‘Companies need incentive to share data on cyberattacks’

Must Read

Amid a significant rise in cyberattacks during the COVID-19 pandemic, one roadblock in international collaboration on the issue is lack of incentives for corporates to share information about such incidents, and instead risk reputational damage, Vishal Salvi, chief information security officer and head of the Cyber Security Practice at Infosys, said.

He was speaking at a webinar on ‘Regional collaboration to achieve a safe and trusted Cyberspace’ organised by the Bengaluru Chapter Committee of the Indo-Australian Chamber of Commerce. To a query on challenges in international collaboration between large firms and governments, Mr. Salvi said the first challenge is there is no incentive for an organisation to truly collaborate and share details of attacks and incidents in real time because there is a fear and risk of reputational damage. “We need to work towards finding out how to incentivise organisations to be open in terms of sharing and collaborating,” he said.

Following the outbreak of COVID-19, attackers had become more motivated and the number of phishing and ransomware attacks had seen an “extraordinary rise,” he said. Mr. Salvi pitched for an international cooperation ecosystem to apprehend individuals behind different cybercrimes.

“… we’ve not really worked as industries, as governments, as law enforcement [agencies] to come together to create a single international cooperation ecosystem so that we are able to apprehend and catch individuals behind these different cybercrimes,” he said.

Tobias Feakin, Ambassador for Cyber Affairs, Government of Australia, also part of the discussion, said his government had seen a rise in the number of threat actors it was dealing with.

He added that it was seeing a lowering of the bar for entry into cybercrime. While previously one would need to be technically proficient, he said, “now, a motivated individual can, for a relatively low sum of money, download tools and apply themselves in the criminal domain.”

You have reached your limit for free articles this month.

To get full access, please subscribe.

Already have an account ? Sign in

Show Less Plan

Subscription Benefits Include

Today’s Paper

Find mobile-friendly version of articles from the day’s newspaper in one easy-to-read list.

Faster pages

Move smoothly between articles as our pages load instantly.

Unlimited Access

Enjoy reading as many articles as you wish without any limitations.

Dashboard

A one-stop-shop for seeing the latest updates, and managing your preferences.

Personalised recommendations

A select list of articles that match your interests and tastes.

Briefing

We brief you on the latest and most important developments, three times a day.

*Our Digital Subscription plans do not currently include the e-paper ,crossword, iPhone, iPad mobile applications and print. Our plans enhance your reading experience.

Source link

Popular

Assam’s Dibrugarh University Teacher Arrested For Sharing Porn Video: Police

During interrogation, the accused confessed to the crime. (Representational)Dibrugarh: An assistant professor in Assam's Dibrugarh University was arrested today for allegedly uploading pornographic content...

JK Tyres suspends operations in Mysuru temporarily

JK Tyres and Industries, one of the leading tyre manufacturers in the country, has suspended operations at its facilities in Mysuru after more than...

TDS Rule Amendment : IT Department seeks more disclosure in form

NEW DELHI : After introducing new TDS (tax deducted at source) rates for high-value cash withdrawals from banks, the income tax department has now...

Donald Trump Suspends H-1B, Other Visas Till Year End

Issuing the proclamation, Trump has ignored the mounting opposition to the order (File)Washington: US President Donald Trump has issued a proclamation to suspend issuing...

Lebanon Blasts: Reactions, Support & Condolences across World

See Blast Video - At the End of Post A huge blast in port warehouses near central Beirut storing highly explosive material killed 78 people...

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Latest Articles