India Insights

Business Continuity Management / Disaster Recovery

How the CrowdStrike Outage Fuels Indian Tech Nationalism

Suparna Goswami • July 26, 2024

Many have used the CrowdStrike outage to point to the power and interconnectedness of big tech. In India, the outage stoked Indian distrust of Western tech companies, a debate over Indian tech nationalism and a broader movement for Make in India - the government's push for local solutions.

Fraud Management & Cybercrime

Facing a Surge in UPI Fraud, It's Time for India to Act

Suparna Goswami • June 4, 2024

In its annual fraud report released last week, the Reserve Bank of India sent an urgent warning to Indian banks to enhance scam controls and improve money mule management. The report highlights a significant surge in fraud cases on the Unified Payments Interface in India.

Fraud Management & Cybercrime

Will PayNow-UPI Integration Trigger More Payment Scams?

Jayant Chakravarti • February 22, 2023

India and Singapore made it easier and cheaper for their citizens to send and receive money through the integration of UPI and PayNow, but could this move lead to a rise in cross-border online payment scams? Reports of UPI-related fraud surged in India in 2022.

3rd Party Risk Management

Securing APIs to Enable QR Code Interoperability

Geetha Nandikotkur • November 3, 2020

Payments companies must secure their APIs and enhance their authentication standards in line with The Reserve Bank of India's guidelines to make QR codes interoperable and boost the electronic payments ecosystem.

Fraud Management & Cybercrime

RBI's 'Positive Pay' System: Essential Security Steps

Geetha Nandikotkur • October 23, 2020

In an effort to ramp up the fight against fraud, the Reserve Bank of India next year will launch a "Positive Pay" system of verifying information about checks with a value at $700 or more. Bank CISOs face the big task of securing the huge new flow of data.

3rd Party Risk Management

India Cybersecurity Virtual Summit: A Preview

Geetha Nandikotkur • July 24, 2020

The "zero trust" model can play a critical role in mitigating emerging threats. That's why Information Security Media Group will host on July 27 a virtual cybersecurity summit for India on applying the model.

COVID-19

How CISOs Are Tackling Challenges Related to COVID-19 Crisis

Geetha Nandikotkur • April 3, 2020

As CISOs in India scramble to deal with challenges related to the COVID-19 crisis, they're discovering effective strategies. For example, they're adopting the "zero trust" model for the remote workforce and devising ways to deal with the security issues raised by "shadow IT" and "free software."

Advanced SOC Operations / CSOC

ISMG Delhi Summit: Zero Trust, SOC Automation, Nation-State Attacks

Suparna Goswami • March 11, 2020

Nation-state attacks. SOC automation. Zero trust. Protection of critical infrastructure. These were some of the key themes that discussed at Information Security Media Group's recent Cybersecurity Summit in Delhi.

Cybercrime

Preview: Cybersecurity Summit in Mumbai

Geetha Nandikotkur • November 19, 2019

To help security practitioners address their cybersecurity challenges, ISMG is hosting a Cybersecurity Summit on Nov. 21 in Mumbai, best practices in tackling cybersecurity issues. Among the speakers: Loknatha Behera, Kerala's state police chief, and former Supreme Court Justice B. N. Srikrishna.

Fraud Management & Cybercrime

A Single Agency for Cybersecurity: Will It Work?

Suparna Goswami • November 18, 2019

India may soon have a single authority or agency responsible for the entire spectrum of cyber defensive operations. This is a good step that was long overdue. But the real test lies in actual implementation of the plan.

Governance & Risk Management

Data Localization: Time for Bold Action

Suparna Goswami • October 3, 2019

To enhance data security, it's time for the Indian government to stop talking about requiring data localization and spell out - and enforce - tough requirements.

3rd Party Risk Management

PSD2 Authentication Deadline Needs to Be Firmed Up - Now

Geetha Nandikotkur • September 30, 2019

Delayed enforcement of the "strong customer authentication" requirements for online transactions under the European Union's PSD2 regulation is hampering efforts to enhance security. That's why the European Banking Authority should act quickly to develop a new timeline.

Fraud Management & Cybercrime

New Defense Cyber Agency Chief Spells Out Priorities

Geetha Nandikotkur • September 23, 2019

Rear Admiral Mohit Gupta, who was recently appointed chief of India's new Defense Cyber Agency, has made a series of recommendations for top action-items. But will the government actually carry out his priorities?

Digital Identity

New Privacy Issue: The Sale of 'Community Data'

Suparna Goswami • September 19, 2019

The government of India has formed a committee of experts that will recommend policies on who can use the large amount of data generated from "smart city" projects and for what purposes. What key privacy issues must be addressed?

Critical Infrastructure Security

SEBI Cybersecurity Recommendations: Old Wine in New Bottle?

Suparna Goswami • September 12, 2019

The Securities Exchange Board of India has come out with new cybersecurity guidelines for the commodities market. But the recommendations either rehash earlier guidelines or offer vague details on implementation.