archivecyber security

Data security breach is an increasingly serious problem for data-intensive industries of all kinds. Recent research shows that 90 per cent of all large organizations—including insurance carriers—suffered cyber security breaches in 2015, up from 81 per cent in 2014. Moreover, cybersecurity breaches are becoming more frequent and more expensive; according to the Ponemon Institute’s latest study on cybersecurity, the average consolidated cost of a data breach grew from USD 3.8 million to USD 4 million. The study also reports that the average cost incurred for each lost or stolen record...

Telecom Regulatory Authority of India (Trai) is planning to start consultation on quality benchmark for voice and data services in a fortnight to improve customer experience in the mobile market. According to sources, the regulator’s efforts to address the Quality of Service (QoS) norms is likely to come in the form of a consultation paper that would address both voice and data aspects as, reported by The Hindu. Trai in its frequent call drop test found most operators fail to meet service quality benchmark. The tolerance limit for call drops is...

Intel is looking for a buyer for its Intel Security. Intel Security, previously called McAfee, was bought from the security firm McAfee back in 2011 for $7.7 billion (£5.75bn). Intel rebranded the company as Intel Security, and aimed to implement its security features at chip level, giving cyber-security a whole new dimension. It seems, though, six years later, the plan had failed. In any case, the sale of Intel Security would represent the biggest security business sale to date, so it might take a consortium of private equity backers to...

The much-hyped Microsoft-LinkedIn acquisition on Monday evening overshadowed another very important acquisition in tech history which also took place around the same time. Symantec and Blue Coat, announced that they have entered into a definitive agreement under which Symantec will acquire Blue Coat for approximately $4.651 billion in cash from Bain Capital, in the struggling antivirus company’s largest deal for more than a decade. The transaction has been approved by the Boards of Directors of both companies and is expected to close in the third calendar quarter of 2016. “This...

Symantec and Blue Coat, announced that they have entered into a definitive agreement under which Symantec will acquire Blue Coat for approximately $4.651 billion in cash. The transaction has been approved by the Boards of Directors of both companies and is expected to close in the third calendar quarter of 2016. Greg Clark, Chief Executive Officer of Blue Coat, will be appointed Chief Executive Officer of Symantec and join the Symantec Board upon closing of the transaction. Read Also:Symantec Partners With Hosting Providers For Encryption Everywhere Blue Coat is the...

India and the US have stressed on cooperation on cyber issues, including to promote closer cooperation between their law enforcement agencies to combat cybercrime. The countries also decided to share information on a real time on malicious cyber-security threats and establish appropriate mechanisms to improve such information sharing. A fact sheet on the framework for the US-India Cyber Relationship, issued during the visit of Prime Minister Narendra Modi in Washington on Tuesday, says that cooperation on cyber issues is a key component of the bilateral relationship between India and the...

The global endpoint security solution provider, Kaspersky is investing heavily in the resources to strengthen its enterprise business in India. The Russian anti-virus firm which already has a strong presence in the consumer space, is now building a enterprise partner network specialized in the security domain. “We have identified a set of partners who are specialized in the security space and have started partnering with them. We are offering our flagship products such as Kaspersky endpoint security for business and other solutions and services to enterprise customers in association with...