LAS VEGAS: CrowdStrike announced innovations with Amazon Web Services (AWS), Intel, Meta, NVIDIA, and Salesforce to secure the future of enterprise AI. By embedding protection with the world’s AI leaders, CrowdStrike is uniting the ecosystem to innovate with AI, secure AI, and lead cybersecurity into the AI era with the CrowdStrike Falcon® platform.

AI is transforming every industry – but it also creates new attack surfaces. Models can be stolen, data poisoned, agents manipulated, and cloud workloads hijacked. The Falcon platform delivers the foundation for securing AI – protecting the environments and models where AI runs, preventing sensitive data from leaving endpoints and cloud workloads, uncovering shadow AI apps and risky integrations, and securing AI agents across the SaaS stack.

Securing AI With the World’s Leaders

CrowdStrike is extending Falcon protection across the AI ecosystem through innovations with the world’s AI leaders:

• AWS – Securing the full cloud AI lifecycle, from build to test, deployment, and runtime, with native integrations in Amazon SageMaker, Amazon Bedrock, and AWS Marketplace.
• Intel – Protecting data at the source with Falcon® Data Protection on Intel NPU technology, and with Dell’s trusted AI PCs, providing a stronger foundation for secure AI adoption.
• Meta – Launching CyberSOCEval, a new suite of benchmarks for evaluating how AI systems perform in real-world security operations.
• NVIDIA – Securing the full AI lifecycle for LLMs and Enterprise AI Factories – from build to runtime to posture management – with the Falcon platform and NVIDIA AI.
• Salesforce – Integrating Falcon® Shield into Salesforce Security Center and bringing Charlotte AI into Agentforce for Security to help customers protect their AI agent, workflows, and applications – uniting business and security teams on a foundation of trust.

“Securing AI is not just about technology – it’s about securing the full ecosystem where AI is built, deployed, and used,” said Daniel Bernard, chief business officer at CrowdStrike. “By embedding protection with the world’s AI leaders, we’re giving enterprises the confidence to adopt AI, innovate with AI, and secure AI, all while delivering revolutionary outcomes.”

CrowdStrike Secures the AI Ecosystem

AI doesn’t live in the network; it lives across the ecosystem where models are built in the cloud and AI Factories, where adoption happens on PCs and endpoints, and where autonomous agents take action. As AI transforms how work gets done, adversaries look for every weak point in the enterprise. By embedding unified protection with the companies driving the AI revolution, CrowdStrike is the cybersecurity center of the AI ecosystem.

To learn more about how CrowdStrike secures AI, visit here.

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Automatically enabled for all Airtel mobile and broadband customers, the advanced system scans and filters links across SMS, WhatsApp, Telegram, Facebook, Instagram, email, and other browsers. It leverages real-time threat intelligence to examine over 1 billion URLs daily and blocks access to harmful sites in under 100 milliseconds.

For instance, if a resident in Pune receives a suspicious message that reads: “Your package is delayed. Track it here: http://www.tracky0urparcell.com”. And if the unsuspecting resident then clicks on the link, Airtel’s system also clicks into gear. It instantly scans the link and if flagged as suspicious, it blocks access. The user is redirected to a warning message that reads: “Blocked! Airtel found this site dangerous!” All this instantaneously. This real-time interception prevents users from falling victim to all kinds of fraud.

Commenting on the initiative, George Mathen, CEO – Maharashtra and Goa, Bharti Airtel, said, “At Airtel, our commitment lies in protecting customers from all varieties of fraud. By merging our network with an AI-based fraud detection solution, we are making certain that our customers are defended against all emerging threats without requiring any effort on their part. We believe it is imperative to take steps today to secure the digital future, and we are proud to be pioneers in this field by providing a comprehensive and safer network for our customers in Maharashtra and Goa.”

With Maharashtra and Goa ranked as one of India’s most digitally advanced states, the threat of online fraud has grown in both its urban and rural regions. Fraudsters increasingly target users through phishing links, fake deliveries, and spurious banking alerts. Cities like Satara, Nashik, Amravati, Ahilyanagar, Chandrapur, Chhatrapati Sambhajinagar, and Akola — as well as remote towns like Jamgaon, Ghoti, Sultanpur, Tippeshwar, among others— have seen a sharp rise in such fraudulent attempts. Airtel’s solution acts as a statewide digital shield, protecting families, senior citizens, homemakers, students, and first-time smartphone users alike.

The AI-driven platform delivers fraud warnings in the user’s preferred language, including Marathi, making it highly effective for the state’s diverse population. This multilingual support is especially impactful in districts with low digital literacy or where English is not widely used.

The solution operates silently in the background, requires no installation, and is offered free of cost. Maharashtra and Goa at the forefront of digital adoption — from online banking to government e-services — and Airtel’s initiative plays a critical role in creating a safer digital ecosystem across the state. Whether it’s a working professional in Satara, a homemaker in Nashik, a tourist in Goa, or a student in Ahilyanagar, Airtel helps make every digital interaction safer.

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INDIA: Security is more than just a measure of protection—it is the foundation of peace of mind and lasting happiness. The latest ‘Happiness Survey’ conducted by the Security Solutions Business of Godrej Enterprise Group reveals that an overwhelming 98% of individuals who experienced a security breach in their homes reported a direct impact on their overall sense of security and happiness. More alarmingly, 56% of these respondents admitted that the breach had a significant to extreme effect on their well-being.

With a concerning 35% of respondents having faced incidents such as break-ins, robbery, and burglary, the findings underscore an urgent need for enhanced security adoption. The survey delves into what fosters a true sense of security, with 41% of respondents opting for home lockers (Tijori), 45% citing surveillance cameras as the top measure to make them feel more secure, followed by 36% emphasizing the presence of security guards, 29% preferring alarm systems, and 20% highlighting the role of video door phones.

Commenting on the findings, Pushkar Gokhale, EVP and Business Head, of Security Solutions Business of Godrej Enterprise Group, said, “The strong link between security and happiness is evident in our survey findings. A secure environment fosters a happier and more confident society. The increasing adoption of security technology is not just a trend but a necessity for enhancing the quality of life. At Godrej, we continue to innovate and offer solutions that empower individuals to protect what matters most, enabling them to lead happier, worry-free lives.”

Security is not just about physical protection; it directly correlates with emotional and psychological well-being. When individuals feel unsafe, it affects their day-to-day life, productivity, and mental peace. The survey findings reiterate that ensuring home security is a fundamental step toward achieving true happiness. Whether safeguarding homes, protecting valuables, or simply instilling confidence in daily routines, home security plays a critical role in shaping an individual’s overall sense of well-being. The survey findings highlight a positive shift in awareness, as more individuals recognize the importance of proactive security measures. The preference for modern security solutions such as AI-enabled surveillance cameras, alarm systems, and smart video door phones indicates a growing inclination towards integrated security solutions that provide real-time protection and deterrence against potential threats.

As security becomes synonymous with happiness, individuals, families, and communities must take proactive steps to fortify their environments. The Security Solutions Business of Godrej Enterprise Group remains committed to driving awareness and equipping people with the necessary tools to transform security into a catalyst for long-term peace and happiness.

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The world of Information Technology (IT) security has been under constant evolution, facing growing threats as cyberattacks become increasingly sophisticated. From ransomware to data breaches, the need for more robust security solutions has never been greater. Amid this rising demand, Blockchain technology has emerged as a transformative force, offering innovative solutions to safeguard digital assets, transactions, and data. But how exactly is blockchain shaping the future of IT security?

Understanding Blockchain in the Context of IT Security

Blockchain, often associated with cryptocurrencies like Bitcoin and Ethereum, is a decentralized and distributed ledger technology. At its core, it’s a system for securely recording transactions across a network of computers (or nodes) in such a way that it is virtually impossible to alter or tamper with the recorded data. Each “block” in the chain contains a list of transactions, and every block is linked to the previous one, forming an immutable chain.

This feature of immutability, combined with decentralized consensus mechanisms, makes blockchain a powerful tool for enhancing IT security. Let’s dive deeper into how blockchain is making waves in the IT security landscape.

1. Enhancing Data Integrity and Transparency

One of the primary benefits of blockchain technology is its ability to provide data integrity. Once information is recorded in a blockchain, it becomes incredibly difficult to change or erase, due to its cryptographic and consensus-based mechanisms.

In the context of IT security, this ensures that data cannot be tampered with or falsified. Whether it’s personal data, financial records, or critical system logs, blockchain provides an immutable trail that can be audited and verified. For enterprises, this reduces the risk of data manipulation and provides transparency in the handling of sensitive information.

Use Case: Secure Document Storage and Verification

Blockchain can be used for storing sensitive documents, such as contracts, intellectual property, or regulatory compliance records. When a document is uploaded onto a blockchain, it is hashed (a form of encryption), and the hash is stored on the blockchain. This ensures that any future attempts to alter the document will be immediately apparent, as the hash will no longer match the original.

2. Decentralized Identity Management

Identity theft and unauthorized access to systems are among the most common forms of cyberattacks today. Traditional identity management systems rely on centralized authorities, such as government agencies or corporations, to verify and authenticate users. However, these centralized systems present a single point of failure, making them vulnerable to hacking or insider threats.

Blockchain offers a decentralized alternative for identity management, where individuals have control over their own identity data, stored securely on the blockchain. This decentralized approach eliminates the need for intermediaries and provides users with self-sovereign identity (SSI), ensuring greater privacy and security.

Use Case: Blockchain-based Authentication

Blockchain can provide a secure, cryptographic-based method for verifying user identities. Instead of relying on passwords or centralized databases, a user could authenticate themselves with a cryptographic key stored on the blockchain. This method, often known as “public key infrastructure” (PKI), is much more secure because the private key never leaves the user’s device, and the blockchain’s decentralized nature ensures no central authority is responsible for managing the identity.

3. Secure Transactions and Smart Contracts

Blockchain is widely known for its role in cryptocurrency transactions, where it ensures the authenticity and integrity of financial transfers. However, beyond simple peer-to-peer transactions, blockchain also supports more advanced features like smart contracts—self-executing contracts with the terms of the agreement written directly into code.

Smart contracts operate autonomously and ensure that the terms of a contract are met before any action occurs. In terms of IT security, this means that processes and transactions can be automated in a way that reduces human intervention, limits errors, and ensures that all actions are traceable and secure.

Use Case: Supply Chain Security

Blockchain-based smart contracts can play a pivotal role in securing supply chains. Each step in the supply chain can be recorded on the blockchain, from manufacturing to delivery. A smart contract can automatically trigger a payment once a certain condition is met, such as delivery confirmation, eliminating the possibility of fraud or disputes.

4. Protection Against Distributed Denial-of-Service (DDoS) Attacks

Distributed Denial-of-Service (DDoS) attacks are one of the most common types of cyberattacks, wherein an attacker overloads a target system or network with a flood of traffic to make it unavailable to legitimate users. Blockchain can help mitigate these attacks by distributing the network load across a decentralized structure, making it harder for malicious actors to overwhelm a single point of failure.

Use Case: Blockchain-based Web Hosting

Decentralized cloud computing platforms, powered by blockchain, can help mitigate DDoS attacks by using a distributed network of nodes to host web applications and services. The redundancy provided by blockchain’s decentralized architecture ensures that if one node is attacked or compromised, others can continue to function, thereby minimizing downtime and service disruption.

5. Enhancing Security in Internet of Things (IoT) Networks

The rapid growth of Internet of Things (IoT) devices has introduced a host of new vulnerabilities into IT environments. Each IoT device is a potential entry point for cybercriminals, and ensuring the security of these devices is a major challenge.

Blockchain can play a significant role in securing IoT networks by providing a decentralized and tamper-proof method of device authentication, data exchange, and access control. By recording device interactions and transactions on a blockchain, the network becomes more resilient to unauthorized access and cyberattacks.

Use Case: Blockchain for IoT Device Authentication

In IoT environments, blockchain can be used to store and authenticate the credentials of devices. A blockchain-based authentication system ensures that only verified devices can connect to the network, and each transaction or data exchange between devices is logged securely on the blockchain, making it more difficult for hackers to manipulate or intercept communication.

6. Blockchain for Secure Voting Systems

Traditional electronic voting systems have been subject to security concerns, such as voter fraud, tampering with results, or hacking. Blockchain technology offers a solution by providing a secure, transparent, and verifiable voting process.

Each vote can be recorded as a transaction on the blockchain, creating an immutable record that is visible to all stakeholders, ensuring transparency. Blockchain’s inherent security features make it nearly impossible to alter voting results once they are recorded, improving the overall trustworthiness of the electoral process.

Use Case: Blockchain-based Voting in Elections

In blockchain-based voting systems, each voter’s identity is verified using blockchain-based digital credentials, and their vote is recorded as a transaction on the blockchain. Once the vote is cast, it cannot be altered or deleted, and the final tally can be publicly audited in real-time, offering an unprecedented level of security and transparency.

Conclusion: Blockchain’s Future in IT Security

As cybersecurity threats continue to evolve, traditional security measures alone may no longer be sufficient. Blockchain is offering a new paradigm for IT security, characterized by decentralization, immutability, and transparency. From data integrity and identity management to secure transactions and DDoS protection, blockchain has the potential to significantly transform how organizations approach cybersecurity.

While blockchain is still an emerging technology, its application in IT security is poised to grow in the coming years. As more industries adopt blockchain-based solutions, we can expect a future where IT security is not only more robust but also more transparent and user-centric. The decentralized nature of blockchain is already making it a cornerstone of next-generation security frameworks, and its influence is only set to expand.

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NEW DELHI: The Security Solutions business of Godrej & Boyce, a part of the Godrej Enterprises Group, has once again set the benchmark in security innovation by presenting its latest offerings at IFSEC India 2024, South Asia’s largest security expo held at New Delhi, from 12^th to 14^th December. The company showcased a robust portfolio of state-of-the-art home and institutional security solutions, reflecting its commitment to enhancing safety and redefining the security experience for users.

Commenting on the occasion, Pushkar Gokhale, Executive Vice-President and Business Head of the Security Solutions Business at Godrej & Boyce, stated, “With the growing demand for sophisticated Security solutions, IFSEC India remains an invaluable platform for us to demonstrate our expertise, showcase our latest innovations, and connect with industry leaders, partners, and customers. At Godrej, we are deeply committed to delivering peace of mind and confidence to our customers, through user-centric products that address the evolving security needs of modern consumers. Backed by over a century of trust, the Security Solutions business has achieved a robust presence in India and over 50 countries across the Globe. The Surveillance industry is growing rapidly and is poised to reach US$ 4.3 billion by the end of this year and we at Godrej would like to increase our participation in this growing Surveillance market.“

“Our innovative offerings serve diverse segments, including home, office, and institutional needs, ensuring solutions that combine advanced technology with seamless functionality with Technologies like AI and IoT. This year’s lineup at IFSEC India 2024 reflects our vision to push boundaries, drive innovation, and create meaningful value for our customers. We are looking at an annual growth of 15% in this dynamic sector.”

Taking home security to the next level, the company introduced the Ace Pro range of home cameras, designed to meet the needs of modern homes. These cutting-edge cameras offer advanced functionality with upto 5 MP HD Resolution, seamless integration with smart home ecosystems, and a sleek design that makes them an excellent gifting choice. As electronic home surveillance systems (EHSS) gain popularity, the Ace Pro range is perfectly aligned with the aspirations of tech-savvy homeowners seeking the ideal blend of security, convenience, and aesthetics. Adding to its innovative home security offerings, Godrej unveiled dual and triple locking mechanism lockers. Designed to cater to users of all age groups, these lockers are particularly in demand during the wedding season, ensuring secure and stylish storage for valuables. Furthermore, Godrej has introduced the VDP SEETHRU Pro Nova with a 10-inch wide screen where homeowners can attend to their guests with ease and view them in HD resolution on the 10-inch screen

Security Solutions Business of Godrej & Boyce also emphasized its prowess in institutional security with a range of products designed to secure workplaces and streamline access control. The lineup includes; Pole Detectors for robust perimeter security, Key Management Systems (KMS) to safeguard and organize critical keys, Swing Lane Barriers, Flap Barriers, Tripod Turnstiles for efficient movement management, and G Scan pole to scan the complete body to detect phones, laptops, guns, and other items

With a strong legacy and commitment to innovation, Godrej’s Security Solutions business continues to set benchmarks in the industry. The company’s participation in IFSEC India 2024 underscores its vision of empowering users with intuitive, reliable, and advanced security systems to protect what matters most.

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INDIA: Leading telecom operator Vi, today announced a significant step forward in protecting its users from spam. Starting today, the company is introducing a spam management solution powered by AI and ML. This new solution is designed to proactively detect and flag potential spam messages through a machine-based automated solution, helping Vi users maintain a secure and clutter-free mobile experience. Since its initial testing phase, the solution has already flagged over 24 million spam messages.

With spam messages on the rise, which are often used as a gateway to fraud, Vi’s Spam SMS solution will safeguard customers by identifying and managing unsolicited and potentially harmful text in real-time.

Speaking on the development, Jagbir Singh, CTO, of Vodafone Idea Limited, said: “As more customers embrace digital communication, we recognize the growing threat posed by SMS-based spams and potential scam attempts. Our AI-powered spam detection technology reinforces our commitment to customer safety by delivering proactive, real-time protection. Vi is focused on staying ahead of these threats and empowering customers with information to make their mobile experience safer.”

As part of its broader commitment to customer safety and experience, Vi is continuously working to develop solutions to curb spam, including voice calls, to ensure its users are further protected from unsolicited calls. These measures are in addition to various existing solutions and practices including making the mobile-app URL simple to use for filing spam complaints by enabling automatic pick up of spam content (SMS), sender number, and date, as well as whitelisting URLs in brand messages. Vi also uses insightful consumer feedback and complaints in conjunction with UCC (Unsolicited Commercial communication) detection, which identifies bulk call patterns (such as calls made from a single number to many distinct numbers) and limits their use to stop further abuse.

Recognizing the importance of customer education, Vi also regularly runs customer awareness campaigns to help users spot phishing attempts, report spam, and encourage overall caution. 

How Vi’s SMS spam solution works:

1. Real-time analysis: The system continuously analyzes incoming SMS messages using AI algorithms trained on millions of examples, identifying potential threats, including fraudulent links, unauthorized promotions, and identity theft attempts. Real-time monitoring allows for immediate action against suspicious activities.
2. Pattern Recognition: By leveraging sophisticated machine learning algorithms, the predictive system learns from incoming data patterns such as phishing links, unusual sender details, and phrases commonly used in spam messages to enhance its detection capabilities over time.
3. Spam tagging: Messages identified as spam will be tagged as ‘Suspected Spam’, to instantly warn the users, helping them make informed decisions about their communications. This intelligent approach not only enhances security but also ensures that genuine communications aren’t lost in a sea of unwanted messages.
4. Continuous improvements: Via Machine Learning, it will continually improve by adapting to new spam trends, improving accuracy and effectiveness. This means it evolves and adapts to new types of spam as they emerge, shielding users from new threats.

Benefits for customers

1. Enhanced safety: By flagging potentially harmful spam, the service empowers customers with the information of suspected spam messages, thus protecting them from potential phishing and scam attempts.
2. Seamless integration: The service is automatic and requires no setup, app installation, or payment from customers.

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MUMBAI: The Happiness Survey by Security Solutions business of Godrej & Boyce, part of Godrej Enterprises Group, unveiled that an overwhelming 70% of respondents cited safety and security as their primary concern when leaving their children at home, surpassing health emergencies and emotional well-being that stood at 57% and 44% respectively. This Children’s Day, the brand underscores the critical connection between robust home security and the peace of mind that allows families to thrive.

The survey’s findings reveal that parents increasingly depend on modern and convenient security solutions to alleviate the stress associated with balancing work and family responsibilities. Home cameras emerged as the top measure of instilling confidence, chosen by 40% of respondents, while other technologies like remote monitoring systems are becoming key enablers of trust and reassurance. Such insights point to a shift where home security has evolved beyond just physical protection to being integral to emotional and mental well-being.

Reflecting on these findings, Pushkar Gokhale, EVP, and Business Head, Security Solutions Business of Godrej & Boyce, stated, “At Godrej, we understand that a secure home is not just a physical asset but a crucial component of a family’s happiness and peace of mind. Our ‘Happiness Survey’ highlights that 70% of parents view home security as a top concern, directly linking the peace of mind that safety brings to their daily happiness. This Children’s Day, we encourage parents to consider the benefits of advanced security solutions designed to provide robust protection while fitting seamlessly into the modern home. The survey emphasizes that investing in home security is not only about asset protection but also about creating an environment where families can thrive without worry. With Godrej’s commitment to security, parents can focus on what truly matters—spending quality time with their children and loved ones.”

As urbanization accelerates and dual-income households become the norm, the need for advanced security solutions has never been greater. The company’s comprehensive range of products, including CCTV and Wi-Fi cameras, video door phones, and state-of-the-art alarm systems, are designed to meet these growing needs. This enables parents to step out for work or other commitments reassured that their loved ones are safeguarded.

The Security Solutions Business of Godrej & Boyce has a longstanding commitment to security, especially for the children, is evident through its extensive work in educational environments, with nearly 1,300 CCTV cameras deployed across schools nationwide, including institutions like Shanthinektan, Unicent School, and Rama Devi Public School. These efforts not only protect physical spaces but also reinforce trust in the brand’s dedication to safety.

The “Happiness Survey” engaged 2,400 respondents, including individuals between the ages of 18 and 45+, with a 45% male and 43% female demographic split. The survey was conducted in 12 cities, including Delhi, Mumbai, Bangalore, Kolkata, and Chennai, spanning North, South, East, West, and Central India, providing a comprehensive view of consumer perspectives on security and happiness across the country.

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INDIA: Protectt.ai, a leader in Mobile App Security in India and an innovative cyber security firm delivering RASP (Runtime mobile App Self Protection) Mobile App Security XDR platform, has announced the launch of ApiProtectt. It offers advanced protection features specifically designed to safeguard Banking and Financialmobile application APIs against evolving cyber threats and data leakage.

In the rapidly evolving digital landscape, securing APIs is paramount to protecting sensitive data and maintaining the integrity of Mobile Apps. APIs serve as the backbone of mobile applications, enabling seamless communication between the client and server. 

API vulnerabilities can serve as entry points for fraud and data leakage, posing significant risks to both businesses and customer trust. ApiProtectt provides seamless Mobile App API protection preventing unauthorized access, securing data transmission, and mitigating risks associated with cyber-attacks. By prioritizing API security, businesses can protect themselves against fraudulent activities and data breaches, ensuring compliance with regulatory standards and maintaining the integrity of their digital ecosystem.

Key Features of ApiProtectt Include:

• Real-Time Threat Detection: Advanced monitoring and analytics to identify and respond to security threats instantly.
• Comprehensive Protection: Defense against common threats such as data breaches, malware, and fraud.
• API Protection: Secure APIs with advanced threat detection, behavioral analysis, and continuous monitoring to prevent unauthorized access and data breaches.
• Bot Mitigation: Detect and block malicious bots with sophisticated algorithms, protecting against automated attacks and ensuring legitimate traffic.
• Enhanced Security Protocols: Secure communication channels, encryption, and access controls to protect sensitive information.
• User-Friendly Interface: Easy integration and management to streamline security operations for businesses of all sizes.

“Our mission has always been to set new standards in mobile app security”, said Manish Mimani, Founder & CEO of Protectt.ai. “With the launch of ApiProtectt, we are reinforcing our commitment to providing state-of-the-art security that protects our clients’ mobile applications from evolving Mobile Cyber Threats. We are excited to offer ApiProtectt to our clients and partners, equipping them with the tools they need to ensure their mobile apps are secure and resilient to protect against data breaches and frauds.”

Protectt.ai continuously takes steps ahead in innovation, ensuring that mobile app security remains robust and adaptive to emerging cyber threats. By providing cutting-edge solutions like ApiProtectt, Protectt.ai empowers banks, financial institutions, and other critical sectors to serve their customers better. This commitment to innovation not only enhances the security of mobile applications but also helps these organizations build trust and reliability with their clients by safeguarding sensitive information and ensuring seamless and secure digital transactions.

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However, the rise in digital payments has also led to a rise in online fraud. In the past three years alone, online scams have caused a collective loss of Rs. 1.25 lakh crore. In response, the Reserve Bank of India (RBI) has established various committees focused on protecting individuals and businesses, and the financial sector is increasingly turning to cutting-edge technology to tackle these threats.

Technology plays a crucial role in safeguarding businesses from online fraud while enabling them to benefit from the country’s growing digital economy.

Akash Sinha, CEO & Co-Founder, of Cashfree Payments, said, “In today’s digital landscape, prioritizing safety and security against fraudulent transactions is crucial for businesses to avoid financial losses and protect their reputation. Leveraging technology-driven innovations that use AI and ML algorithms can significantly enhance defenses against fraud. These advanced solutions are transforming the security framework for online transactions in India, providing merchants with unmatched protection and peace of mind.”

Today, secure payment solutions are required to protect businesses from fraud-related losses and build trust with customers.

“Many businesses either overlook the importance of fraud and risk detection tools or use ones that can’t stop fraudulent transactions in real time. Additionally, creating effective fraud solutions often requires special certifications. However, it’s crucial to recognize that when customers feel secure about their transactions, they’re more likely to make repeat purchases and recommend the business to others, which drives growth.”, Akash added.

Payment solutions that are technology-driven have complete risk management capabilities.  Data security measures like encryption and tokenization ensure that all customer data is protected, reducing the chances of data breaches. Furthermore, robust risk management systems can assist companies in meeting regulatory obligations, thereby reducing additional risks.

Sinha further said, “At Cashfree Payments, we have built ‘RiskShield’ through extensive research to provide businesses with a comprehensive risk management solution to combat cybercrime. Designed to address issues such as high chargebacks and fraud, RiskShield is effective across various sectors including financial services, e-commerce, and travel. Utilizing advanced AI and ML algorithms, RiskShield helps businesses reduce fraudulent activities by up to 40%.”

In the modern business world, companies can only succeed if they begin to invest in sophisticated fraud detection systems, secure payment gateway technologies, and extensive customer verification procedures.

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INDIA: Leading telecom operator Vodafone Idea (Vi), today announced that it has achieved SOC2 Type II attestation. Currently, the only telecom operator in India to complete the SOC 2 Type II attestation, this marks Vi’s commitment to maintaining the highest standards of data security and safeguarding sensitive client information and their privacy, while mitigating Distributed Denial-of-Service (DDoS) attacks.

Awarded after a stringent evaluation process conducted by AICPA (Association of International Certified Professional Accountants) registered independent CPA and VISTA InfoSec is based on the SOC 2 “Trust Service” for managing customer data on key parameters like security, availability, processing integrity, confidentiality, and privacy. The attestation demonstrates a company’s ability to not only implement critical security policies but also prove compliance over an extended period.

The SOC 2 Type II audit confirms that Vi’s internal controls, policies, and procedures conform to stringent security and operational standards. This implies that Vi has a robust design and operating effectiveness of its security controls along with the highest level of DDoS protection. It has a faster detection and response to any sort of security threat and thus is a reliable service provider for all businesses

Vi received SOC2 Type 1 attestation in 2022, which endorsed that the services provided by Vi to its customers are fully secure and compliant. Now with, SOC2 Type 2 attestation, it confirms that the company has been consistently adhering to the security processes and measures for 6 to 12 months.

Commenting on this attestation, Mathan Kasilingam, CTSO, Vi said, “Our customers trust us with their most sensitive and confidential data. This attestation reaffirms that our security measures meet best-in-class standards, thereby providing our customers with added confidence that their data is in safe hands.”

“SOC 2 compliance reflects our ongoing dedication to evolving our security practices alongside the ever-changing threat landscape. The support and commitment provided by the Vi team was remarkable and commendable,” added Narendra Sahoo, Founder & Director of VISTA InfoSec.

Vi remains steadfast in its mission to deliver innovative solutions while upholding the highest standards of integrity and security. With data security becoming increasingly critical in today’s digital landscape, Vi consistently makes efforts to strengthen its security posture and validate its position as a trusted custodian of customer data.

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