Data breach and cybersecurity: Challenges and solutions!
Companies are now more aware than ever of the issues data breaches can cause. India saw the second highest number of data breaches in 2018.
- Apr 16, 2019,
- Updated Apr 16, 2019 7:39 PM IST
Data breaches today blow a million-dollar hole in India Inc's pocket. Financial sector firms lose the most, followed by the services and industrial sectors. Companies are now more aware than ever of the issues data breaches can cause. India saw the second highest number of data breaches in 2018.
Take a few burning examples in recent times. A leading e-commerce portal in India admitted that owing to a technical glitch, tax reports of some of its sellers were exposed to others. The company said this affected about 400,000 sellers on its platform. Sellers who were affected said they were able to download tax reports of other vendors.
One of the largest banks in India secured an unprotected server that allowed unrestricted access to financial information of millions of its customers. In this case, the bank had not protected the server with a password, allowing anyone who knew where to look to access the data on millions of customers' information.
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Data breaches today blow a million-dollar hole in India Inc's pocket. Financial sector firms lose the most, followed by the services and industrial sectors. Companies are now more aware than ever of the issues data breaches can cause. India saw the second highest number of data breaches in 2018.
Take a few burning examples in recent times. A leading e-commerce portal in India admitted that owing to a technical glitch, tax reports of some of its sellers were exposed to others. The company said this affected about 400,000 sellers on its platform. Sellers who were affected said they were able to download tax reports of other vendors.
One of the largest banks in India secured an unprotected server that allowed unrestricted access to financial information of millions of its customers. In this case, the bank had not protected the server with a password, allowing anyone who knew where to look to access the data on millions of customers' information.
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