Majority of IT managers unable to cope with cyberattacks: Study
IT managers feel overwhelmed by the volume of cyberattack attempts, with most of them admitting that successful hacks of their company networks are becoming the norm, according to a Sophos research report, The Impossible Puzzle of Cybersecurity. In a survey of 3,100 IT managers across 12 countries (at organizations with 100 to 5,000 employees), two out of three of them said their... By CIO&Leader
Single sign-ons to accelerate growth of digital identity: Study
It is important to know ‘your identity’. Every organization wants to know, from the e-retailer to the tax office to the bank. However, there are 2 main issues with this: It is very easy for fraudsters to exploit the system when all that is required is an email address or password. When the burden of proof is higher, this can be highly problematic for users. These users might have... By CIO&Leader
Global IT spending to rise in 2019: Gartner
Worldwide IT spending will total USD 3.74 trillion in 2019, an increase of 0.6% from 2018, according to Gartner. This is slightly down from the previous quarter’s forecast of 1.1% growth. “Despite uncertainty fueled by recession rumors, Brexit, trade wars and tariffs, we expect IT spending to remain flat in 2019,” said John-David Lovelock, research vice president at Gartner. “While there is... By CIO&Leader
Rise in unauthorized access incidents a key concern for customers: C-Suite survey
Companies are more connected to their customers now than ever before. After spending billions to digitally transform themselves, organizations have exponentially increased the number of touchpoints as well as the frequency of communication they have with their customer base. Thanks to digital transformation, organizations are more agile, flexible, efficient, and customer centric.... By Nikhil Taneja
IT-based attacks increasingly impacting OT systems: Study
As organizations strive to make their operations more agile in response to dynamic marketplace, they try to connect their Operational Technology (OT) systems to the Information Technology (IT) Infrastructure. Now, although there are significant benefits, such as access to real-time market data, major cost savings and effective and efficient monitoring of processes, this connection exposes OT... By CIO&Leader
Cyber security lapses can jeopardize M&A deals
Cybersecurity issues are increasingly becoming a concern in merger and acquisition (M&A) deals, shows a new research report. The study conducted by Forescout suggests that IT and business decision makers should pay greater attention to this aspect, when they consider an M&A deal. The research of more than 2,700 IT and business decision makers surveyed by Forescout... By CIO&Leader
How CIO and digital leaders can reduce consumer trust gap
Trust is critical for organizations to succeed in this digital world as consumers overwhelmingly prefer to transact with a trusted digital platform. However, a new study jointly conducted by Microsoft and IDC reveals that only 41% consumers in India trust organizations that offer digital services to protect their personal data. Experts believe that CIO/CTO and other digital leaders can... By Sohini Bagchi
NEXT100 Winner 2012 Manoranjan Kumar joins Trident Group as CIO
Manoranjan Kumar has joined Trident Group as CIO. He was NEXT100 Winner in 2012. Kumar was earlier associated with Shree Cement and Kanoria Chemicals & Industries Limited in the same capacity. He had also undertaken various leadership and managerial positions at companies like Lanco Infratech, Samtel Color, Rockwell Automation and Dalmia Industries. Kumar completed his MBA in MIS and... By CIO&Leader
Fortinet boosts its cloud security portfolio with addition of FortiWeb Cloud WAF-as-a-Service on Amazon Web Services (AWS)
Fortinet, a global leader in broad, integrated and automated cyber security solutions, today announced the addition of FortiWeb Cloud WAF-as-a-Service to its robust cloud security portfolio offerings. FortiWeb Cloud WAF-as-a-Service on Amazon Web Services (AWS) allows organizations to rapidly deploy web applications while providing best-in-class security for mission-critical applications –... By CIO&Leader
Learning lessons from cyber security incidents
Recently three local private banks suffered major cyberattacks last month in Bangladesh. Of the three, Dutch Bangla Bank Limited (DBBL) is the biggest victim, losing approx. USD 3 million (around Tk 25 crore) to global cybercriminals, according to “The Daily Star” newspaper. Two other banks -- NCC Bank and Prime Bank -- also faced cyberattacks, but they have claimed that they were able to avert... By Prakash Kumar Ranjan
“Future CIOs should prepare for a journey full of paradoxes”
Is the CIO’s role very different in a technology company? Before taking over as the CIO, I have spent close to 15 years at Infosys in business roles and joined CSS Corp in late 2016 as Vice President and Global Head for Cloud, Infrastructure and Security Services Transformation. I had the opportunity to serve many leadership roles in technology systems, platforms and transformation wherein I had... By Sohini Bagchi