Search videos: #riskmanagement
Harnessing the power of Big Data
In today's digital era, businesses are inundated with vast amounts of data generated from various sources, commonly known as Big Data. Harnessing the power of this data can unlock invaluable insights and drive business success. It empowers organizations to make data-driven decisions.
Big data is the collection of large and complex data sets that are difficult to process using traditional data processing methods. It is characterized by its volume, velocity, and variety. The potential of big data is vast. It can be used to improve decision-making, optimize operations, and innovate new products and services.
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2:58 #Sebi probably to start using hourly settlement for trading
3:27 #GooglePhotos to soon enable ultra HDR, improving picture quality
4:00 #WhatsApp upgrades its multi-account feature for beta testers
4:33 Meta and LG joins hand to compete with Apple's Vision Pro MR headset
5:08 China to introduce new $40 billion governmental fund to boost chip industry
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Harnessing the power of Big DataBy VARINDIA | 4 views
Can tech and collaboration combat money laundering ?
Using payments data, privacy-enhancing technologies, AI and enhanced cooperation for a behavioural-based analysis approach to detecting money laundering networks is more effective than the current rules-based approach, concludes new research from the BIS Innovation Hub.
According to the Financial Action Task Force, almost all large money laundering schemes are cross-border and involve different business sectors. Meanwhile, financial institutions often face limitations in detecting potential suspicious networks and transactions due to their reliance on fragmented data and systems.
Today's Headline in NewsHours
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3:00 #Amazon fined $25 mn for violating children's privacy law
3:32 #Google leads $36 mn funding in California, B'luru-based startup Pixxel
4:11 #Twitter bans over 25 lakh accounts in India
4:48 A link on WhatsApp causing the app to immediately crash on Android
5:20 Alibaba incorporates AI into messaging apps
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Can tech and collaboration combat money laundering ?By VARINDIA | 81 views
Hash code Fraud
Hash code fraud is a new type of cybercrime that is becoming increasingly common. The hash code fraud’ through which hackers hack their target’s phone and steal personal data to commit financial fraud.
In hash code fraud, cybercriminals send victims a text message or email that appears to be from a legitimate source, such as a bank or credit card company. The message will often state that the victim's account has been suspended or that there is suspicious activity on their account.
The message will then direct the victim to a website that looks like the website of the legitimate company. On this website, the victim will be asked to enter their personal information, including their name, address, phone number, and credit card number. Once the victim has entered their information, the cybercriminals will use it to commit financial fraud.
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3:05 #Microsoft to release Bing AI on Chrome and Firefox browsers
3:42 Pixel Watch 2 to use Qualcomm chips rather than Samsung's processors
4:20 India's manufacturing PMI touches highest in May
4:55 Centre invites new applications for semiconductor fabs manufacturing unit
5:25 For Foxconn, AI will drive its server business in 2023
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#varindia #news #technews #newshour #HashcodeFraud #FraudDetection #cybersecurity #TechnologyFraud #ethicalhacking #blockchainsecurity #CyberCrime #FightingFraud #SecuringTechnology #CodeVerificatioBy VARINDIA | 39 views
Security – a shared responsibility
Security should no longer be the sole responsibility of Chief Information Officers (CIOs) and Chief Information Security Officers (CISOs). Cyber threats and attacks have become more sophisticated and frequent and security has become a critical concern for every organization.
In today's rapidly evolving threat landscape, cyber threats are more sophisticated and widespread than ever before. As a result, it is essential that everyone in an organization be involved in security. This includes employees at all levels, from the CEO to the front-line staff.
Today's Headline in NewsHours
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3:10 #Meity launches pilot project on electronics repair services outsourcing
3:35 Manoj Chugh joins the Board of Advisors of CloudVerse
4:05 Govt makes it mandatory for OTT platforms to display tobacco warnings
4:35 #Amazon to stop supporting celeb voices on Alexa
5:00 #TCS rejigs its leadership, Gopinathan steps down and Krithivasan takes over as TCS CEO from today
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Security – a shared responsibilityBy VARINDIA | 20 views
Can CISO be considered as CXO ?
The Chief Information Security Officer (CISO) is responsible for overseeing the security of an organization's information technology systems and data, and they play a critical role in managing the organization's overall risk posture.
Tech experts wonder, Given the critical nature of their role in protecting an organization's digital assets, why CISO are not at the same level as other C-suite executives within the organization ?
As cyber threats continue to evolve and become more sophisticated, cybersecurity has become a top priority for organizations across all industries. Cyber-attacks can result in significant financial losses, reputational damage, and legal liabilities. Given the critical nature of their role, the CISO should have a seat at the executive table to provide insights into the organization's overall cybersecurity posture and influence strategic decisions related to cybersecurity.
Today's Headline in NewsHours
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2:540 #Brightcove enters into a partnership with Frequency
3:13 #Apple launches savings account
3:45 #Microsoft releases new Windows 11 Insider Preview Build
4:20 WTO panel rules against India in IT tariffs dispute
5:00 Former Tata Group executive joins Fabindia as its new CEO
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#CISO #CXO #InformationSecurity #Cybersecurity #ITLeadership #BusinessLeadership #DigitalTransformation #CustomerExperience #UserExperience #Management #ExecutiveLeadership #TechnologyLeadership #LeadershipDevelopment #OrganizationalStratBy VARINDIA | 24 views
Tech companies in race for reinventing AI
Several tech companies are in a race to reinvent #artificialintelligence. AI has become an increasingly important technology in recent years, and there is a growing demand for more advanced and sophisticated AI applications across various industries.
Some of the largest tech companies in the world, such as #Google, #Microsoft, Amazon, and IBM, are heavily investing in AI research and development. These companies are developing new AI algorithms, improving existing ones, and exploring new applications of AI.
There is also a growing trend towards developing more specialized AI systems that are designed for specific industries or use cases. For example, healthcare companies are developing AI systems for disease diagnosis and drug discovery, while financial institutions are using AI for fraud detection and risk management.
Generative AI is slated to become the “next big thing,” transforming how people work in both corporate and personal settings. Realising its potential, companies are racing to integrate the technology into their products.
Today's Headline in NewsHours
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2:34 C-DoT says Rs 700 crore corpus available to fund startups
3:07 #Oppo Mobiles India's finance manager face charges for Income Tax fraud
3:40 #ChatGPT gets plugin support
4:10 Centre takes on Ola, Uber with zero-commission ride hailing services on ONDC
4:45 #WhatsApp users can now use their account on 4 devices at the same time
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Tech companies in race for reinventing AIBy VARINDIA | 27 views
Security and Risk Management Spending
The increase in adoption of digitalization, cloud applications and the rise in remote workers exposes Indian organizations to greater security risks. In addition, growing concerns on the rising number of ransomware attacks coupled with stringent government measures on digital data protection and security breach reporting are pressing chief information security officers (CISOs) to increase their security and risk management spending for 2023.
End-user spending on security and risk management in India is forecast to total $2.65 billion in 2023, an increase of 8.3% from 2022, as per Gartner. Security Services to remain a Key Spending Priority for Indian CISOs in 2023.
Like 2022, security services will remain the segment that will achieve the highest levels of end-user spending in India in 2023. Security services spending is expected to represent 40% of overall end-user spending on security and risk management products and services in 2023.
Secondly, many organizations in India lack in-house security capabilities, and as result, they engage security consulting and IT outsourcing companies to meet their requirements.
In 2023, spending on infrastructure protection will surpass spending on network security equipment because of an increase in the remote workforce and in cloud applications adoption. Both are shifting focus from network security to endpoint security, which is a sub-segment of the infrastructure protection segment, forecast to grow 13.5% in 2023.
In addition, cloud security end-user spending in India is forecast to experience the highest growth rate among all the other segments in 2023. The segment is projected to grow 25.8% in 2023 as Indian organizations increasingly switch to cloud workloads and applications.
Going forward, as organizations in India continue to do business online and are exposed to more attacks on their internet-connected applications, CISOs must focus their spending on aBy VARINDIA | 12 views
Adoption of new ear technology and risks are like the two sides of a coin | VARINDIA News Hour
Adoption of new ear technology and risks are like the two sides of a coin | VARINDIA News Hour
With the Digital revolution around all businesses, small or large, corporates, organizations and even governments are relying on computerized systems to manage their day-to-day activities and thus making cybersecurity a primary goal to safeguard data from various online attacks or any unauthorized access. Continuous change in technologies also implies a parallel shift in cybersecurity trends as news of data breach, ransomware and hacks become the norms. Cybersecurity fundamentals have become even more important due to constant attacks via ransomware, malware and a host of other threat vectors. Bad actors are taking advantage of the remote workforce’s blind spots, and as attacks become more sophisticated, stakes are high for businesses and users. In the future of work, businesses will need to manage, automate and prioritize their cybersecurity efforts to effectively navigate the risks. The threat landscape is ever-changing, and companies need to see their cybersecurity strategy as a journey rather than a destination. Now the industry is much scouted about Artificial intelligence being introduced in all market segments and this technology with a combination of machine learning has brought tremendous changes in cybersecurity. AI has been paramount in building automated security systems, natural language processing, face detection, and automatic threat detection. Although, it is also being used to develop smart malware and attacks to bypass the latest security protocols in controlling data. AI enabled threat detection systems can predict new attacks and notify admins for any data breach instantly.
With more and more organizations now established on clouds, security measures need to be continuously monitored and updated to safeguard the data from leaks. Although cloud applications such as Google or Microsoft are well equipped with security from their end, stilBy VARINDIA | 34 views
India End-User Spending on Security and Risk Management | 9.4% Growth in 2022 | VARINDIA News Hour
India End-User Spending on Security and Risk Management | 9.4% Growth in 2022 | VARINDIA News Hour
Work-From-Anywhere Culture, Hybrid and Virtual-First Workplaces is going to Drive Spending on Cloud Security and Integrated Risk Management, with this the End-user spending on security and risk management in India is forecast to total $2.6 billion in 2022, an increase of 9.4% from 2021, as per Gartner. Hybrid or remote working is the new normal in 2022. Some organizations have even shifted to a virtual-first approach following the learnings from 2020. This model of working puts the spotlight on cloud, endpoint and identity security as employees become the ‘branch of one’ for an organization. Gartner research shows that there is a significant shortage of skilled cybersecurity professionals. Therefore, end-user organizations in India often engage with security service providers to meet their cybersecurity objectives. As a result, spending on security services is forecast to total $1 billion in 2022, the highest among all segments. This will be followed by spending on network security equipment and infrastructure protection.
COVID-19 was a pivotal moment in the way organizations approached risk or prepared for disruptions. Now, security leaders are putting risk management at the center of their security and business strategies. Cybersecurity will continue to be top priority for Indian CIOs in 2022 and out of the total CIOs in India surveyed, 64% said they will increase their spending on technologies related to cyber and information security in 2022, higher than the global average of 57%. Indian leaders responsible for security and risk management need to adopt an assumed breach mindset because security incidents are inevitable in the current era,” said Gartner. They should prioritize spending on building detection and response capabilities, and not just technologies. This will help them reduce time to detect and time to recover from incidents. In 2022, IBy VARINDIA | 26 views
The growing importance of Risk management practices is leading to appointing of CRO
#ResearchWing #Riskmanagement #ransomware
Risk management practices leading to appointing CRO
Given the increased complexities in the way financial services firms conduct business in the global marketplace, along with more opportunities for surprises, it is imperative that organizations have effective board risk oversight. The Chief Risk Officer (CRO) is responsible for executing the risk program and providing another line of defense in protecting enterprise value. No other individual, function or group in a financial institution is charged with viewing performance exclusively from a risk perspective. The impact of the Covid-19 pandemic has seen chief risk officers take their rightful place in the boardroom. The CRO has become an indispensable part of the C-suite as a result of far greater overlap between risk and the commercial interests of the wider business. It is now a open secret that, as the ransomware attacks surged by 150% in 2020 with the average extortion amount doubling, leaders are more concerned than ever that employees are educated and know how to avoid these kinds of issues.
Using data analytics to inform risk modelling allow executives to see into the future and plan for any likely eventualities. Anticipating problems in advance of seeing them realise allows organisations to plan ahead and manage and reduce the costs of issues when they do arise. From anticipating increasing demand for hybrid working culture, to understanding the challenges presented by rolling out devices to remote workers, data feedback from across the business informs companies on these eventualities before they happen. Risk has now moved beyond insurance and the broader Financial Services market and most organisations – particularly the larger ones – will have a risk department headed up by a CRO. Yet the principals remain the same. A report reveals that, while security leaders have a high level of confidence in staff knowledge, a recent repoBy VARINDIA | 22 views
Introduction to Risk Management | CA Final Paper 6A by CA Sanjay Khemka
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