Eight Key Cybersecurity Considerations for 2024

1. Meet customer expectations, and improve trust – With cyber threats and data privacy concerns growing, CISOs should be seeking to work closely with stakeholders across the organization to maintain trust by ensuring operations are resilient in the event of an accident.
2. Embed cybersecurity and privacy, for good – The act of embedding security across the organization should be viewed as an exercise in driving operational excellence.
3. Navigate blurring global boundaries – A central consideration that organizations should examine is how to most effectively navigate the increasingly complex global business landscape to ensure resilience and business continuity.
4. Modernize supply chain security – Despite the challenges and competing priorities, ensuring the supplier and partner ecosystem is secure should not be a bottleneck; it should be a business enabler.
5. Unlock the potential of AI – carefully – Security and privacy leaders should be supporting the business objectives reliant on AI and determine how to harness this game-changing technology effectively and responsibly.
6. Supercharge security with automation – As operating models digitize, security teams should automate and update their processes to keep pace.
7. Make identity individual, not institutional – Driven by expanding business models, it’s vital that organizations now view identity not in isolation but from a broad perspective.
8. Align cybersecurity with organizational resilience – Organizations should find a way to create a broad-ranging culture of resilient security throughout the enterprise and seek to ensure all stakeholders are on the same page.

Cyber Strategies for 2024

Following are some recommendations for CISOs to consider as they seek to accelerate recovery times, reduce the impact of incidents on employees, customers, and partners, and aim to ensure their security plans enable — rather than expose — the business.

People

• Connect with your organization’s ESG team to determine whether they consider cyber a key aspect of their mandate. If not, work to build awareness of how and why it’s important to all three areas of ESG
• Bring a new perspective to the board on what could disrupt the business and what should be done to manage those risks without impacting operations and customer experience.
• Foster organization-wide behaviors and cultural alignment to prioritize what truly matters to the organization in terms of data, services, and infrastructure.

Process

• Run the cyber team like a business, which means you must give up a degree of control over what other parts of the organization are doing from a security perspective.
• Define your initial vision and strategy for automation.
• Enhance transparency to build trust across global supply chains
• Take a risk-based approach to assessing third-party processes rather than a blanket approach

Data and Technology

• Identify what data the organization has centrally accessible and define an automated continuous controls monitoring plan
• Ensure the purpose of AI algorithms, whether developed in-house or externally, is clearly defined and documented and training data is relevant, appropriate for the business objective, and secure consent
• Leverage intelligent automation to gain higher visibility into the changing supplier risk profiles and build a sustainable and scalable forward-looking third-party program.

Regulatory

• Sharpen your global regulatory intelligence around cyber in general and ESG and privacy in particular to ensure timely compliance and reporting
• Align your AI framework with current standards and develop solid AI governance by aligning the priorities of the various business leaders in the organization
• Maintain an understanding of the global regulatory landscape

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Speaking of the ‘splinternet’ concept, Dr. Pant pointed out, “Because of this splinternet and lack of cooperation between nations, the criminals are taking advantage as there are no international laws and regulations which help the agencies for solving cybercrimes,” he pointed out.

“The World Economic Forum has been saying that cybercrime is the biggest manmade risk to the economic progress of a nation. Last year the total loss was estimated to be $ 6 trillion,” Dr. Pant said.

Discussing India’s role in dealing with cybercrime, Dr. Pant said, “At the national level, we created the National Counter Ransomware Task Force under the Ministry of Home Affairs. Other national-level initiatives include the Indian Cybercrime Coordination Centre which handles the cybercrime portal cybercrime.gov.in where one can report cyber crimes.”

He said, “India also has the National Critical Information Infrastructure Protection Centre (NCIIPC) which has about 580 people that monitor and predict cyber threats. Some 7 critical sectors have been identified out of which 2 supercritical ones are power and telecom.”

Talking about international-level solutions for cybercrime, Dr. Pant said that like-minded nations including India, Australia, the UK, and the US, were getting together. “We have created an International Counter Ransomware Task Force where perpetrators are put under sanctions. It has saved about $150 million,” he mentioned.

Closing his speech, Dr. Pant highlighted the three hard truths of cyber security – vulnerability, cyber-attacks, and attribution. He added that the two mantras for the post-Covid digital world were: personal health and cyber hygiene.

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HYDERABAD: NASSCOM, the premier trade body and chamber of commerce of the Tech industry in India, has today hosted an insightful panel on the democratization of software development through Low Code and No Code technology. The tools gained massive acclaim worldwide for their ability to simplify software development. The NASSCOM panel scrutinized how LCNC is reshaping software development through its ability to deliver new capabilities with lower dependence on developers. Quixy, a leading No-Code technology platform from Hyderabad, in its expert capacity, was invited to share insights on the phenomenon of citizen development and to break down the myths surrounding this novel technology.

During the panel, Guruprasad Pammi, Head, of Customer Success, at Quixy, said “There’s a rapidly growing receptivity in India and overseas for no-code technology owing to its efficiency. At Quixy, we have recorded a growing trust from customers, who have evolved from deploying no-code for simple use cases to more complex and integral functions. Quixy works with over 15 industries that have exploited novel technology to digitize their functions in the nimblest and most cost-efficient way. It is crucial for the government and the IT ecosystems across industries to leverage the opportunities for growth posed by LCNC technologies.”

The panel also witnessed the active participation of Siddhartha Mohanty, Co-founder & CTO, of ARETEANS, and Manne V. Chowdary, Founder & CEO, AmpleLogic. The panel also widely discussed the success stories born out of the incorporation of NCLC technology into organizational functions.

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BENGALURU: In a joint effort to promote online safety, the Indian Computer Emergency Response Team (CERT-In), the Ministry of Electronics and Information Technology (MeitY), the Government of India, and Koo join hands to raise awareness (#CyberSecurityAwareness) about cybersecurity attacks, frauds, and crimes on the occasion of Safer Internet Day(#SaferInternetDay) observed every year on the first Tuesday in February 2023. The collaboration efforts will help to sensitize internet users about safe online practices through posting infographics, videos, and awareness campaigns on the @KooPolicy, @KooForGood, and @IndianCERT official social media handle.

As the use of social media continues to skyrocket, it is essential for social media intermediaries like Koo to take responsibility and ensure a safer online experience for their users. In 2022, India saw over 13 lakh cyberattack incidents, making cybersecurity a key concern of all sectors.

Koo, a user-friendly and transparent micro-blogging platform, has a strong commitment to user safety online. The company has previously joined forces with CERT-In during the National Cyber Security Awareness Month in October 2022 (#NCSAM2022) to educate and train over 4,000 young people from colleges across India on cyber security best practices.

Dr. Sanjay Bahl, Director General, CERT-In, said, “Cybersecurity is one of the three focus areas of the Digital Economy Working Group during India’s G20 Presidency, and as part of the Presidency, the Hon’ble Minister for Electronics & Information Technology, Communications, and Railways, Shri Ashwini Vaishnaw, has launched the “Stay Safe Online” campaign. With the exponential increase in the number of internet users in India, it is crucial to raise awareness regarding cyber hygiene among citizens and for them to stay safe in the online world. In this journey of inclusiveness and the spirit of Vasudhaiva Kutumbakam, Koo is a natural partner to reach out to citizens in their local language for this awareness.”

Aprameya Radhakrishna, Co-founder & CEO of Koo, said, “At Koo, we understand the importance of creating a safe and secure online space for our users to express themselves freely. Our unwavering commitment to providing a safer internet experience is evident in our range of safety features, including a verification process, a reporting and blocking feature, deep technologies and teams dedicated to moderating content, and data protection through encryption. We have best-in-class processes to ensure the community’s safety. We believe that every individual should have the right to express their thoughts without having to worry about cyber threats, and we are committed to our efforts towards a more responsible and secure online community.”

On Safer Internet Day, Koo is taking the lead as a responsible social media intermediary to curb cyber-attacks by driving awareness through education. This partnership reinforces the company’s commitment to providing a secure and safer internet experience.

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