Top global cybersecurity threats of 2020
Ransomware, malicious spam, mobile malware and other threats to consumers evolved during the COVID-19 pandemic in 2020, according to Bitdefender’s 2020 Consumer Threat Landscape Report, which revealed top cybersecurity threats, frequency of threats and cybercrime trends of 2020. “Our 2020 findings depict consumers under constant assault from cybercriminals looking to capitalize on fear and... By CIO&Leader
NEXT100 winner Khizar Mohammed Momin appointed CTO at Indian School Finance Company
Khizar Mohammed Momin has been appointed as CTO at Indian School Finance Company. Previously, he was VP & Head - IT at Toyota Financial Services India. Earlier, he was associated with several leading companies, such as Cox & Kings Financial Services, Bajaj Finserv, Bajaj Auto, American Express, etc. Momin has been a NEXT100 winner in 2015. He completed his MBA from Symbiosis Institute of... By CIO&Leader
Financial organizations struggling to secure data in the cloud: Survey
In 2020, the most common incidents that financial organizations suffered regarding data in the cloud were phishing attacks (reported by 26%), targeted attacks on cloud infrastructure (22%) and ransomware (15%), according to Netwrix’s 2021 Cloud Data Security Report. Among organizations that experienced a data breach, 20% had to cover unplanned expenses to fix security gaps, 19% faced compliance... By CIO&Leader
Cybercriminals using Telegram bots and Google Forms to automate phishing: Study
Cybercriminals increasingly often use legitimate services such as Google Forms and Telegram to obtain user data stolen during phishing attacks, according to Group-IB. Alternative ways to obtain data help cybercriminals keep it safe and start using the information immediately. In addition, ready-to-go platforms that automate phishing and which are available on the... By CIO&Leader
IT spending in India to reach USD 93 billion in 2021: Gartner
IT spending in India is projected to total USD 93 billion in 2021, an increase of 7.3% from 2020, according to Gartner. The growth in India will be lower than the global average, as worldwide IT spending is projected to total USD 4.1 trillion in 2021, an increase of 8.4% from 2020. The source of funds for new digital business initiatives will more frequently come from business... By CIO&Leader
NEXT100 winner Manoj Kumar appointed Group CIO at Ray International Group
Manoj Kumar has been appointed as Group CIO at Oman-based Ray International Group. He moves from APL Apollo Group where he was CIO. Earlier, he had served in serveral leadership and managerial capacities in esteemed companies like Jackson Group, ACME Group, Lakshmi Precision, Jamna Auto Industries, Asahi India Glass and Grasim Industries. Manoj has been a NEXT100 winner in 2011. After completing... By CIO&Leader
Remote work sending IT security budgets out of control: Study
IT security budgets are spiralling out of control as organizations adapt to the Everywhere Workplace, according to Ivanti’s study. Almost all CISOs (92%) highlighted the need to deploy additional security measures to better enable and secure employees as they work from anywhere as the primary budget growth driver. Four in five (80%) CISOs also pinpointed the need to replace passwords with more... By CIO&Leader
Fraudsters up their impersonation game for social cyber attacks
Cyber-attackers and fraudsters are upping their game by leveraging modern-day digital tools to target enterprises and employees to carry out fierce cyber-attacks. As reported by Google's Threat Analysis Group (TAG), they are increasingly exploiting the social media networks to breach gaps in organizational networks and even the cybersecurity researcher community. Google has recently reported... By Jatinder Singh
Increase in connected devices raising the stakes for industrial security: Survey
99% of security professionals report challenges with the security of their IoT and IIoT devices, and 95% are concerned about risks associated with these connected devices, according to a Tripwire-Dimensional Research survey. The survey evaluated the opinions of 312 security professionals that manage the security of internet of things (IoT) and industrial internet of things (IIoT) devices across... By CIO&Leader
Women in Enterprise IT: Are we barking up the wrong tree?
I do not need to quote any stats to convince you that there are so few women in enterprise IT in India, even though many of the Fortune 500 CIOs are women. In fact, we ran a story four years back that every one out of six Fortune 500 CIOs was a woman! When we try to discuss this issue – lack of enough women in enterprise IT – what we get to listen are the gender bias in organizations,... By Shyamanuja Das
Women in Enterprise IT: The Real Challenge
On International Women’s Day on March 8 this year, there were quite a few discussions, events and celebrations planned around women IT leaders. We, at CIO&Leader, hosted one. While this trend in recent years of highlighting women’s role and celebrating them in corporate India is a welcome change, it does not take away from the stark reality. That is, it would be difficult to count even two... By Shyamanuja Das