Latest news with #Shanthamurthy
Time of India
4 days ago
- Business
- Time of India
Operation Sindoor wake-up call, need to be self reliant in digital-defence: Cybersecurity executive
A top cybersecurity executive has cautioned about heavy import dependence in securing the banking, financial services and insurance sector, saying it could be vulnerable if India had to engage in a war against a formidable rival. Drawing parallels with Operation Sindoor , Dharshan Shanthamurthy , founder and CEO of SISA, a cybersecurity solutions company, said the defence of India's banking and financial services sector was equally important in times of conflict as any attack on the payment ecosystem could have a crippling effect. "We did equally good in terms of defending our digital payment ecosystem, like the way we have defended against drone attacks. I'm sure we would have defended against the cyber attacks as well," Shanthamurthy told PTI. Play Video Pause Skip Backward Skip Forward Unmute Current Time 0:00 / Duration 0:00 Loaded : 0% 0:00 Stream Type LIVE Seek to live, currently behind live LIVE Remaining Time - 0:00 1x Playback Rate Chapters Chapters Descriptions descriptions off , selected Captions captions settings , opens captions settings dialog captions off , selected Audio Track default , selected Picture-in-Picture Fullscreen This is a modal window. Beginning of dialog window. Escape will cancel and close the window. Text Color White Black Red Green Blue Yellow Magenta Cyan Opacity Opaque Semi-Transparent Text Background Color Black White Red Green Blue Yellow Magenta Cyan Opacity Opaque Semi-Transparent Transparent Caption Area Background Color Black White Red Green Blue Yellow Magenta Cyan Opacity Transparent Semi-Transparent Opaque Font Size 50% 75% 100% 125% 150% 175% 200% 300% 400% Text Edge Style None Raised Depressed Uniform Drop shadow Font Family Proportional Sans-Serif Monospace Sans-Serif Proportional Serif Monospace Serif Casual Script Small Caps Reset restore all settings to the default values Done Close Modal Dialog End of dialog window. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like New Container Houses Serbia (Prices May Surprise You) Container House | Search ads Search Now Undo He said Operation Sindoor should serve as a wake up call for achieving self-reliance in defending India's financial services ecosystem. "Now it was an inferior armed force. But if such a conflict is against a formidable armed force such as China or any other western power, we should be able to defend our financial ecosystem equally well," Shanthamurthy said. Live Events He said that currently less than 10 per cent cyber security products used by various enterprises were of Indian origin. Discover the stories of your interest Blockchain 5 Stories Cyber-safety 7 Stories Fintech 9 Stories E-comm 9 Stories ML 8 Stories Edtech 6 Stories "Every medium size enterprise uses 68-80 cybersecurity products, of which only 10 per cent are made in India," Shanthamurthy said, adding that in times of war or a limited conflict there is always a possibility of denial of technology or updates for cyber security products, leaving various enterprises in the country vulnerable to attacks. "Operation Sindoor is a really good wake up call for us to increase and level up our cyber defence," he said. Last month, SISA and CERT-IN released the Digital Threat Report-2024 for the banking, financial services and insurance sector, highlighting the emerging cyber threats and offering practical strategies for emulating and mitigating these risks.
Time of India
4 days ago
- Business
- Time of India
Operation Sindoor wake-up call, need to be self reliant in digital defence: Cybersecurity executive
A cybersecurity executive has warned that India's heavy reliance on imported cybersecurity products poses a significant risk to the banking, financial services, and insurance sector, especially during potential conflicts with formidable adversaries like China. Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads A top cybersecurity executive has cautioned about heavy import dependence in securing the banking, financial services and insurance sector, saying it could be vulnerable if India had to engage in a war against a formidable parallels with Operation Sindoor , Dharshan Shanthamurthy, founder and CEO of SISA, a cybersecurity solutions company, said the defence of India's banking and financial services sector was equally important in times of conflict as any attack on the payment ecosystem could have a crippling effect."We did equally good in terms of defending our digital payment ecosystem, like the way we have defended against drone attacks. I'm sure we would have defended against the cyber attacks as well," Shanthamurthy told said Operation Sindoor should serve as a wake up call for achieving self-reliance in defending India's financial services ecosystem."Now it was an inferior armed force. But if such a conflict is against a formidable armed force such as China or any other western power, we should be able to defend our financial ecosystem equally well," Shanthamurthy said that currently less than 10 per cent cyber security products used by various enterprises were of Indian origin."Every medium size enterprise uses 68-80 cybersecurity products, of which only 10 per cent are made in India," Shanthamurthy said, adding that in times of war or a limited conflict there is always a possibility of denial of technology or updates for cyber security products, leaving various enterprises in the country vulnerable to attacks."Operation Sindoor is a really good wake up call for us to increase and level up our cyber defence," he month, SISA and CERT-IN released the Digital Threat Report-2024 for the banking, financial services and insurance sector, highlighting the emerging cyber threats and offering practical strategies for emulating and mitigating these risks.
