cybersecurity risks

Cyber risks biggest threat faced by Indian orgnaisations, says survey

25Dec

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Technology

Cyber risks biggest threat faced by Indian orgnaisations, says survey

[ad_1] Cyber risks are cited as the biggest threat faced by Indian organisations with 38 per cent of respondents feeling highly or extremely exposed to it, says a survey.With this, cybersecurity has jumped two spots from number three to number one on the risk radar when compared to the 2022 Global Risk Survey, the PwC's 2023 Global Risk Survey- India edition stated. PwC said the final results of the survey are based on 3,910 survey responses from Business and Risk Management leaders (CEO, board, risk management, operations, technology, finance, audit) across 67 territories providing their views on the status and direction of risk in their organisation. 163 Indian organisations were a part of this survey. We are now on WhatsApp. Click to join.Other digital and technology risks are also t...

Siemens, Ericsson warn EU cybersecurity rules may disrupt supply chains

[ad_1] Electronics makers Siemens, Ericsson and Schneider Electric, along with industry group DigitalEurope warned on Monday that onerous proposed EU rules targeting cybersecurity risks of smart devices could disrupt supply chains on a scale similar to during the pandemic.Proposed by the European Commission last year, the Cyber Resilience Act requires manufacturers to assess the cybersecurity risks of their products and take measures to fix problems for a period of five years or through the expected lifetime of the products. The proposed rules would also apply to importers and distributors of internet-connected devices. Cybersecurity worries have spiked following a series of high-profile incidents of hackers damaging businesses and demanding huge ransoms. We are now on WhatsApp. Click t...

Cisco to Buy Splunk for $28 Billion in Giant AI-Powered Data Bet

[ad_1] Cisco Systems Inc. agreed to buy Splunk Inc. in a deal valued at about $28 billion, representing its biggest acquisition yet and a massive push into software and artificial intelligence-powered data analysis.The networking giant will pay $157 a share in cash, the companies said in a statement Thursday, or a 31% premium to Splunk's closing price on Wednesday. The purchase represents roughly 10% of Cisco's market value. Under Chief Executive Officer Chuck Robbins, Cisco has been trying to lessen its dependence on one-time sales of expensive hardware and shift toward software and services. Splunk is its most expensive push yet into that area and will help Cisco reach a broader base of customers, who can use the new services to gain insight into their network and computing operations...