Petya News

According to a recent IBM study conducted by Ponemon Institute, while the average cost of a data breach in 2017 saw a 10 per cent decline globally when compared to 2016, for the Indian enterprises, it grew 12.3 per cent from Rs 97.3 million in 2016 to Rs 110 million in 2017.

The first half of the year also saw rise in IoT attacks and showed that industrial robots can be compromised, which could amount to massive financial damage and productivity loss, the report added.

India's largest telecom operator Bharti Airtel on Monday announced a partnership with Symantec Corp to provide cyber security solutions to businesses in India.

The Securities and Exchange Board of India's (Sebi) efforts to put in place long term plans for cyber security of the market place also come against the backdrop of exchanges facing technical glitches and spate of suspected cyber attack cases globally, including in India.

India`s growing economy and digital push have caught the attention of hackers and an increasing wave of cyber attacks could soon badly impact the country, experts from Russian cyber security firm Kaspersky Lab have warned.

Amid repeated ransomware attacks, leading exchanges BSE and NSE have asked trading members to take urgent steps to safeguard their systems from Petya ransomware, which has impacted companies across the globe.

To ward off new-age ransomware cyber attacks like `Petya Microsoft has announced it would infuse artificial intelligence into its antivirus stack.