logo
Are We Really Ready for Cyberwarfare?

Are We Really Ready for Cyberwarfare?

Entrepreneur12-05-2025
Opinions expressed by Entrepreneur contributors are their own.
You're reading Entrepreneur India, an international franchise of Entrepreneur Media.
In 2024, India achieved Tier 1 status in the Global Cybersecurity Index (GCI), with a score of 98.49 out of 100—placing it among the world's leading nations for cybersecurity. The index, released by the International Telecommunication Union (ITU), assessed countries across five pillars—legal, technical, organisational, capacity development, and international cooperation.
Yet, this impressive score starkly contrasts with the realities observed on the ground, particularly in government institutions and critical infrastructure.
Inside a INR 146 crore bank heist: a wake-up call
Professor Triveni Singh, former Superintendent of Police (Cyber Crime) and Chairperson at the Future Crime Research Foundation, recalled investigating a major cyberattack on a cooperative bank two years ago.
"Cybercriminals planted a laptop within the bank's internal network, installed a remote access tool and keyloggers, and managed to capture the credentials of both the maker and checker—then transferred INR 146 crore," he said. Forensic analysis revealed that poor physical and digital controls had allowed the breach. The security operations centre (SOC), Singh recalled, was staffed by interns playing cards. "They had no access control protocols, no active surveillance, and the CCTV server had not been updated in nearly a year."
Most alarmingly, when asked who the Chief Information Security Officer (CISO) was, a branch manager stepped forward—unaware of what the designation meant. "In government institutions, 99 per cent of those listed as CISOs don't even know they hold the role," Singh said.
Training gaps and paper compliance
According to Singh, superficial training and a lack of institutional understanding are major threats. "In government departments, people attend one-day workshops labelled 'CISO training'. They come for breakfast, lunch, and leave. That's not capacity building," he said.
He emphasised the urgent need for genuine investment in skills and cyber awareness. "You cannot train someone to respond to a cyber crisis with two or three days of orientation. Cybersecurity requires continuous education, not certificates for compliance."
Singh also questioned the visibility and awareness of existing national cyber guidelines. "Ask any government official if they've read the RBI's cybersecurity guidelines, or the latest policy from SEBI or IRDAI. You'll find no one has. How can you ensure compliance when there is no understanding of the rules?"
Data, responsibility, and the civilian risk factor
Prashant Mittal, Deputy Director General at the National Informatics Centre, highlighted the massive amount of data handled by government departments, much of it migrated to the cloud. "Krishi Bhavan alone handles data equivalent to 30 per cent of the global population—due to overlaps like one individual being a beneficiary of multiple schemes," he said.
With the Digital Personal Data Protection (DPDP) Act, 2023, now in effect, the stakes are higher. Mittal warned that penalties for breaches can reach up to INR 250 crore. "Many managed service providers (MSPs) do not have the capacity to absorb such losses. They'll soon be held accountable under revised contracts."
On the civilian side, cyber-awareness remains dangerously low. Rajesh Chhabra, General Manager – India & South Asia at Acronis, urged citizens—especially students, women, and the elderly in smaller towns—to take basic precautions. "Avoid clicking on unsolicited WhatsApp or SMS links, invest in antivirus protection, and never reuse passwords across platforms," he advised.
He also warned against common scams involving fake customer service numbers found on search engines. "Even SBI has begun issuing alerts about these tactics," Chhabra said. "It's often the lack of awareness that leads to financial fraud."
India's top-tier GCI ranking reflects robust policy frameworks, but cyberwarfare readiness demands more than documentation. As Singh noted, "Cybersecurity cannot be achieved through certificates or slogans. Until we train the right people and build real accountability, the systems will remain vulnerable."
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

China will merge CSSC and CSIC to create shipbuilding giant
China will merge CSSC and CSIC to create shipbuilding giant

Yahoo

time23 minutes ago

  • Yahoo

China will merge CSSC and CSIC to create shipbuilding giant

China has merged two of its giant state-owned shipbuilding firms to create an RMB 700 billion ($97.4b) company. China State Shipbuilding Corporation (CSSC) and China Shipbuilding Industry Corporation (CSIC) had previously been one state-owned enterprise (SOE), but were split in 1999. After months of discussions and rumours, the firms were again made one in a ceremony in Shanghai. The new CSSC will control as much as 21% of the global shipbuilding industry, and Beijing hopes the new megacompany will be a more efficient challenger across the civil, military, and offshore energy sectors. As competition is likely as fierce as it has ever been in the Asian shipbuilding market, the aim of this merger is to cement China's place above South Korea as the dominant force in the region. Over the 25 years the shipbuilders have been split into the northern Dalian-based CISC and the southern Shanghai-based CSSC, a domestic rivalry developed, according to China Decoded. Reducing this internal competition and focusing on growth compared to international rivals is increasingly vital for the Chinese industry as the US has become more assertive in anti-China policies during the second Trump administration. 'This merger marks the largest strategic restructuring in China's shipbuilding history, aimed at optimising resource allocation and enhancing competitiveness in the global market,' said Xu Yi, an analyst at Haitong Futures told South China Morning Post. It is understood that Tuesday 12 August will be the final day CSIC shares will be available for market trading on the Shanghai Stock Exchange, before the company is folded into China CSSC Holdings. The move has several potential downsides for the Beijing government and the new larger company. Firstly, it will almost certainly attract the ire of international anti-monopoly bodies. While these regulators do not have the power to break up the Chinese megafirms, they could recommend countermeasures to other governments which could restrict the business CSSC can do. The move could also consolidate military and civilian shipyards, which could lead to further international restrictions or tariffs aimed at the industry, such as increased port fees for Chinese vessels, or even higher tariffs. "China will merge CSSC and CSIC to create shipbuilding giant" was originally created and published by Ship Technology, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site.

Trump Pushes China to Quadruple U.S. Soybean Buys -- Markets React Ahead of Tariff Truce Deadline
Trump Pushes China to Quadruple U.S. Soybean Buys -- Markets React Ahead of Tariff Truce Deadline

Yahoo

timean hour ago

  • Yahoo

Trump Pushes China to Quadruple U.S. Soybean Buys -- Markets React Ahead of Tariff Truce Deadline

Soybean futures posted their biggest intraday gain in four months after US President Donald Trump called on China to quickly quadruple its purchases of American soybeans, linking such a move to narrowing the trade gap between the two countries. The comments, made on Truth Social just one day before the current tariff truce is set to expire, came with a public thank-you to Chinese leader Xi Jinping, though no further detail was provided. The timing is notable US farmers are only weeks away from harvest, when fresh supply typically boosts export potential. While China bought more than $12 billion in US soybeans in 2024, government data show no bookings yet for the new season beginning in September, a sign that trade tensions remain an obstacle. Warning! GuruFocus has detected 5 Warning Signs with NVDA. The market reaction was swift. Chicago soybean futures jumped as much as 2.8% before easing to a 2.3% gain, with corn and wheat prices also edging higher. Analysts point out that this period often marks a shift in China's buying toward Northern Hemisphere origins, but the current pattern has leaned heavily toward Brazil, Argentina, and other South American suppliers. The US Department of Agriculture is expected to raise its domestic harvest outlook in an upcoming report, potentially adding to export competitiveness. Still, some market watchers caution that without progress in trade talks, China could meet its annual soybean needs entirely from South America, leaving US farmers sidelined. The tariff truce deadline on August 12 adds another layer to the story, with signals from Washington that an extension is possible. Broader US-China tensions remain in play from Beijing's defense of Russian oil imports against US tariff threats to state-linked criticism of Nvidia (NASDAQ:NVDA) chip performance. For now, Trump's remarks have injected a dose of optimism into agricultural markets, but whether this translates into sustained buying from China could depend on the trajectory of negotiations in the weeks ahead. This article first appeared on GuruFocus.

India attacks US and Europe's 'double standards' in their trade relationship with Russia
India attacks US and Europe's 'double standards' in their trade relationship with Russia

Yahoo

timean hour ago

  • Yahoo

India attacks US and Europe's 'double standards' in their trade relationship with Russia

India has lashed out at the United States and the European Union, criticising what it described as "double standards" over their trade relations with Russia, after US President Donald Trump threatened to impose higher tariffs on Indian goods due to New Delhi's continued import of Russian oil. "The countries criticising India are themselves engaged in trade with Russia," India's Ministry of External Affairs said in a statement on Monday evening, adding that "it is unjustified to target India alone". It noted that the European Union conducted trade with Russia worth €67.5 billion ($78.02bn) in 2024, including record LNG imports of 16.5 million metric tonnes. According to the statement, the US continued to import Russian uranium hexafluoride for use in the nuclear power sector, along with palladium, fertilisers and chemicals, without clarifying the source of this information. This escalation follows direct threats made by Trump on 31 July, announcing 25% tariffs on Indian goods exported to his country, while also threatening unspecified sanctions against India's purchases of Russian oil, in what observers described as a sudden escalation in relations between Washington and New Delhi. India, one of the largest importers of Russian oil, imported about 1.75 million barrels daily between January and June 2025, up 1% from the same period last year. The EU in July imposed sanctions on India's Nayara Energy, a major refiner in which Russia's Rosneft holds a majority stake. New Delhi has maintained that it does not recognise "unilateral sanctions" imposed by the EU. New Delhi's scathing response Both Prime Minister Narendra Modi's ruling Bharatiya Janata Party (BJP) and the main opposition Congress Party condemned the ongoing US criticism. "Trump's insulting remarks hurt the dignity of Indians," said Congress MP Manish Tiwari, adding: "It is time to put an end to this incessant bullying and intimidation." BJP vice-president Baijayant Jai Panda recalled a famous quote by Henry Kissinger on the X platform: "To be an enemy of America may be dangerous, but to be a friend of America is deadly." Trade experts believe that the upcoming US tariffs could cause significant damage to the Indian economy. Ajay Srivastava, of the Global Trade Research Initiative in New Delhi, said he expects India's exports to the US to fall 30% in the current fiscal year to $60.6bn from $86.5bn in fiscal 2025. The trade tension was directly reflected in the markets, with Indian stock indices plummeting after Trump's latest threats. Sign in to access your portfolio

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store