researchA staggering 3.24 million records were stolen, lost or exposed in India in 2017, which registered a 783 per cent hike from 2016, according to findings of the Breach Level Index published by global digital security solutions provider Gemalto. Of the 29 data breach incidents in India in 2017, identity theft accounted for 58 per cent of all data breaches. Malicious outsiders remained the number one cybersecurity threat last year, at 52 per cent of all breach incidents. Companies in the retail, government and financial services sectors were the primary targets for breaches last year.
“The manipulation of data or data integrity attacks pose an arguably more unknown threat for organisations to combat than simple data theft, as it can allow hackers to alter anything from sales numbers to intellectual property. By nature, data integrity breaches are often difficult to identify and in many cases, where this type of attack has occurred, we have yet to see the real impact,” says Jason Hart, vice-president and chief technology officer for data protection at Gemalto.
To read the full article click here.
In its guidelines for govt CISOs, IT ministry highlights 8 best practices.
With an aim to spread awareness about the growing cyber threats to the chief information security officers (CISO) posted in every department of the government, the Ministry of Electronics and Information Technology has issued best practices guidelines to ensure a safe and secure cyber environment when it comes to data stored by the government.
“In the event that the confidentiality, or privacy, of the data is breached, an organisation must have controls, such as encryption, key management and user access management, in place to ensure that integrity of the data isn’t tampered with and it can still be trusted. Regardless of any concerns around manipulation, these controls would protect the data in situ and render it useless the moment it’s stolen,” Jason Hart, vice president and chief technology officer for data protection at Gemalto.
To read the full article click here.
MUMBAI: While an overwhelming majority of global firms have adopted cloud services, there is still a wide gap in the level of security precautions applied by them, a survey has revealed.
Almost half of Indian organisations say they are not likely to secure sensitive data in the cloud, according to the ‘2018 Global Cloud Data Security’ survey by global digital security firm Gemalto.
“While it’s good to see some countries like Germany taking the issue of cloud security seriously, its a worrying in rest of the world. This may be down to nearly half believing the cloud makes it more difficult to protect data, when the opposite is true,” Gemalto CTO, Data Protection, Jason Hart said.
To read the full article click here
Globally, organisations said only two-fifths of the data stored in the cloud is secured with encryption and key management solutions, it said.While an overwhelming majority of global firms have adopted cloud services, there is still a wide gap in the level of security precautions applied by them, a survey has revealed.
“While it’s good to see some countries like Germany taking the issue of cloud security seriously, its a worrying in rest of the world. This may be down to nearly half believing the cloud makes it more difficult to protect data, when the opposite is true,” Gemalto CTO, Data Protection, Jason Hart said.
To read the full article click here.
MUMBAI: While an overwhelming majority of global firms have adopted cloud services, there is still a wide gap in the level of security precautions applied by them, a survey has revealed.
Almost half of Indian organisations say they are not likely to secure sensitive data in the cloud, according to the ‘2018 Global Cloud Data Security’ survey by global digital security firm Gemalto.
“While it’s good to see some countries like Germany taking the issue of cloud security seriously, its a worrying in rest of the world. This may be down to nearly half believing the cloud makes it more difficult to protect data, when the opposite is true,” Gemalto CTO, Data Protection, Jason Hart said.
To read the full article click here.
Half of global organizations believe that payment information (54%) and customer data (49%) is at risk in the cloud; Organizations in India (73%), US (73%) and France (82%) believe that the management of user identities is more difficult in the cloud than the on-premises environment
“While it’s good to see some countries like Germany taking the issue of cloud security seriously, there is a worrying attitude emerging elsewhere,” said Jason Hart, CTO, Data Protection at Gemalto. “This may be down to nearly half believing the cloud makes it more difficult to protect data, when the opposite is true.
“The benefit of the cloud is its convenience, scalability and cost control in offering options to businesses that they would not be able to access or afford on their own, particularly when it comes to security. However, while securing data is easier, there should never be an assumption that cloud adoption means information is automatically secure. Just look at the recent Accenture and Uber breaches as examples of data in the cloud that has been left exposed. No matter where data is, the appropriate controls like encryption and tokenization need to be placed at the source of the data. Once these are in place, any issues of compliance should be resolved.”
To read the full article click here.
83 percent Indian IT security practitioners believe managing privacy and data protection regulations in cloud is more complicated than on-premises networks
Gemalto revealed that while the vast majority of global companies (95 percent) have adopted cloud services, there is a wide gap in the level of security precautions applied by companies in different markets. Organizations admitted that on average, only two-fifths (40 percent) of the data stored in the cloud is secured with encryption and key management solutions.
“While it’s good to see some countries like Germany taking the issue of cloud security seriously, there is a worrying attitude emerging elsewhere,” said Jason Hart, CTO, Data Protection at Gemalto. “This may be down to nearly half believing the cloud makes it more difficult to protect data, when the opposite is true.
“The benefit of the cloud is its convenience, scalability and cost control in offering options to businesses that they would not be able to access or afford on their own, particularly when it comes to security. However, while securing data is easier, there should never be an assumption that cloud adoption means information is automatically secure.
“Just look at the recent Accenture and Uber breaches as examples of data in the cloud that has been left exposed. No matter where data is, the appropriate controls like encryption and tokenization need to be placed at the source of the data. Once these are in place, any issues of compliance should be resolved.”
To read the full article click here.
Despite a rise in cyber crimes, at least six in 10 Indian consumers feel businesses don’t take the security of their data very seriously and 70 percent of them would stop doing business with a company if it experienced a data breach, a new study said on Thursday.
“Consumers are evidently happy to relinquish the responsibility of protecting their data to a business, but are expecting it to be kept secure without any effort on their part,” Jason Hart, CTO, Identity and Data Protection at Gemalto, said in a statement.
“In the face of brewing conversations around data protection and privacy law, it’s now up to businesses to ensure they are forcing security protocols on their customers to keep data secure,” Hart added.
To read the full article click here.
Despite a rise in cyber crimes, at least six in 10 Indian consumers feel businesses don’t take the security of their data very seriously and 70 per cent of them would stop doing business with a company if it experienced a data breach, a new study said on Thursday.
“Consumers are evidently happy to relinquish the responsibility of protecting their data to a business, but are expecting it to be kept secure without any effort on their part,” Jason Hart, CTO, Identity and Data Protection at Gemalto, said in a statement.
“In the face of brewing conversations around data protection and privacy law, it’s now up to businesses to ensure they are forcing security protocols on their customers to keep data secure,” Hart added.
To read the full article click here.