Large firms in India can incur around US$10.3 million losses due to cyber threats

A large-sized organization in India incurs on an average of US$ 10.3 million of economic loss from cyberattacks whereas a mid-sized organization incurs an average of US$11,000, reveals a Frost & Sullivan study commissioned by Microsoft.

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In 2019, organizations will employ more automation to combat threats : Fortinet predicts

“We are seeing significant advances in cybercriminal tools and services which leverage automation and the precursors of AI. Organizations need to rethink their strategy to better anticipate threats and to combat the economic motivations forcing cybercriminals back to the drawing board,”said Michael Joseph, Director – System Engineering, India & SAARC – Fortinet

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AI based security startup CloudSEK raises Rs14 crore from Exfinity Venture Partners, StartupXseed Ventures

CloudSEK, an information security risk management SaaS-based startup, has raised ₹14 crores in its pre-Series A investment led by Exfinity Venture Partners and StartupXseed. CloudSEK will leverage the freshly raised funds to evolve its flagship product XVigil, a unified risk management platform.

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