May 2018 smartGOV_eMagazine_May2018 - Page 11

in cyber resilient innovations and solutions. The study was conducted from January to mid-March 2018 and investigated focused attacks defined as having the potential to both penetrate network defenses and cause damage, or extract high- value assets and processes from within organizations. Despite the increased pressure of ransomware attacks, which more than doubled in frequency last year, the study found organizations are upping their game and now preventing 87 percent of all focused attacks compared data from being hacked, stolen or leaked,” said Kelly Bissell, managing director of Accenture Security. “While the findings of this study demonstrate that organizations are performing better at mitigating the impact of cyberattacks, they still have more work to do. Building investment capacity for wise security investments must be a priority for those organizations who want to close the gap on successful attacks even further. For business leaders who continue to invest in and embrace new technologies, reaching a sustainable level of cyber resilience could become Jamtara: Underbelly of Digital India Jamtara is a sleepy town in the tribal region of Santhal Pargana. It continues to be an obscure town. But in the last few years, it got the notoriety as cyber crimes hub. While addressing a conference on homeland security recently in Delhi, Union Home secretary Mr Rajiv Gauba said: “More than half of India's cyber crimes, to 70 percent in 2017. However, with 13 percent of focused attacks penetrating defenses, organizations are still facing an average of 30 successful security breaches per year which cause damage or result in the loss of high-value assets. “Only one in eight focused cyberattacks are getting through versus one in three last year, indicating that organizations are doing a better job of preventing Rajiv Gauba, Union Home secretary mostly committed by fraudsters posing as bank managers, were traced back to this small town. This place has become digital India's underbelly.” a reality for many organizations in the next two to three years. That’s an encouraging projection.” It’s also taking less time to detect a security breach; from months and years to now days and weeks. On average, 89 percent of respondents said their internal security teams detected breaches within one month compared to only 32 percent of teams last year. This year, 55 percent of organizations took one week or less to detect a breach compared to 10 percent last year. Although companies are detecting breaches faster, security teams are still only finding 64 percent of them, which is similar to last year, and they’re collaborating with The fraudsters based in Jamtara have befooled people across the country. "The NCRB (National Crime Records Bureau) data has not fully captured the Jamtara's contribution to cyber crime in the country," he said.The Home Secretary said the fraudsters of Jamtara are committing the crime with much ease from within their homes. "These are not highly educated individuals. They are youngsters with little education. They have taken into cyber crime in a big way," Gauba revealed. others outside their organizations to find the remaining breaches. This underscores the importance of collaborative efforts among business and government sectors to stop cyberattacks. When asked how they learn about attacks that the security team has been unable to detect, respondents indicated that more than one-third (38 percent) are found by white-hat hackers or through a peer or competitor (up 11 | May 2018 | www.smartgovernance.in