Brining in Newer tech to combat Cyber Threats

Accelerated digital innovation has two sharp edges that slice through the cybersecurity landscape. Companies that are attempting rapid digital transformation in order to compete are merely becoming more open to disruption and theft online. The issue is that cybercriminals are constantly inventing, sometimes even faster than legitimate businesses.

Data poisoning, crypto jacking, and malicious chips are among the most recent cybercrimes to emerge. According to the National Crime Records Bureau (NCRB) data, India reported 52,974 cases of cybercrime in 2021, an increase of over 5 percent from 2020 (50,035 cases) and over 15 percent from 2019 (44,735 cases). Though the Government of India has taken steps for ensuring Cyber Security that include the setting up of the Indian Cyber Crime Coordination Centre (I4C) under the Ministry of Home Affairs to deal with all types of cybercrime, much needs to be done to plug the infrastructural deficit.

For every significant new technology being deployed in the business world, from artificial intelligence (AI) to distributed ledger technology (DLT) to the Internet of Things (IoT), corresponding exploits and malware are being pushed into production. Authentication threats will grow as anytime, anywhere mobile access to anything becomes more prevalent. Attackers will continue searching for implementation weaknesses to exploit as means of confirming mobile user identities develop, moving beyond passwords to fingerprints, faces, and behavioural biometrics (e.g., how a particular user habitually uses their phone and its features). Although evolving authentication methods might not have intrinsic weaknesses, they might be vulnerable if not configured properly. Recent studies point to potential finger print authentication attacks involving artificial intelligence-generated synthetic finger prints.

There are several such vulnerabilities and its appropriate solutions in the market. In this edition we throw light on those solution providers who are hell bent on making the world a safer place to conduct business.