Indian IT services market grows by 5.97% in 2020: IDC
In 2020, the Indian IT & Business Services market was valued at USD 13.41 Billion and recorded a 5.41% year-over-year (YoY) growth as compared to 8.43% in 2019, according to IDC’s Worldwide Semi-annual Services Tracker. The reduced growth rate is due to the impact of the COVID-19 pandemic on businesses in the country. Of the IT & Business Services market, the IT Services market... By CIO&Leader
Dridex drives global surge in ransomware attacks: Study
For the first time, AgentTesla has ranked second in the Index, while the established Dridex trojan is still the most prevalent malware, having risen to the top spot in March after being seventh in February, according to Check Point Research’s latest Global Threat Index for April 2021. In April 2021, Dridex, a Trojan that targets the Windows platform, spread via QuickBooks Malspam Campaign. The... By CIO&Leader
Cybersecurity risk growing due to remote work: Study
Changing work styles and behaviors are creating new vulnerabilities for companies, individuals, and their data. According to findings from HP Wolf Security Blurred Lines & Blindspots Report, 70% of office workers surveyed admit to using their work devices for personal tasks, while 69% are using personal laptops or printers for work activities. Almost one-third (30%) of remote workers... By CIO&Leader
Global security and risk management spending to exceed USD 150 billion in 2021: Gartner
Worldwide spending on information security and risk management technology and services is forecast to grow 12.4% to reach USD 150.4 billion in 2021, according to the latest forecast from Gartner. Security and risk management spending grew 6.4% in 2020. Gartner analysts said the strong growth rate reflects continuing demand for remote worker technologies and cloud security. “... By CIO&Leader
90% of companies vulnerable to security breaches due to cloud misconfigurations: Study
A significant majority of companies that move to multi-cloud environments are not properly configuring their cloud-based services. According to new findings from Aqua’s “2021 Cloud Security Report: Cloud Configuration Risks Exposed”, these misconfigurations, for example leaving bucket or blog storage open, can open companies up to critical security breaches. Reflecting the overwhelming... By CIO&Leader
Global public cloud services market grew 24.1% year over year in 2020: IDC
The worldwide public cloud services market, including Infrastructure as a Service (IaaS), System Infrastructure Software as a Service (SISaaS), Platform as a Service (PaaS), and Software as a Service (SaaS), grew 24.1% year over year in 2020 with revenues totaling USD 312 billion, according to IDC’s Worldwide Semiannual Public Cloud Services Tracker. Spending continued to consolidate in... By CIO&Leader
Cloud-based threats cost financial services companies an estimated USD4.2 million: Study
The COVID-19 shutdowns have challenged the financial services industry’s core infrastructure. More than one year into the pandemic, banks, insurers, and other financial institutions report costly consequences to falling short of protecting their massive data troves from cloud-based attacks and network disruptions. This is according to Infoblox’s research. Based on more than 800 responses from IT... By CIO&Leader
85% of organizations using Microsoft 365 suffered email data breaches over the past 12 months: Study
85% of organizations using Microsoft 365 have suffered email data breaches in the last 12 months, according to Egress’ Outbound Email: Microsoft 365’s Security Blind Spot report. Remote working has exacerbated the risk of an email data breach – and the risk is intensified for Microsoft users, with 67% of IT leaders reporting an increase in data breaches due to remote work, versus just... By CIO&Leader
Two-thirds of global CISOs feel underprepared to cope with a cyberattack: Survey
66% of CISOs feel their organization is unprepared to handle a cyberattack and 58% consider human error to be their biggest cyber vulnerability, proving that the work-from-home model necessitated by the pandemic has tested CISOs like never before, according to Proofpoint’s survey. The Voice of the CISO report examines global third-party survey responses from more than 1,400 CISOs at mid to large... By CIO&Leader
Rajesh Garg appointed EVP & CDO at Yotta Infrastructure Solutions
Rajesh Garg has been appointed EVP & CDO at Yotta Infrastructure Solutions. Most recently, he had served as the CEO & Group CIO at Trident Group India. Earlier, he was associated with esteemed companies like Rolta India, Nucleus Software Exports and Infogain. Garg had served as a NEXT100 jury member for the program's first five years, that is, from 2010 to 2014. He completed his BTech (... By CIO&Leader
Cybercrime thrives during pandemic: Study
With an unprecedented number of people working remotely, phishing and ransomware attacks increased by 11% and 6% respectively, with instances of Misrepresentation increasing by 15 times compared to last year, according to Verizon Business’ 2021 Data Breach Investigations Report (2021 DBIR). Additionally, breach data showed that 61% of breaches involved credential data (95% of organizations... By CIO&Leader