“Cyber crime will restrict business growth and in the worst cases put firms out of business. This will inevitably impact of the financial growth of the whole country,” said Mr Adams-Mercer who is the founder TheSnugg.com – an international retailer of high-quality iPad and SmartPhone covers.
“We are constantly being told that the police service is facing cuts and some of these cuts are in cyber protection units. We need to be told what services they can provide in the future because the threats from cyber criminals will increase.
NEW DELHI: Delhi Police has got a shot in the arm to fight cyber crime. A state-of-the-art cyber lab has been set up for the crime branch through which cops will not only be able to solve cases quicker but also have trained personnel at their disposal to investigate the cases. Inaugurating the lab, police commissioner BS Bassi said that the step was taken after a quantum jump was witnessed in such cases over the past few years.
Cyber fraud can irreparably damage an SME’s reputation, which in turn can impact on its growth. At the moment, it appears that the issue of cyber security is also relatively low on the boardroom agenda, with over half of leaders saying that other matters always seem more urgent.
1. The Cloud Is Not Immune
An old quote attributable to bank robber Willie Sutton is that he robs banks because that’s where the money is. So it goes for data. As more data migrates to the cloud, targeting that data will increase.
MUMBAI: Oldest and most distinguished IT firms of the country are doing what would have been almost sacrilegious a few years ago - holding coding marathons to develop innovative fixes and deploying "commando" units to resolve clients' IT woes within hours. Infosys, Wipro and other IT giants, which rose to prominence during the outsourcing boom in the 1990s and 2000s, have struggled to keep pace with mushrooming start-ups. The rate of revenue growth has more than halved since 2011-12, partly due to the emerging competition.