Connecting citizens to the world of internet has become increasingly essential for the development and social progress of a country. With the launch of the Digital India program, the Indian government aims to transform India into a digitally empowered economy and seeks to integrate technology with the everyday life of the citizens.
The scale and evolution of cyber-attacks in the financial services industry need differential protection.. We need the expertise within all levels of the team, along with the blend of process and technology within the organization – Chairman of a leading Financial Services Capital Markets Entity.
As technology becomes all pervasive across organizations, it brings with it the risk of falling victim to cyberattacks — a potent risk that has attracted attention like never before. Are organizations across the corporate landscape alert to this emerging risk that is real? As and when a cybersecurity breach occurs, the severity of its impact will depend on how prepared and proactively engaged the board is with this challenge.
Remember Captain Kirk talking about “Space, the final frontier”? — to explore strange new worlds and boldly go where no man has gone before. As we dawn upon new vistas of technological advancement, the power of the cyberspace seems limitless. Its sovereignty, however, is under constant threat. Different technologies are being introduced every day, often outpacing the ability to properly assess associated risks.
A successful cyber-attack can impact shareholder value, tarnish the brand and reputation, expose the company to litigation, result in loss of competitive advantage, reveal regulatory or legal non-compliance, and result in steep financial consequences in billions of dollars.