A man takes part in a hacking contest during the Def Con hacker convention in Las Vegas, Nevada, on July 29, 2019. VOA
India is most likely to have “high” impact (58 per cent) of cybersecurity incidents on the business compared to Singapore (42 per cent) and Australia (16 per cent), a new report said on Tuesday.
The report by cloud cybersecurity company McAfee revealed that an enterprise faced up to 120 data breaches on an average in the past year, with the respondents across Asia-Pacific (APAC) region, estimating an average loss of $298,812.
Interestingly, when asked whether they could put a cost on their recent cyber incidents, Indian organizations led with 91 per cent believing that they were able to quantify the financial impact.
Owing to high hacking risk, 93 per cent organisations in India believe they are cyber-resilient, taking the top position among all the other countries in the APAC region.
“Organizations in India are most likely to have ‘high’ impact of cybersecurity incidents. Therefore, involvement of cybersecurity in digital transformation at the management level becomes critical in more developed jurisdictions such as India, where regulation and compliance are evolving and, therefore, may be more of a focus for organisations,” explained Sanjay Manohar, Managing Director, McAfee India.
Organisations in India describe their culture of cybersecurity as either “strategic” (60 per cent) or “embedded” (33 per cent).
The survey covered 480 cybersecurity decision-makers across eight Asia-Pacific countries including Australia, Hong Kong, India, Indonesia, Malaysia, New Zealand, Singapore and Thailand.
To protect your digital self, you shouldn’t reveal your real name and data on high-risk websites. Pixabay
It revealed that 97 per cent of the organizations in India were familiar with the concept of cyber-resilience compared to Australia (73 per cent) and New Zealand (75 per cent).
“Nearly 98 per cent Indian enterprises are likely to invest more in security due to regulation, despite the maturity of their jurisdiction,” the findings showed.
Data breach (62 per cent), data tampering (49 per cent) and fraud (43 per cent), were predicted to be the top three risks enterprises will be prone to in 2021.
Investment in categories such as data protection, cloud protection technology and network protection technology were top priorities for enterprises targeting an “optimized” cybersecurity maturity posture.
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“As the cyber threat landscape continues to evolve, cybersecurity is fast becoming an integral part of digital transformation, with 49 per cent ‘extremely’ involved and 41 per cent ‘very involved’ in the digital transformation process,” said the report.
Data breach (62 per cent), data tampering (49 per cent) and fraud (43 per cent), were predicted to be the top three risks enterprises in 2021.
The findings also show that in 2021, new risks will spread through a range of other potential issues such as an increase in fraud (23 per cent – 30 per cent) and defacement (24 per cent – 28 per cent).
Larger organizations were prone to more cyber incidents but organizations with more than 500 staff suffered an average of 209 incidents, which is almost 8 times higher than businesses with 50 to 100 employees, said the report. (IANS)
Data compliance issues and regulations have kept WhatsApp Pay launch in abeyance for quite some time. Pixabay
Despite a delay in launching WhatsApp pay in India owing to data compliance issues, Facebook CEO Mark Zuckerberg has said that the peer-to-peer, UPI-based payments feature will be rolled out in several countries in the next six months.
Data compliance issues and regulations have kept WhatsApp Pay launch in abeyance for quite some time, despite a successful test run of the payments service with one million users in the country in 2018.
“We got approval to test this with one million people in India back in 2018. And when so many of the people kept using it week after week, we knew it was going to be big when we get to launch,” Zuckerberg said during the company’s earnings call on Thursday.
Despite a delay in launching WhatsApp pay in India owing to data compliance issues, Facebook CEO Mark Zuckerberg has said that the peer-to-peer, UPI-based payments feature will be rolled out in several countries. Wikimedia Commons
“I’m really excited about this, and I expect this to start rolling out in a number of countries and for us to make a lot of progress here in the next six months,” he added.
Beyond WhatsApp Payments, the company is working on several other efforts to help facilitate more commerce from Facebook Marketplace to Instagram Shopping and its work on Facebook Pay or the digital currency Libra.
“We’re taking a number of different approaches here, ranging from people buying and selling to each other directly to businesses setting up storefronts, to people engaging with businesses directly through messaging and a number of things on payments ranging from existing — using existing national systems like India’s UPI to creating new global systems,” said the Facebook CEO, hailing the UPI system again.
The peer-to-peer, UPI-based WhatsApp Pay service will reach over 400 million users — especially the small and medium businesses (SMBs) — to boost digital inclusion in the country.
“Having small businesses succeed is not only key to creating broad economic growth where everyone can support themselves, it’s also important to maintaining healthy communities since small businesses are often where people come together,” said Zuckerberg.
Beyond WhatsApp Payments, the company is working on several other efforts to help facilitate more commerce from Facebook Marketplace to Instagram Shopping and its work on Facebook Pay or the digital currency Libra. Pixabay
The Indian government and the Reserve Bank of India (RBI) have expressed concerns over some of WhatsApp’s features in complying with the regulations.
“On payments, we’re focused in different places with different products. For things like Instagram and even a lot of what we’re doing on Facebook, it’s a lot more developed countries. For WhatsApp, it’s the biggest countries on WhatsApp. So countries like India and Mexico and Brazil and Indonesia will make up a large part of the community on WhatsApp,” he elaborated.
On elections, Zuckerberg said they are very focused on election integrity.
“We were behind in 2016, but after working to protect elections in countries across the world from the EU — in the EU to India to Mexico to the US midterms for the past few years, we think our systems are now more advanced than any other companies,” he told the analysts.
“There’s still going to be debate about what kinds of political speech should be allowed, especially as the 2020 elections heat up. But by any objective measure, our efforts in election integrity have made a lot of progress,” he noted.
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Zuckerberg said the daily active users reached 1.7 billion, up 9 per cent compared to last year, led by growth in India, Indonesia and the Philippines.
“DAUs represented approximately 66 per cent of the 2.5 billion monthly active users in December. MAUs grew 178 million or 8 per cent compared to last year. We plan to continue to disclose Facebook-only community metrics through late 2020,” he added. (IANS)
According to the company Samsung, the Galaxy A51 is the first-ever in Galaxy A series to sport an Infinity-O display. Pixabay
Samsung India on Wednesday launched the Galaxy A51 (6GB 128GB) in the country for Rs 23,999. The smartphone comes with the company’s signature Infinity-O Super AMOLED display.
Galaxy A51 will be available in Blue, White and Black Prism Crush colours, starting January 31 across retail stores.
“The success of Galaxy A embodies our philosophy of bringing meaningful innovation to all our consumers. Galaxy A51 takes this legacy to the next level with its camera, screen and long lasting battery — features that will excite our young consumers,” Aditya Babbar, Director, Mobile Business, Samsung India, said in a statement.
According to the company, the Galaxy A51 is the first-ever in Galaxy A series to sport an Infinity-O display.
The device features an advanced 48MP main camera, 12MP Ultra Wide lens with “Night Mode” capability and a 5MP Macro lens that allows users to take close up shots and a 5MP depth camera for clicking shots in “Live Focus” mode.
The Galaxy A51 is powered by a 10nm Exynos 9611 chipset that comes with AI powered Game Booster for improved frame rate and stability as well as reduced power consumption.
Samsung India on Wednesday launched the Galaxy A51 (6GB 128GB) in the country for Rs 23,999. The smartphone comes with the company’s signature Infinity-O Super AMOLED display. Wikimedia Commons
The Galaxy A51 also comes with a long-lasting battery that lasts for up to 19 hours of video play back time, according to the company, thanks to the 4000mAh battery with 15W fast charging.
This feature makes SMS come ‘Alive’ by identifying messages that are most useful to the user and organizing them neatly in the form of visual cards such as Reminders and Offers. The Useful Cards feature helps reduce clutter in the SMS Inbox and lets consumers find useful information quickly and easily.
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The company will launch the 8GB/128GB variant later. (IANS)
“The high level of customer satisfaction and loyalty for both products drove the active installed base of both Mac and iPad to new records in all geographic segments,” the Apple CEO Tim Cook added. Wikimedia Commons
Buyoed by iPhone 11 sales, Apple registered double-digit growth in India for iPhones in the holiday quarter (October-December period), the company’s CEO Tim Cook has announced.
“We grew double digits in emerging markets led by strong performances in Brazil, mainland China, India, Thailand, and Turkey,” Cook told analysts after declaring all-time high revenue for Apple’s fiscal 2020 first quarter that ended on December 28.
The revenue from iPhones in the holiday quarter was $56 billion globally.
“Again, that’s up 8 per cent over a year ago, thanks to the exceptional demand for the iPhone 11, iPhone 11 Pro, and iPhone 11 Pro Max.
“In fact, iPhone 11 was our top-selling model every week during the December quarter, and the three new models were our three most popular iPhones,” said a beaming Cook.
Indians made a beeline to buy iPhone 11 that flew off the shelves in the festive season. The iPhone XR, launched last year, also did well.
Buyoed by iPhone 11 sales, Apple registered double-digit growth in India for iPhones in the holiday quarter (October-December period), the company’s CEO Tim Cook has announced. Pixabay
Mac and iPad generated $7.2 and $6 billion globally in revenue, respectively.
“For iPad, we saw growth in key emerging markets like Mexico, India, Turkey, Poland, Thailand, Malaysia, the Philippines, and Vietnam,” said Cook.
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“The high level of customer satisfaction and loyalty for both products drove the active installed base of both Mac and iPad to new records in all geographic segments,” the Apple CEO added. (IANS)