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  • Disruptive technologies opened vast opportunities for cybersecurity warriors  | VARINDIA News Hour

    Disruptive technologies opened vast opportunities for cybersecurity warriors | VARINDIA News Hour

    Disruptive technologies opened vast opportunities for cybersecurity warriors | VARINDIA News Hour

    We’re living in an information age where data is the new currency. As the world explores new digital frontiers, the importance of data security is growing exponentially. Once a company crosses the $1 Billion mark, it becomes part of a rare and exclusive club: The Unicorn Club. “Anytime, anywhere” has become the mantra of today’s enterprise workforce. The exponential growth of the Internet interconnections has led to a significant growth of cyberattack incidents often with disastrous and grievous consequences. Employees in remote and home offices and on the road stay productive using applications in the cloud, collaboration tools, and personal devices tied into their corporate network. But as IT stretches to reach a far-flung workforce, it is exposed to more risks. Many organizations have implemented enhanced security across their networks to help protect data. But even with stepped-up measures, there are some simple ways you and your staff can help safeguard your IT environment. The development of more innovative and effective malware defense mechanisms has been regarded as an urgent requirement in the cybersecurity community. The main challenge is how to keep the software and systems updated with the latest patches and limit their vulnerability to cyberattacks. Use the security features that come with your apps supplements other security measures you have in place. Strong passwords are one of the first lines of defense against breaches and changing them occasionally may help keep hackers out.

    Digital transformation is helping to make the world a better place, but cyberattacks are an unfortunate part of this reality. These days, the success of any modern business, large or small, depends on the effectiveness of the data security systems it has in place. A survey outlines, there are 46 companies in the Cyber Security industry that have achieved a valua

    By VARINDIA| 25 views

  • Fintech Market brings huge opportunity For Startups | Financial Technology | VARINDIA Explained

    Fintech Market brings huge opportunity For Startups | Financial Technology | VARINDIA Explained

    Fintech Market brings huge opportunity For Startups | Financial Technology | VARINDIA Explained

    Fintech is a term used to describe the companies operating in the financial technology sector. Rising popularity for digital payments, increased investments in technology-based solutions, supportive government regulations, increased adoption of IOT devices are expected to positively influence the Global FinTech Market in the coming years. Rising innovations like mobile wallets, mobile banking, secure payment gateways, digitized money, paperless lending, etc., and adoption of e-commerce platforms across the economies, coupled with rising smartphone penetration have paved the way for increasing FinTech transactions. India has undoubtedly emerged as one of the fastest-growing FinTech hotspots in recent years. However, concerns related to data security, lack of mobile and technology expertise may hamper the FinTech market during the forecast period. Analysts say that we are still at the earliest stages of true FinTech as the future impact of cloud computing, IoT, artificial intelligence, and blockchain cannot even be estimated yet. Each year, tech companies are digging deeper into the financial services value chain and also creating new market structures in underbanked developing countries. Pure FinTech players are now sharing the market with some banks which provide new, digital-friendly banking services and integrate digital payments, microfinancing, and robo-advisor services into existing bank accounts.

    Digital banking will play a crucial role in the growth of the global fintech market in the coming years. With the global adoption rate of nearly 25%, this market brings various opportunities for fintech companies. Apart from the credit financing, there are several ways the SMEs can be benefited, like using APIs and distributed accounting technologies to achieve process efficiency. According to a report from Boston Consulting Group and FICCI, India is well-

    By VARINDIA| 19 views

  • Digitalization helping Organizations to expand their business boundaries

    Digitalization helping Organizations to expand their business boundaries

    Lopa Mudraa Basuu, VP ISM Cyber Security, Ex-J P Morgan Chase & Co at SIITF 2022

    Digitalization helping Organizations to expand their business boundaries

    By VARINDIA| 4 views

  • Future of Business Email for SMEs | CYBERCRIMINALS Attacking CYBERINSURANCE | VARINDIA News Hour

    Future of Business Email for SMEs | CYBERCRIMINALS Attacking CYBERINSURANCE | VARINDIA News Hour

    Future of Business Email for SMEs | CYBERCRIMINALS Attacking CYBERINSURANCE | VARINDIA News Hour

    We live in a world that’s becoming more digitally dependent. Right from our social interactions to professional interchanges and financial transactions, most take place digitally. While digital resources are enabling, they also leave us vulnerable to cyber criminals as a lot of information regarding our personal and professional lives rests in the digital domain. Cyber insurance or cyber security insurance provides coverage from activities such as identity theft, unauthorized transactions, and more with rapidly increasing digitalisation, cyber risks and loss scenarios keep changing quickly. For all risk owners this makes it even more important to learn from past incidents and identify upcoming cybersecurity trends, threats and vulnerabilities. Cyber insurers have already proven that they can be part of the solution when it comes to building up resiliency and preparedness across all industries. The total global economic damage of cybercrime is a controversial issue. Cybersecurity Ventures estimates global economic cybercrime costs to grow by 15% per year over the next five years, reaching $10.5 trillion annually by 2025. In 2021, the number is expected to be $6 trillion up from $3 trillion in 2015. This is no surprise as the cybercriminal world is advancing at a fast pace.

    Having cyber insurance is a good idea if the costs make sense — it could be the difference between going out of business and staying afloat. Even if you can afford and qualify for coverage, you should know that cybercriminals like to attack companies with cyber insurance. According to a recent survey, these organizations are over two times more likely to pay ransoms than those without it. Hackers even find out the value of potential victims' coverage by breaking into the insurance companies first so they can demand the highest possible ransom. Once they've extorted organizati

    By VARINDIA| 15 views

  • Diversity, Equality, and Inclusion | A Reality | Modern Business | VARINDIA News Hour

    Diversity, Equality, and Inclusion | A Reality | Modern Business | VARINDIA News Hour

    Diversity, Equality, and Inclusion | A Reality | Modern Business | VARINDIA News Hour

    Diversity, Equality, and Inclusion (DEI) are the cornerstones of a thriving modern business. A diversified, inclusive workplace that provides equal opportunity to all is bound to cultivate an innovative and supportive culture, which will go a long way to make that organization successful. It sounds like a simple enough formula; make your organization a DEI workplace, and your challenges will melt, and your opportunities will grow. Then why don't all organizations make their companies a DEI workplace? Because it is easier said than done. Pandemic changed the way we think and function in almost all spheres of life. Businesses have gone through tremendous stress in maintaining the pre-pandemic status quo. With pandemic-induced remote working becoming the new way of working, it opened new opportunities for organizations that hitherto were not possible from the DEI perspective. Remote work has helped many organizations to take advantage of their diversified talents. Post pandemic, organizations can now tap into the talent pool of people who otherwise might have travel constraints or people who would have hesitated to work in the backdrop of societal taboos, given their personal and life choices, etc.

    In fact, the pandemic has opened new doors for both organizations and individuals and has contributed to the overall cause of achieving DEI goals. Whether it is pandemic or not, change in the landscape of working or not, DEI at the workplace will not happen by just having the earnest intent or a well-written mission statement—it requires a conscious choice. An organization's leadership must have the will and commitment to make their workplace a DEI workplace and, most importantly, a concrete plan of action. For an organization to become a DEI workplace, a solid strategy is a good starting point. However, how well the organization communicates the strategy and t

    By VARINDIA| 28 views

  • SUPER APP | Rat Race | Gaining Market Share | New Business Model | VARINDIA News Hour

    SUPER APP | Rat Race | Gaining Market Share | New Business Model | VARINDIA News Hour

    SUPER APP | Rat Race | Gaining Market Share | New Business Model | VARINDIA News Hour


    Now with advancements in technology, the world is moving towards something called a ‘Super App’, which helps people access different services at once. A super-app is a mobile or web application that can provide multiple services including payment and financial transaction processing, effectively becoming an all-encompassing self-contained commerce and communication online platform that embraces many aspects of personal and commercial life. Precisely, it is a one-stop portal or application that allows users to access numerous services in one place. In other words, it is a singular platform developed by a company that offers multiple services under one roof. It is the technological equivalent of a shopping mall. We use payment apps to transfer money, entertainment apps to consume content, and weather apps to check the temperature. However, super-apps have emerged in other parts of the world and are even starting to gain a foothold in the West — whether we realize it or not. Super-apps cover multiple verticals and create a “one-stop-shop” app where users can complete many different tasks. Put simply, super-apps combine multiple different services into one app. The unique selling point of a super-app that centralizes many functions is that you can complete multiple tasks or actions in one place. You don’t have to switch between programs or providers to get things done.

    The SuperApp is more than just a platform-based business model. Going forward, it is expected to cover at least 40-50% of online transactions made by a large customer segment. Learning from the Chinese Technology conglomerate Tencent’s WeChat and Alibaba’s Alipay, in India business houses including Adani Group, Reliance Industries Ltd. [RIL], the Tata group, Amazon, Flipkart, and Paytm are keeping the details of their SuperApp close to their chest but their actions leave a trail of their aspiratio

    By VARINDIA| 29 views

  • Paytm management overvalued their share | Digital Currency | VARINDIA News Hour

    Paytm management overvalued their share | Digital Currency | VARINDIA News Hour

    Paytm management overvalued their share | Digital Currency | VARINDIA News Hour

    The initial public offering of Paytm's parent company, One97 Communications, has made history by launching India's biggest ever initial public offer worth Rs 18,300 crore, at the time where the market does not have an appetite for such a large listing. The company has amassed over 50 million strong active consumer base and 25 million merchant base. A higher valuation could have been achieved but we decided to price it at a level where everyone makes money,” said Madhur Deora, group chief financial officer at Paytm, after the public issue. The stock was issued at Rs2,150, got listed at Rs1,950, hit a high of Rs1,955 and then went into a relentless decline. Paytm has its hands full with multiple business verticals ranging from payment gateway, consumer lending and various financial services, among others. Now investors and analysts seem to lack faith as they questioned the company's lack of profits and lofty valuation, whereas the competitors of Paytm including Amazon, Flipkart, Google and others are offering almost the same services. As per Axis Securities, a broking firm, says, “Globally, profit-making payment companies are trading at median nine-times of future earnings, whereas One97 Communication, a loss-making company, is valued at 49.7-times its FY21 revenues.

    Paytm will find it challenging to expand its business going ahead. “Paytm’s payments-based business model has been disrupted by Unified Payment Interface, a real-time retail payment system developed by government-backed National Payments Corporation of India or NPCI. As per various published reports, Paytm made an initial public offer of Rs18,300 crore in November 2021. A major part of the issue, i.e., Rs10,000 crore was offer for sale from the existing shareholders who used the IPO to harvest their returns. The company has done lots of financial engineering, despite of that, Paytm's stock

    By VARINDIA| 45 views

  • Python Complete Project Opportunity Analytics | Data Science Project Opportunity Analytics

    Python Complete Project Opportunity Analytics | Data Science Project Opportunity Analytics

    www.bisptrainings.com, www.bispsolutions.com

    Python Complete Project Opportunity Analytics | Data Science Project Opportunity Analytics

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  • Fortinet Helped Airowire Networks to Grow Their Security Business

    Fortinet Helped Airowire Networks to Grow Their Security Business

    Fortinet Helped Airowire Networks to Grow Their Security Business

    Fortinet Helped Airowire Networks to Grow Their Security Business

    By VARINDIA| 36 views

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Cybersecurity brings great opportunity for MSPs to expand, grow their business | VARINDIA News Hour

Cybersecurity is a lucrative business. Cybercrime is a booming business, inflicting damage to businesses estimated at $3 trillion per year and growing to $5 trillion by 2024, according to a recent report by Juniper Research. Cyberattacks are a costly business nightmare, resulting in profit-sapping downtime, lost revenues, brand damage, stock price losses and regulatory fines. The growing risk of being hit by a cyberattack makes it a no-brainer for organizations of all sizes to adopt cybersecurity solutions. This is where MSPs come into the picture. Cybersecurity poses a great opportunity for MSPs to expand, grow their business, and drive revenues while providing customers with more comprehensive solutions. Ransomware is designed to completely encrypt a victim’s file system, potentially causing an irreversible loss of data. Second, an increasing number of cybercriminals are utilizing ransomware to extract money out of victims. Some surveys have shown that losses for businesses can average $2,500 for each incident, with businesses willing to shell out millions of dollars to decrypt their data in some instances. Given the whole purpose of ransomware is to extract money from victims, total loss values are often the numbers people care about the most.

There is an increasingly large number of businesses, governments, and individuals faced huge losses due to these types of virus attacks. Cybercrime is estimated to have increased by around 600% in the past year, with ransomware alone costing companies around $75 billion a year. A report says, the right cyber protection capabilities and management tools can capitalize on ransomware’s growth and add significant value to your service, allowing you to grow your client base, customer satisfaction, and revenue streams. 71% of ransomware targets SMBs, and 3 out of 5 MSPs had to deal with a ransomware attack on SMB

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  • Disruptive technologies opened vast opportunities for cybersecurity warriors  | VARINDIA News HourUp next

    Disruptive technologies opened vast opportunities for cybersecurity warriors | VARINDIA News Hour

    Disruptive technologies opened vast opportunities for cybersecurity warriors | VARINDIA News Hour

    We’re living in an information age where data is the new currency. As the world explores new digital frontiers, the importance of data security is growing exponentially. Once a company crosses the $1 Billion mark, it becomes part of a rare and exclusive club: The Unicorn Club. “Anytime, anywhere” has become the mantra of today’s enterprise workforce. The exponential growth of the Internet interconnections has led to a significant growth of cyberattack incidents often with disastrous and grievous consequences. Employees in remote and home offices and on the road stay productive using applications in the cloud, collaboration tools, and personal devices tied into their corporate network. But as IT stretches to reach a far-flung workforce, it is exposed to more risks. Many organizations have implemented enhanced security across their networks to help protect data. But even with stepped-up measures, there are some simple ways you and your staff can help safeguard your IT environment. The development of more innovative and effective malware defense mechanisms has been regarded as an urgent requirement in the cybersecurity community. The main challenge is how to keep the software and systems updated with the latest patches and limit their vulnerability to cyberattacks. Use the security features that come with your apps supplements other security measures you have in place. Strong passwords are one of the first lines of defense against breaches and changing them occasionally may help keep hackers out.

    Digital transformation is helping to make the world a better place, but cyberattacks are an unfortunate part of this reality. These days, the success of any modern business, large or small, depends on the effectiveness of the data security systems it has in place. A survey outlines, there are 46 companies in the Cyber Security industry that have achieved a valua

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    Fintech Market brings huge opportunity For Startups | Financial Technology | VARINDIA Explained

    Fintech is a term used to describe the companies operating in the financial technology sector. Rising popularity for digital payments, increased investments in technology-based solutions, supportive government regulations, increased adoption of IOT devices are expected to positively influence the Global FinTech Market in the coming years. Rising innovations like mobile wallets, mobile banking, secure payment gateways, digitized money, paperless lending, etc., and adoption of e-commerce platforms across the economies, coupled with rising smartphone penetration have paved the way for increasing FinTech transactions. India has undoubtedly emerged as one of the fastest-growing FinTech hotspots in recent years. However, concerns related to data security, lack of mobile and technology expertise may hamper the FinTech market during the forecast period. Analysts say that we are still at the earliest stages of true FinTech as the future impact of cloud computing, IoT, artificial intelligence, and blockchain cannot even be estimated yet. Each year, tech companies are digging deeper into the financial services value chain and also creating new market structures in underbanked developing countries. Pure FinTech players are now sharing the market with some banks which provide new, digital-friendly banking services and integrate digital payments, microfinancing, and robo-advisor services into existing bank accounts.

    Digital banking will play a crucial role in the growth of the global fintech market in the coming years. With the global adoption rate of nearly 25%, this market brings various opportunities for fintech companies. Apart from the credit financing, there are several ways the SMEs can be benefited, like using APIs and distributed accounting technologies to achieve process efficiency. According to a report from Boston Consulting Group and FICCI, India is well-

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    Future of Business Email for SMEs | CYBERCRIMINALS Attacking CYBERINSURANCE | VARINDIA News Hour

    We live in a world that’s becoming more digitally dependent. Right from our social interactions to professional interchanges and financial transactions, most take place digitally. While digital resources are enabling, they also leave us vulnerable to cyber criminals as a lot of information regarding our personal and professional lives rests in the digital domain. Cyber insurance or cyber security insurance provides coverage from activities such as identity theft, unauthorized transactions, and more with rapidly increasing digitalisation, cyber risks and loss scenarios keep changing quickly. For all risk owners this makes it even more important to learn from past incidents and identify upcoming cybersecurity trends, threats and vulnerabilities. Cyber insurers have already proven that they can be part of the solution when it comes to building up resiliency and preparedness across all industries. The total global economic damage of cybercrime is a controversial issue. Cybersecurity Ventures estimates global economic cybercrime costs to grow by 15% per year over the next five years, reaching $10.5 trillion annually by 2025. In 2021, the number is expected to be $6 trillion up from $3 trillion in 2015. This is no surprise as the cybercriminal world is advancing at a fast pace.

    Having cyber insurance is a good idea if the costs make sense — it could be the difference between going out of business and staying afloat. Even if you can afford and qualify for coverage, you should know that cybercriminals like to attack companies with cyber insurance. According to a recent survey, these organizations are over two times more likely to pay ransoms than those without it. Hackers even find out the value of potential victims' coverage by breaking into the insurance companies first so they can demand the highest possible ransom. Once they've extorted organizati

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    Diversity, Equality, and Inclusion (DEI) are the cornerstones of a thriving modern business. A diversified, inclusive workplace that provides equal opportunity to all is bound to cultivate an innovative and supportive culture, which will go a long way to make that organization successful. It sounds like a simple enough formula; make your organization a DEI workplace, and your challenges will melt, and your opportunities will grow. Then why don't all organizations make their companies a DEI workplace? Because it is easier said than done. Pandemic changed the way we think and function in almost all spheres of life. Businesses have gone through tremendous stress in maintaining the pre-pandemic status quo. With pandemic-induced remote working becoming the new way of working, it opened new opportunities for organizations that hitherto were not possible from the DEI perspective. Remote work has helped many organizations to take advantage of their diversified talents. Post pandemic, organizations can now tap into the talent pool of people who otherwise might have travel constraints or people who would have hesitated to work in the backdrop of societal taboos, given their personal and life choices, etc.

    In fact, the pandemic has opened new doors for both organizations and individuals and has contributed to the overall cause of achieving DEI goals. Whether it is pandemic or not, change in the landscape of working or not, DEI at the workplace will not happen by just having the earnest intent or a well-written mission statement—it requires a conscious choice. An organization's leadership must have the will and commitment to make their workplace a DEI workplace and, most importantly, a concrete plan of action. For an organization to become a DEI workplace, a solid strategy is a good starting point. However, how well the organization communicates the strategy and t

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    Now with advancements in technology, the world is moving towards something called a ‘Super App’, which helps people access different services at once. A super-app is a mobile or web application that can provide multiple services including payment and financial transaction processing, effectively becoming an all-encompassing self-contained commerce and communication online platform that embraces many aspects of personal and commercial life. Precisely, it is a one-stop portal or application that allows users to access numerous services in one place. In other words, it is a singular platform developed by a company that offers multiple services under one roof. It is the technological equivalent of a shopping mall. We use payment apps to transfer money, entertainment apps to consume content, and weather apps to check the temperature. However, super-apps have emerged in other parts of the world and are even starting to gain a foothold in the West — whether we realize it or not. Super-apps cover multiple verticals and create a “one-stop-shop” app where users can complete many different tasks. Put simply, super-apps combine multiple different services into one app. The unique selling point of a super-app that centralizes many functions is that you can complete multiple tasks or actions in one place. You don’t have to switch between programs or providers to get things done.

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