December 15, 2016

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Cyber Security – The Need of the Hour

Co-authored by Naveena Penikalapatu

Cyber age – this is an era where everything around us is digitalised and all that is digitalised is interconnected by the phenomenon of ‘Internet of Things’. In such a scenario, data has gained importance like never before and securing data is as important as making it accessible.

Today, cybercrime has become a popular phrase in the world. Public organizations and private business enterprises are being conscious of the cyber threats, so the stakeholders are investing immensely to protect themselves from these cybercrimes without any damage to the network and the systems they are using. Whatever may be the device, the software in it is developed by humans and hence, it’s highly vulnerable. Having a better understanding of security analytics will be a daunting job for any organization. It’s more than just analyzing log files and is almost at par with managing a full-blown information security platform.

Some of the categories of cybercrimes can be phishing, clickjacking, spoofing, eavesdropping among others, where an individual can be attacked by even a misleading email or a website. As the technology is increasingly becoming advanced, cybercrimes are also becoming prominent. For a developed country like the USA, the government is dedicating a budget of $18 billion in fiscal 2017 for improving their cyber security. If the governments and organizations feel they are not prepared to tackle this cyber threat, then now is the time to introspect on their existing levels of cyber security.

HCL doing its bit to eliminate cybercrimes

HCL provides its InfoSec (Information Security) team with utmost authority to take decisions in matters of information security. Strict guidelines are put in place regarding the securing of information. Posting information about the intellectual properties of HCL like software codes, official documents, and company data on the internet is strictly prohibited. The company has enforced logical security, software asset management, information handling and processing, and risk methodology in its functioning. These will lead to holding on to each and every domain which protects the data loss from an employee who is new/unaware of the security. If any sort of breach is found, the InfoSec has to report immediately about the issue and the corresponding team has to proactively act upon the impact as early as possible.

Everything that we are securing through the internet is a fair means to store the data. Meanwhile, the passwords, other critical important data and confidential information are getting exposed without one’s own interference. So every company has its own responsibility to secure their customer’s information. Customers now are monitoring how securely the company can hold the data without any misuse of their product information. This is becoming an extensive measure for the reputation of the company. For example, we can consider Apple’s security measures for their software. Presently, there are abundant cases and a string of scams that are taking place, while people make payments through the phone for taxes, hospital bills, bail money, debt collection and utility bills.

IRS, the “Internal Revenue Service” is strictly warning the taxpayers to stay alert against the impersonation scams in the form of automated calls. New tactics are being deployed by the scammers by demanding tax payments on iTunes and other gift cars. “It used to be that most of these bogus calls would come from a live person. Scammers are evolving and using more and more automated calls in an effort to reach the largest number of victims possible,” said IRS Commissioner John Koskinen.

It is very helpful to know the signs of the scam to avoid becoming a victim.

According to the “Cybersecurity Marker Report” -

Worldwide spending on cyber security will top $1 trillion between 2017-2021.

Since the cyber-attacks are continually evolving, it’s imperative that the organizations remain up to date on the latest security capabilities and offerings. With this growing volume and sophistication of the cyber-attacks, great attention is required to protect the sensitive business and personal information, which in turn, will safeguard the national security.