by admin | May 25, 2021 | Corporate, Corporate Buzz, Economy, Finance, Markets, News
Bengaluru : Companies in India receive a whopping 500,000 security alerts every day and 39 per cent of them, or up to 200,000 alerts, go unattended due to lack of required skill sets, said a Cisco study released on Wednesday.
The number of security alerts that companies in India get is nearly thrice the number of alerts faced by global companies, according to the study, “Cisco 2018 Asia-Pacific Security Capabilities Benchmark Study”.
“As India is taking huge strides in transforming into a digital economy, cybersecurity threats could pose a serious risk for its success,” Vishak Raman, Director, Security, Cisco India and Saarc, said in a statement.
“Companies and governments alike should consider adopting advanced security technologies that include Machine Learning and Artificial Intelligence capabilities and also look at bridging the gap of skilled cybersecurity professionals in the country through relevant training and support,” Raman said.
Interestingly, India witnesses the second-highest instances of legitimate threats in the Asia-Pacific region behind Australia, the findings showed.
While Australia sees 65 per cent legitimate cybersecurity threat, India is at par with the regional standard at 44 per cent.
So a whopping 56 per cent of the investigated alerts in India turn out to be false, adding to the burden of existing security defenders who need to ensure that they are working on the right alerts.
Indian breaches, however, caused a lower financial impact as compared to its regional counterparts, with 27 per cent of the Indian respondents reporting the cost of a breach to b less than $100,000. A fifth of them reported a breach cost between $5 million and $10 million.
The cost of a breach is highest in Australia, with 52 per cent reporting that an attack costs between $1 and $5 million, compared to Japan (23 per cent) and India (25 per cent), added the report, based on insights on security practices from more than 2,000 respondents across 11 countries.
The security breaches include costs from lost revenue, loss of customers and out of pocket expenses among other things.
—IANS
by admin | May 25, 2021 | Muslim World
The Abuja National Mosque, Nigeria
New Delhi:(IANS) Over 100 Indian companies will take part in a three-day show from Tuesday in Nigeria’s capital Lagos to showcase their expertise and promote ‘Brand India’.
The show from August 25 “will be an excellent opportunity for Indian and Nigerian companies to meet and enter into business partnerships, joint ventures and technology transfer”, the Confederation of Indian Industry (CII) said in a statement here.
The Indian High Commission and industry chamber CII have jointly organised the show, which will see the participation of Indian companies like Airtel, Mahindra and Mahindra, Bajaj Auto, Tata Motors, Godrej & Boyce, Kirloskar, Power Grid Corporation, TVS Motors, Escorts and BEML.
The companies will showcase their expertise in agriculture, farm and construction equipment, electricity, infrastructure, roads, highways and ports, automobiles, auto components and information and communications technology, among others.
Nigeria, with a population of 175 million, has emerged as political and economic powerhouse in Africa and is currently a key trading partner of the US and China.
Nigeria’s trade with India has also shown significant increase of 2.5 percent to $16.98 billion on the back of large crude oil exports.
During 2013-14, India’s imports from Nigeria, mainly consisting of petroleum and crude products, stood at $14.31 billion.
India’s exports to Nigeria have grown gradually in the last few years — from $1.08 billion in 2007-08 to $2.66 billion in 2013-14, the CII said.
In a statement issued in Lagos, the Indian high commission said: “Over a 100 companies are currently operating in Nigeria that are owned and/or operated by Indians or Persons of Indian origin.”
These include Bharti Airtel, Indorama, Olam International (now registered in Singapore), Tata, Bajaj Auto, Birla Group, Mahindra and Mahindra, Ashok Leyland, NIIT, ApTech, New India Assurance, Bhushan Steel and Dabur.
Another 15 Indian companies are currently operating in Nigeria’s power sector. The pharmaceuticals, steel and power transmission sectors in the west African nation are also dominated by Indian companies.
by admin | May 25, 2021 | World
By Francis Kokutse
Lagos:(IANS) Around 50 Indian companies, including Godrej, Airtel and Kirloskar, will take part in a show organised by the Indian High Commission here from August 25 to 27 to showcase their expertise and promote “Brand India”.
The show will be organised in association with the Confederation of Indian Industry (CII).
The companies will showcase their expertise in agriculture, farm and construction equipment, electricity, infrastructure, roads, highways and ports, automobiles, auto components, and information and communications technology among others.
The show “will be an excellent opportunity for Indian and Nigerian companies to meet together to enter into business cooperation”, said a statement issued by the high commission.
The organisers said the show was being held in Nigeria, as the country with a population of 175 million was “a political and economic powerhouse” in Africa.
Nigeria is currently a key trade partner of the US and China.
Nigeria was among the fastest growing economies in the past decade with an annual growth rate of 6.7 percent. Trade with India has also shown significant increase of 2.5 percent to $16.98 billion due to large crude oil export, the organisers said.
India’s exports to Nigeria have grown gradually in the last few years — from $1.08 billion in 2007-08 to $2.66 billion in 2013-14, the high commission said.
“During 2013-14, India’s imports, mainly consisting of petroleum and crude products, stood at $14.31 billion as against $13.82 billion in 2012-13,” it added.
The high commission said “over a hundred companies are currently operating in Nigeria that are owned and/or operated by Indian or Persons of Indian origin”.
Some of these companies are Bharti Airtel, Indorama, Olam International (now Singapore registered), Tata, Bajaj Auto Birla Group, Mahindra and Mahindra, Ashok Leyland, NIIT, ApTech, New India Assurance, Bhushan Steel, and Dabur.
Another 15 Indian companies are currently operating in Nigeria’s power sector. Pharmaceuticals, steel and power transmission are also dominated by Indian companies.
(Francis Kokutse can be contacted at fkokutse@gmail.com)
