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India Average Data Breach Hits $2.18M

The Reserve Bank of India’s (RBI) cybersecurity report reveals that the average data breach cost in India reached $2.18m in 2023, up 28% since 2020. Phishing and stolen credentials were the predominant forms of attack, with the automotive sector most vulnerable. Measures to increase India’s digital security were also highlighted, including two-factor authentication and more customer control over card usage. Despite this, the digitalisation’s ‘invisible risks’ were noted.

Source: thecyberexpress.com –

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Identity and Access Management (IAM)

Identity and Access Management (IAM)

CISOs face mounting pressure to secure digital identities, with 80% of breaches stemming from compromised credentials. Identity and Access Management (IAM) must evolve into a