Thursday, March 28, 2024
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The numbers of phishing cases have increased immensely in India due to the lockdown, especially threats masked as Covid19: CorpGini

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The ongoing pandemic has pushed the world further towards digitization, and these changes in behavior are likely to have lasting effects even when the economy starts to pick up. Increasing application of digital solutions, tools, and services are speeding up the global transition towards a digital economy.

Large and small businesses, corporates are working from home; private sector banks are requesting customers to use digital means for transactions, food and essentials are being ordered online. With more data feeding in, will it compromise the security of Data? was one of the most important questions raised in today’s Corporate Punch session.

Here is what the panellists had to say at India’s largest 6 day virtual panel discussion on Zoom organized by CorpGini on the topic ‘How technology can help companies operate during a pandemic?’

Akhilesh Tuteja – Global Cyber Security practice, Co-Leader & Partner, KPMG India said , “There’s going to be some compromise in security because of digitalization. The numbers of phishing cases have increased immensely in India, with lots of frauds happening around this time masked as Covid19 threats.

“An increase in the usage of drone technology by the government for surveillance and by e-commerce giants and start-ups for delivery for essential supplies will be observed”, said Hitesh Sachdev, Head of Startups – ICICI Bank

-“There is a tremendous update in workflow management systems. People were still using physical papers and everything before and now it’s all digitalized” Gautam Balakrishnan, CMO (Services) – Tata Projects Limited

In response Mr. Akhilesh Tuteja – Global Cyber Security practice, Co-Leader & Partner, KPMG India said, “Security is way beyond technology, technology is the creator of data/information and security has to go hand in hand. if there is no data/information there is no requirement of security. Only if you have valuable data being shared, you need security. Security is a big profit center. I think security goes way beyond technology. In a large sense, it is about personal security, hygiene, and many more points.”

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