India not equipped to tackle cyber attacks: Experts

[InfoSec News <alerts () infosecnews org>]

http://www.deccanchronicle.com/131130/news-current-affairs/article/india-not-equipped-tackle-cyber-attacks-experts

By Prashanth Vijayakumar
Deccan Chronicle
30th Nov 2013

Chennai: Cyber security experts who convened in the city on Fr­iday to observe 
the World Security Day conference said India is highly vulnerable to cyber 
threats, as the country is not fully equ­ipped to tackle sophisticated attacks.

With cyber warfare bec­oming increasingly sophisticated, cyber security 
exp­erts stressed the need for gre­ater financial investme­nts in research and 
development. Addressing the gathering, Reserve Bank chief general ma­nager V. 
Vasa­nthan ur­ged bankers not to download any free anti-virus software as it 
leaves systems vulnerable. “In the name of free software, several hackers are 
circulating the torjan virus which is capable of stealing potential personal 
data of customers,” he said.

Cyber security expert Pra­sanna explained that individual laptops and 
personalised gadgets were susceptible to advanced persistent threats (ATPs) 
under which the cyber attack is mainly focused on personalised gadgets further 
targeting data centres. Many corporates have their classified data in their 
laptops, tho­ugh ATP hackers steal the classified data and sell it to their 
rival organisations, he said.

Israel, a world leader in the field of cyber security, has started to tap on 
the cyber security commerce. “Israel earns revenue up to 1.5 billion US dollar 
in 2012, the biggest purchasers being US companies. India is yet to tap this 
ma­rket,” said Menahem Ka­nafi, Co­nsul Gen­eral of Israel.

[...]

--
Dean Bushmiller teaches a great 5-Day CISM in Albany NY Dec. 2 – 6.
Call 327-937-9786 for details.