Cost of data breach for India Inc rose by 9.4% in 2020: IBM Data Breach Report
An annual study by IBM Security covering over 500 companies globally to examine the financial impact of data breaches, found that the average total cost for India Inc due to security breaches in 2020 was Rs 140 million (Rs 14 crore) in 2020, an increase of 9.4% from 2019.
View: The bad, the ugly & the questionable about regulating non-personal data
The fact that competition — or even the government — can take business data away will significantly disincentivise investment in India’s technology ecosystem, and disable the creation of unicorn businesses like Paytm, Zomato, Flipkart and Ola. It will also hurt exits and destroy value: why buy a business, when you can force it to give up itsdata by going to the government?
Data is an individual’s right, can’t be treated as a resource: Experts on data panel proposals
The panel recommended that the government can purchase certain non-personal data from businesses at a fair, reasonable and non-discriminatory remuneration
SAS partners NHA for fraud detection, prevention through data analytics
SAS will provide end-to-end framework to ensure claim processing with specific components for fraud detection, alert management and case handling for NHA, a statement said.
WFH offers significant opportunity for Indian security product cos: Report
Indian security product companies have a significant opportunity to help address security challenges that have emerged as a number of enterprises continue to 'work from home' (WFH) amid the COVID-19 pandemic.
MNCs to gain tremendously from sharing of non-personal data: Kris Gopalakrishnan
An authority which will be set-up to regulate NPD will decide what constitutes a fair or an unfair request for data from a competing company, Infosys co-founder Kris Gopalakrishnan said on Thursday. “Any such transition will be seen negatively sometimes to start with,” he added.
View: Banning apps a band-aid solution, need a functionally robust Data Protection Authority
Any law or policy is as good as its enforcement. Efficacious and effective implementation and enforcement depends upon capacity and capability. With rapidly progressing technology in a global world, we must envisage a DPA which is able to meet contemporary challenges, so that it becomes a model worth emulating.
Android malware 'BlackRock' prowling in cyber space, may steal banking data: Advisory
The "noteworthy feature" of this malware is that its target list contains 337 applications including banking and financial applications, and also non-financial and well-known commonly used brand name apps on an Android device that focus on social, communication, networking and dating platforms, it said.
Data breaches cost India Inc 9.4% more in 2020, remote ops increase risk, says IBM report
The annual study by IBM Security - covering over 500 companies globally - which examines the financial impact of data breaches found that the average total cost for India Inc due to security breaches was Rs 140 million (Rs 14 crore) in 2020, an increase of 9.4% from 2019.
TikTok hasn't shared user data, won't, even if asked: Nikhil Gandhi, India Head
TikTok was one of 59 Chinese apps banned by India last month for alleged national security risks. It has 200 million registered users in India. Government has sought clarifications on security, safety and ownership details from these apps.
Bigger online reach helps companies get valuable data to formulate market strategies
Due to a surge in online shopping during the pandemic, e-stores are able to get real time data on demand, rivals performance and granular insights on select geographies through ecommerce retailers.
The pertinent question of the hour: How fair are practices of tech giants in India?
Investors and entrepreneurs agree that while India needs to attract more foreign investment, it also has to build a clearer regulatory system to safeguard national interest - a system that strikes a balance between the needs of nurturing local businesses and making India attractive to investors from abroad.
India seeks to limit Facebook, Amazon, Google dominance over online data
The document named U.S. giants Facebook Inc., Amazon.com Inc., Uber Technologies Inc. and Alphabet Inc.’s Google as the beneficiaries of first-mover advantages and network effects that have “left many new entrants and start-ups being squeezed and faced with significant entry barriers.”
Countries have a sovereign right over data to protect privacy of citizens: Prasad at G-20 meet
This comes after India banned 59 Chinese apps citing threats to the country’s “sovereignty and security” late last month. The apps included top social media platforms like TikTok, WeChat and Helo along with ShareIT, UC Browser and shopping app Club Factory.