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The Triple effect of 3R’s into Data Security
Despite investing significantly into resources and adopting best practices into security postures, companies are still losing their critical data. The ransomware threat is growing and many CIOs are concerned about their teams’ ability to manage the threat.
More than 85% of businesses have been the target of a ransomware assault in the last 12 months. This says a lot about the threat that exists for any organization's data. Still there is no way to guarantee you that there will never be attacked.
Today's Headline in NewsHours
0:00 Intro
3:21 IT minister to introduce data protection bill in Parliament today
3:48 India’s Ministry of Education to modernize its edtech platform with Oracle
4:25 X allows paid users to hide their blue ticks
4:51 #MicrosoftTeams conference calls to support spatial audio
5:20 #CRED launches RuPay credit card-based UPI payments
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The Triple effect of 3R’s into Data SecurityBy VARINDIA | 12 views
Moving fully to the cloud is definitely not a great idea
Moving to the cloud gives access to enterprise-class technology, for everyone. It also allows smaller businesses to act faster than big, established competitors at the same time there are also some major disadvantages. Cloud applications have many benefits, such as flexibility, scalability, business continuity, and more, but going “all in” with the cloud isn’t without some serious drawbacks? Poor identity, access and credential management is the biggest cybersecurity challenge for cloud computing, after the shift to remote working has redefined the workplace and changed priorities around the use of cloud applications and services, warns new research. When you use a cloud-based application, you’re entrusting the security of your data to a 3rd party. You’re still handing over sensitive data on your company, employees, and customers to another party who is hosting your data on a server that’s sight unseen. As opposed to just paying for software once and keeping it forever, cloud-applications run on a subscription model where you pay per user per month or per year. If your budget is tight, say for one month, you could end up losing your service, putting your office at a standstill. Data breaches are costly for any organization, and it’s doubly frustrating when your data has been breached by a trusted cloud-vendor. Because cloud companies host so much sensitive data from a variety of clients, hackers know that breaching their systems can mean a jackpot of data to steal. Going to the cloud resulted, around 78 per cent of Indian organisations surveyed were hit by ransomware in 2021 and some of the entities paid over Rs 76 crore as ransom to get their data back, as per the report of Sophos.
Moving fully to the cloud is definitely not a great idea, it is just like keeping all eggs in one basket. It is the most expansive and risky proposition but none of the cloud companies are telling about the hidden fact. Enterprises are arguably dealing with more data today thanBy VARINDIA | 41 views
India’s Internet Economy | $1 Trillion by 2030 | Digital Revolution | VARINDIA News Hour
India’s Internet Economy | $1 Trillion by 2030 | Digital Revolution | VARINDIA News Hour
India’s journey to a $1-trillion consumer internet economy has been a unique story of multiple internet sectors such as e-tailing, e-health, food tech, online mobility, and quick commerce, coming together to create a strong foundation for a consumption-led growth engine. The ongoing journey from digital-first to digital-forward was a result of multiple internet sectors having shown strong momentum post-COVID, as per RedSeer. Investors are recognising India’s golden opportunity without a second thought. In 2021, more than $40 billion of funding and 42 new unicorns were born. This is primarily because the country’s economy is becoming more skill-based and services-oriented, so more jobs are being created for skilled workers, which in turn is a major draw for investors. It has been fueled by a mix of burgeoning internet penetration rates, access to high-speed internet, and rising demand for online shopping and digital content consumption. India is home to an extremely distinct, heterogeneous population
base with varying social needs.
The report noted that applications prioritising vernacularity of language, verticalized super apps, and an omnichannel approach are increasingly allowing the third cohort to join the digital mainstream. India’s new digital revolution is further enabled by the growing tech adoption in the business to business space and an expanding and maturing internet consumer base. What is also noteworthy is that key internet economies, namely e-tail, eHealth, FoodTech, Online Mobility, and Billpay and Recharge, which had experienced a sharp downward spiral during COVID re-emerged much stronger. Additionally, the rise of tech adoption in the B2B space is bolstering India's new digital revolution. The report expressed immense optimism about India's growth, stating that the SaaS market size, which stood at about $3.5 billion in FY2By VARINDIA | 93 views
Indian bankers may lose large parts of traditional business to Google Pay, Phonepe
#Modi #PSUs #retrotax
Digital Payments a potential threat to Indian Banks
E-commerce has transformed the way business is done in India. The Indian E-commerce market is expected to grow to $111.40 billion by 2025 from $46.2 billion as of 2020. By 2030, it is expected to reach $350 billion. According to NASSCOM, despite COVID-19 challenges/disruptions, India's e-commerce market continues to grow at 5%, with expected sales of $56.6 billion in 2021. After China and the US, India had the third-largest online shopper base of 140 million in 2020. The financial services industry is in the midst of a significant transformation, accelerated by the COVID-19 pandemic. And given the key role digitisation plays in the financial lives of more and more of the world’s population, electronic payments are at the epicentre of this transformation. As per PWC survey, Payments are becoming increasingly cashless, and the industry’s role in fostering inclusion has become a significant priority. Payments also are supporting the development of digital economies and are driving innovation — all while functioning as a stable backbone for our economies. 86% agreed that traditional payments providers will collaborate with fintechs and technology providers as one of their main sources of innovation. Another solid reason for growth is India’s online shopping sector is currently worth $36.5 billion, a value that has consistently expanded at double-digit rates in recent years.
The digital payments sector in India has been growing at an exponential rate, with the penetration of technology in the deep interiors of the country. India's top banker Uday Kotak said lenders based in the country may end up losing large portions of their traditional business to digital wallet platforms such as Google Pay and Walmart-backed Phonepe. Google Pay and Phonepe, which are dominating the country's retail digital payments sector, are either owned or backed by deep-pocketed tecBy VARINDIA | 49 views
IT Spending in India to Reach $100 Billion in 2022
#CRED #Happay #Acer
IT spending in India is expected to grow
IT spending in India is forecasted to total $101.8 billion in 2022, an increase of 7% from 2021, according to the latest forecast by Gartner. The digital transformation trajectory that began as a pandemic response is here to stay for the next few years. India has experienced one of the fastest recoveries despite being one of the worst hit regions in the second wave of the pandemic in early 2021. In 2022, CIOs in India will build on renewed interest in technology from the business to gain funding for new IT projects. Indian CIOs are likely to increase their spending towards projects that drive innovation and modernizing legacy systems. Hiring a workforce that can deliver on these needs will also be a key priority. Next year, Indian CIOs are prioritizing a move away from rigid and monolithic ways of doing business to a more composable business and IT architecture where they will be able to better respond to disruptions.
In 2022, all segments of IT spending in India are expected to grow, with software emerging as the highest growing segment. Spending on software is forecast to total $10.5 billion in 2022, up 14.4% from 2021. While experiencing a slower growth rate than 2021, spending on software in 2022 is forecast to be nearly double of what it was pre-pandemic. As hybrid work adoption increases in the country, there will be an uptick in spending on devices in 2022, reaching $44 billion, an increase of 7.5% from 2021. “The growth in devices is a combination of two components – hybrid work and pent-up demand from 2020 for device upgrades. Spending on devices will make up 43% of total IT spending next year.” Spending on communication services is expected to rise 2.3% to $24.5 billion in 2022 from $24 billion in 2021, while that on data centre systems is forecast to grow 3.4% to $2.8 billion in 2022 from $2.7 billion in 2021, according to Gartner reports.
Today's HeadliBy VARINDIA | 28 views
India is set to become the next Global Electronics manufacturing hub
#Canadian #teen #IndiaElectronicsHub
India –Electronics Hub
It is a very important move in the journey of ‘Make in India’ for electronics. The journey started in 2020 with an aim of attracting large investments in the country that includes manufacturing of electronic components, semiconductors and mobile segments. India’s cabinet has approved a $6.37 billion (Rs 637 crore) plan to boost electronics manufacturing. The policy has set an ambitious target of increasing electronics manufacturing in the country to $400 billion by 2025. The new measures that come at a time when the world is battling the coronavirus epidemic and halting global supply chains is aimed at attracting large investments in the country that includes manufacturing of electronic components, semiconductors and mobile segments. The Scheme shall extend an incentive of 4% to 6% on incremental sales of goods manufactured in India and covered under target segments, to eligible companies, for a period of five subsequent years. The move is likely to give an aggressive push to ensure big companies such as Apple, Samsung, Huawei, Oppo and Vivo, besides contract manufacturers like Foxconn and Wistron bring their global supply chains to India and make the country an electronics hub.
With a population nearing 1.4 billion, India has emerged as one of the largest markets for electronics products in the world. While the highest growth is in demand for smartphones, lighting products, security products as well as industrial technologies, there is also significant expansion in markets for medical electronics, defense, and emerging technologies such as 5G, IoT, Industry 4.0, and smart cities. As per a report, the country’s electronics market is forecast to reach $400 billion by 2025. Secondly, there is a huge gap in supply of electronic components such as PCBs, capacitors, resistors, chip components and semiconductor devices. “The recent disruptions in the global supply chain and challenges pBy VARINDIA | 29 views
Gartner's top strategic predictions for 2022 and beyond
#Jio #Gartner #Dunzo
Gartner’s top predictions explore three aspects of the lessons that business and IT leaders have learned during ongoing disruption and uncertainty – the push toward human centricity, the race to resilience and the ability to reach beyond expectations. The lesson of the pandemic has been to expect the unexpected and be prepared to move in multiple strategic directions at once. “Leaders that embrace options for workers, enhanced enterprise efficiency and accelerated transformation plans have greater resilience in dealing with change. Resilience, opportunity and risk have always been components of good business strategy, but today these issues hold new meaning. This year’s predictions embody how resilience must be built in more non-traditional ways, from talent to business modularity, while opportunity and risk must be viewed with a greater sense of urgency than ever before.”
By 2024, 40% of consumers will trick behavior tracking metrics to intentionally devalue the personal data collected about them, making it difficult to monetize and by 2024, 30% of corporate teams will be without a boss due to the self-directed and hybrid nature of work. By 2025, synthetic data will reduce personal customer data collection, avoiding 70% of privacy violation sanctions. By 2024, a cyberattack will so damage critical infrastructure that a member of the G20 will reciprocate with a declared physical attack. By 2024, 80% of CIOs surveyed will list modular business redesign, through composability, as the top 5 reasons for accelerated business performance. By 2025, 75% of companies will “break up” with poor-fit customers as the cost of retaining them eclipses good-fit customer acquisition costs. Through 2026, a 30% increase in developer talent across Africa will help transform it into a world-leading startup ecosystem, rivaling Asia in venture fund growth. By 2026, non-fungible token (NFT) gamification will propel an enterprise into the top 10 highesBy VARINDIA | 48 views
Digital transformation is creating new security risks
#CRED #Digitaltransformation #HSBC
Digital transformation creating new security risks
Business strategies around technology are constantly evolving. At the same time fast track digital transformation which includes the integration of information technology systems with operational technology systems could bring potential risk to the enterprises. IT systems are used for data-centric computing. OT systems monitor events, processes and devices, and make adjustments in enterprise and industrial operations. As IT and business fast-tracked initiatives like agile and DevOps to improve speed to market, security considerations were often left in the dust. There is the traditional physical world composed of machines, electromechanical devices, manufacturing systems and other industrial equipment. Then there is the more recent digital world using servers, storage, networking and other devices used to run applications and process data. These two worlds have largely occupied separate domains, shared little (if any) meaningful data or control, and relied on oversight from business staff with distinctly different skill sets. A survey reveals that 60% of digital businesses would suffer major service failures due to the inability of security teams to manage digital risk.
Today, the worlds of IT and OT are converging. Advances in technologies such as the internet of things (IoT) and big data analytics are systematically allowing the digital information world to see, understand and influence the physical operational world. When implemented properly, IT/OT convergence can merge business processes, insights and controls into a single uniform environment. The sudden shift may have helped organisations keep operating, at the same time we can’t ignore the cyber security risk in long-term projects. From a security point of view, that means they can expand the potential attack surface of the organisation -- unless that risk is understood and tackled. ThBy VARINDIA | 20 views
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NTPC Empowering through Self Employment Opportunities (Updated Version, 11.10.2019)
NTPC is the largest power generating company of India that also works towards enhancing and bringing qualitative changes in the communities around its projects. One of the key focus areas by which NTPC is bringing change in nearby communities is empowering women by providing them training in various areas for self employment .
This is story of Sridevi from Telangana- her transformation from a diligent housewife to a successful entrepreneur.
A success story of empowerment with help of NTPC’s CSR initiative.
Watch NTPC Empowering through Self Employment Opportunities (Updated Version, 11.10.2019) With HD QualityBy NTPC Limited | 7185385 views
Press Conference by Union Minister of Jal Shakti Shri Gajendra Singh Shekhawat at BJP HQ.
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Press Conference by Union Minister of Jal Shakti Shri Gajendra Singh Shekhawat at BJP HQ.By Bharatiya Janata Party Delhi | 74392 views
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Parliament Session 2024: आम सहमति से तय होगा स्पीकर, उम्मीदवार नहीं उतारेगा विपक्ष | Delhi News
Parliament Session 2024: आम सहमति से तय होगा स्पीकर, उम्मीदवार नहीं उतारेगा विपक्ष | Delhi News
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Rahul Gandhi का EVM पर एक और बयान | EVM Controversy in India | Rahul Gandhi on EVM | ECI | CEC Rajiv
राहुल गांधी का EVM पर एक और बयान
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Rahul Gandhi का EVM पर एक और बयान | EVM Controversy in India | Rahul Gandhi on EVM | ECI | CEC RajivBy PunjabKesari TV | 344 views
Education ???? पर Arvind Kejriwal की जबरदस्त Speech ???? | Latest Motivational Speech | Aam Aadmi Party
Education ???? पर Arvind Kejriwal की जबरदस्त Speech ???? | Latest Motivational Speech | Aam Aadmi Party
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Education ???? पर Arvind Kejriwal की जबरदस्त Speech ???? | Latest Motivational Speech | Aam Aadmi PartyBy AAP | 209725 views
ECI Press Briefing
Press briefing of Election Commission of India on completion of 2nd Phase of #LokSabhaElection2019 and State Legislative Assemblies elections.
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Watch ECI Press Briefing With HD QualityBy Election Commission of India | 432233 views