Gap between Microsoft and leader Amazon narrows in cloud infra services
Q1 enterprise spending on cloud infrastructure services was in excess of USD 39 billion, having increased by well over USD 2 billion from the previous quarter and up 37% from the first quarter of 2020, according to Synergy Research Group. Notably, for the third successive quarter, the year-on-year growth rate increased, which is unusual for such a large, high-growth market. Microsoft has been... By CIO&Leader
E-commerce losses to online payment fraud to exceed USD 20 billion annually in 2021: Study
The value of losses due to e-commerce fraud will rise this year, from USD 17.5 billion in 2020 to over USD 20 billion by 2021; a growth of 18% over a single year, according to Juniper Research. The research found that fraudsters have targeted consumers as they have increased their e-commerce use; exposing insecure fraud mitigation processes from merchants who are unfamiliar and unprepared for the... By CIO&Leader
India public cloud end-user spending to total USD 4.4 billion in 2021: Gartner
End-user spending on public cloud services in India will total USD 4.4 billion in 2021, according to Gartner. As compared to 2020, end user spending on public cloud will grow 31.4% in 2021. “Indian CIOs saw the benefits of cloud during the first wave of the pandemic in 2020,” said Sid Nag, research vice president at Gartner. “To build business resilience and minimize the impact of continued... By CIO&Leader
Jijy Oommen joins as CTO of Aavas Financiers
Jijy Oommen has joined as CTO of Aavas Financiers. She moves from Kinara Capital where she served in the same capacity. Earlier, she held various leadership and managerial positions at esteemed companies like Wonderla Holidays, Manappuram Finance, and Bajaj Capital among others. Oommen had served as a NEXT100 jury member in 2012 and 2013. She completed her MTech in IT from BITS-Pilani, Executive... By CIO&Leader
Cybersecurity control failures topped executive concerns in Q1, 2021: Gartner
Cybersecurity control failures was listed as the top emerging risk in 1Q21 in a global poll of 165 senior executives across function and geography, according to the latest Gartner’s Emerging Risks Monitor Report. Despite a myriad of risks resulting from the pandemic, such as the new work environment and environmental, social and governance (ESG) concerns, cybersecurity risk was singled out... By CIO&Leader
61% of organizations suffered ransomware attacks in 2020: Study
Enterprises faced unprecedented cybersecurity risk in 2020 from increasing attack volume, the pandemic-driven digital transformation of work, and generally deficient cyber preparedness and training, according to Mimecast’s fifth annual “The State of Email Security” report. The report is based on a global survey of 1,225 information technology and cybersecurity leaders, and supported by Mimecast’s... By CIO&Leader
Microsoft continues to be most imitated brand for phishing attempts in Q1, 2021: Study
In Q1, Microsoft was again the brand most frequently targeted by cybercriminals, as it was in Q4, 2020, according to Check Point Research’s Brand Phishing Report for Q1 2021. The report highlights the brands which were most frequently imitated by criminals in their attempts to steal individuals’ personal information or payment credentials during January, February and March. 39% of all brand... By CIO&Leader
NEXT100 winner Sunil Pandey appointed CIO at HFCL
Sunil Pandey has been appointed CIO at HFCL. He joins from JWIL Infra where he served in the same capacity. Before joining JWIL Infra, he was the CIO of Sterlite Power. Earlier, he was associated with esteemed organizations such as Adani Group, Moser Baer India, etc. Pandey has been a NEXT100 winner in 2017. He completed his MCA from Indira Gandhi National Open University, BSc in Computer... By CIO&Leader
Phishing, monetary gain and supply chain attacks characterize cybercrime: Study
Increased phishing attacks, monetary gain and supply chain attacks have emerged as the key trends that characterised cybercrime for most of 2020, according to a new report from Keysight Technologies. The company announced the findings of its fourth Keysight Security Report, which features network security trends over the past year from Keysight’s Application and Threat Intelligence (ATI)... By CIO&Leader
Public cloud platforms to drive innovation in telecoms in 2021 and beyond: Study
The public cloud serves as the foundation for many businesses in the enterprise domain. Increasingly, telecom entities seek to partner with public cloud providers to use their compute capacity and leverage their strong network capabilities at the back end. Inexpensive compute access is the chief reason a growing number of network equipment vendors (NEVs) and communications service providers (CSPs... By CIO&Leader
APeJ spending on security solutions to reach USD 23.1 billion in 2021: IDC
Spending on security hardware, services, and software in APeJ is expected to reach USD 23.1 billion in 2021 – an increase of 12.6% over the previous year, according to IDC’s Worldwide Security Spending Guide. IDC expects investment on security related products and services to grow at a five-year CAGR of 13.3% over the forecast period (2019-24) and reach USD 35 billion by 2024. This growth is... By CIO&Leader