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December - 2014 - issue > CXO View Point

Cyber Security Risks Faced by the Industry

By Vijay Bharti, General Manager, Cyber Security Practice at Happiest Minds Technologies
Thursday, December 4, 2014
By Vijay Bharti, General Manager, Cyber Security Practice at Happiest Minds Technologies
Happiest Minds Technologies is a 2011 founded Bangalore based IT company providing services on disruptive technologies.

With each passing day, the world is moving towards being more and more digital. Internet adoption has become seminal to the survival of organisations, with the achievability of business objectives becoming heavily reliant on the information systems. Cyber security is no longer a buzzword but has become a formidable threat that needs to be constantly monitored by organisations in this information age.

Cyber security refers to a broad range of website security concerns ranging from simple defacement of the company websites to service disruptions causing direct revenue loss and e-banking frauds. Some of the key types of cyber security risks becoming important today and in near future are outlined below.

1. Advanced Persistent Threats (APTs) - Sophisticated attacks designed to gain access to protected networks and steal information.

2. Internal threats - Insiders in an organisation using their own privileges to steal data and commit fraud.


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