Indian companies sleep over data about hacking

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Source: National Cyber Security – Produced By Gregory Evans

dian enterprises have done little to share information on cyberattacks, at a time when the US is in the middle of deciding on the Cyber Security Information Sharing Act that would make the process easier. India’s enterprises, startups and government are concerned about cybersecurity, but are not giving enough thought to share information, said Bryce Boland, Asia-Pacific CTO at cybersecurity firm Fire-Eye. “Information sharing is absolutely critical to cybersecurity,” he said. For instance, when one shares the information, it helps the other to prepare against a similar threat. “If you are an attacker and you know something that nobody else knows, you can take advantage of that as long as nobody knows or understands what you are doing,” Boland told ET. The more tangible benefit of sharing information is that it would bring down costs significantly for the entire business community, said Boland. When enterprises work in isolation, each would end up paying similarly for an attack, increasing the cost and time incurred to fix a similar issue. In 2012, after Nasscom and Data Security Council of India (DSCI) published a report, ‘Securing our Cyber Frontiers’, stressing on the importance of sharing information on cybercrime, a joint working group was […]

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