Dr. Pavan Duggal, in his deliberation, presented a detailed presentation on Emerging Cyber Threats & challenges in India during Covid19 mentioned that cyber attacks have become a new normal in today’s times. He gave case studies of corporate companies, hospitals, and banks in India and globally that has been hit loss due to cyber attack. He shared the severity of cyber-attacks and emphasized that Cyber Security ought to be a part of our life and it’s important to safeguard our network and devices.
Dr. Pavan Duggal shared information about the data protection and privacy laws in India which still needs a lot of work. He said that while companies are letting their employees work from home; they need to strengthen their safeguarding policies so that they don’t fall into the pit hole of cyber attacks. He highlighted that cyber security law should be a part of national law. He shared the recent global cyber security rules and laws that are emerging in the world which the help of the Internet of Things (IoT) and Artificial Intelligence (AI).
Mr. Anyesh Roy highlighted that Business E-mail comprises is one of the most common frauds which can be prevented that writing which involves writing the email id instead of an automatic reply which helps to prevent fraud. He also raised the need for having anti-virus on emails, mobiles, and other frequently electronic devices. He shared the increase in the cyber cases of ransomware which is a type of malicious software designed to block access to a computer system until a sum of money is paid. He suggested having backup clouds, locking systems such as multiple levels of security.
Mr. Anyesh Roy highlighted the preventive measures or precautions taken care of to protect data, system, etc from the cyber threat which include avoiding free web-based email accounts, establish a company domain name and use to establish a company email account, being awareness about any suspicious activity on any device; considering additional IT and financial security procedure and many more.
Mr. Matthew See, in his presentation on Cyber Threat during Covid19, shared the spike in the number of hacking cases during the lockdown worldwide.
He also shared global case studies of business houses being trapped due to cyber security. He gave a brief insight into the working of WatchGuard Technologies Inc in safeguarding the networks of business and corporate companies.
Mr. Sachin Dedhia, in his deliberation, gave a detailed presentation with practical examples of retrieving any person’s password from their system and how hacking is done on electronic devices. He also shared how one can monitor the number of users on a network via useful sites and apps.
Ms. Nazm Bilochpura while moderating the session gave a brief insight into the increase in cyber hacking cases in the past few months during the lockdown. She also shared the most important aspect of cyber security i.e. dealing with potential threats and how one can safeguard their systems and networks. She has shared tips to guard the network which include KYC check; IT Security Policy; SOPs for Digital Use; Security assessment; Existence of a Whistle Blower Policy and many more.
Mr. Sanjay Aggarwal, Senior Vice President, PHD Chamber of Commerce and Industry in his welcome address raised concerns regarding the increase in cybercrime and hacking cases that have led to a loss in the business and other conglomerate companies. Due to COVID-19, there has been an increase in the digitalization of working but most of the businesses and companies have not been equipped with the right awareness or right of resources to secure their work networks.
Dr. Aruna Abhey Oswal, Chairperson, Women Entrepreneurship Committee, PHD Chamber in her welcome address the need to secure the gateways and protect ourselves from the ongoing cyber attacks. Cybercrime is the main concern these days as most of the businesses & organizations are attacked by the cyber threats in these challenging times of Covid19 where many of people working from home
Mr. Saurabh Sanyal, Secretary-General, PHD Chamber, while lauding the deliberation of the august delegates, explained how cybercrime has been an issue in the corporate sector. He also asked queries regarding the threats and drawbacks of cyber security and hacking.