Kindly give us a brief about your company and its products and services.
We are an American cyber-security company specialising in providing unified threat management system for cutting-edge cyber-security solutions to businesses worldwide. We provide comprehensive cyber-security services to various industries, including finance, healthcare, manufacturing, retail and more.
Our cyber security products include:
• Cyber threat intelligence platform: designed to provide businesses with actionable insights into potential cyber threats, enabling them to take proactive measures to prevent cyber-attacks before they occur
• Risk monitoring: provides businesses with continuous monitoring of their networks and systems to identify potential risks and vulnerabilities, enabling them to take proactive measures to mitigate these risks
• End-point protection: provides businesses with advanced security measures to protect against end-point attacks, malware and other threats that target end-point devices
• Cyber fusion centre: provides unmatched deep industry tactics, unrivalled strategies and tomorrow’s technology today. With this, organisations receive precisely what’s required to fortify and protect their digital ecosystems end-to-end. It is a central hub that provides actionable threat intelligence. It puts together information and coordinates effortlessly with security teams such as SOC, IT, physical security personnel, fraud units, etc.
• Identity protection: a solution for individual digital security, makes one feel confident and secure, no matter where the individual is, what device he/she is using or what network he/she connect s to.
• Hunter: with this, organisations have the power of autonomous threat analysis and deep analysis of traffic patterns, user behaviours and potential vulnerabilities. Our threat analysis software proactively monitors and detects user, application, system and network anomalies. Resecurity Hunter works with large datasets of collected information to pin-point advanced threats and respond to today’s complex cyber-attacks that commonly evade detection. Organisations get full analysis, reporting, details and remediation recommendations for effective cybersecurity against today’s advanced attacks.
Apart from the above-mentioned products, we provide digital forensic, executive protection, managed threat detection, intelligence services red teaming and vCISO services.
How grim is the issue of cybersecurity in India as compared to other SAARC countries?
Cybersecurity is a major concern in India, and the country faces a number of challenges in this area. It is one of the most targetted countries in the world for cyberattacks. In 2022, India ranked 17th out of 20 countries in the Massachusetts Institute of Technology (MIT) Review CyberDefense Index.
Compared to other SAARC countries, India’s cybersecurity posture is relatively better. However, the country still lags behind other emerging economies such as China and Brazil. It has the highest cyber-security score among SAARC countries, still has a long way to go in terms of improving its cyber-security posture.
Pakistan, like India, faces cyber-security challenges. Cybercrime, hacking and online radicalisation are concerns. The government has implemented cyber-security laws and established institutions to address these issues, but there is still work to be done in terms of cyber-security readiness. Bangladesh has also witnessed an increase in cyber threats, with various incidents of hacking, cyber espionage and online scams. The government has taken steps to address these issues by enacting cyber-security laws and establishing a national cyber-security agency. Sri Lanka has faced cyber-security challenges, including cyberattacks on government websites and financial institutions. The country has been working on enhancing its cyber-security capabilities and awareness.
Nepal has been relatively less affected by cyber threats compared to some other SAARC countries, but it still faces issues such as cybercrime and online fraud. The government has been working on improving its cyber-security infrastructure. Bhutan, being a smaller country, faces fewer cyber-security threats compared to some larger SAARC nations. However, it has also taken steps to enhance its cyber-security defences.
The Maldives faces cyber-security challenges related to cybercrime and online fraud. As a popular tourist destination, it’s also vulnerable to cyber threats targetting the tourism industry. Afghanistan has faced unique challenges due to its political instability. Cybersecurity has been a concern, particularly in the context of national security.
It’s important to note that the level of cyber-security preparedness and challenges can change over time, and different SAARC countries may prioritise cybersecurity differently. Collaboration and information-sharing among SAARC nations are crucial to address regional cybersecurity threats collectively. Additionally, the global nature of cyber threats means that challenges in one country can have implications for neighbouring nations and beyond.
What’s the percentage of cyber attacks on the banking and finance sector across the globe? Where does India stand amid this?
The percentage of cyberattacks on the banking and finance sector across the globe varies from year to year, but it has been consistently increasing in recent years. In 2021, the financial services industry accounted for 16 per cent of all data breaches reported. In 2020, the financial services industry accounted for 15 per cent of all data breaches reported.
In 2022, the financial services industry accounted for nearly 17 per cent of all data breaches reported. This means that out of every 100 data breaches reported in 2022, nearly 17 of those were in the financial services sector.
India is no exception to this trend. In fact, India is one of the most targetted countries in the world for cyberattacks, and the banking and finance sector is one of the most targetted sectors in India. In 2022, the Indian Computer Emergency Response Team (CERT-In) reported over 17,000 cyberattacks on the banking and finance sector in India.
The country has experienced various cyber incidents targetting banks and financial institutions. These attacks can range from data breaches to more sophisticated attacks aimed at financial theft and disruption of services.
The Indian government and the banking and finance sector are taking a number of steps to address the growing threat of cyberattacks. However, more needs to be done to improve cybersecurity in the Indian banking and finance sector. This includes investing in skilling and development of cyber-security professionals, strengthening the regulatory framework, and promoting collaboration between the public and private sectors.
How well-prepared is India to fight such attacks?
India has been making significant strides to bolster its cyber-security infrastructure, but challenges remain. The country had been taking several steps to improve its cyber-security preparedness. However, the effectiveness of these measures can evolve over time, and the country’s level of preparedness may have changed since then. Below are some key aspects of India’s cyber-security preparedness:
The Indian government and the banking and finance sector are taking a number of steps to address the growing threat of cyber attacks. However, more needs to be done to improve cyber security in the sector. This includes investing in skilling and development of cyber-security professionals, strengthening the regulatory framework, and promoting collaboration between the public and private sectors.
The Indian government is taking a number of steps to improve cyber security in the country. These include:
• investing in cyber-security research and development.
• launching awareness campaigns to educate users about cyber-security threats and best practices.
• strengthening the regulatory framework for cybersecurity.
• promoting collaboration between the public and private sectors.
Overall, India is moderately well-prepared to fight cyber-attacks. However, there is still much room for improvement in order to protect the country’s critical infrastructure and data from sophisticated cyber threats.
While these initiatives indicated a commitment to improve cyber-security preparedness, challenges remained. India faced a rapidly-evolving cyber threat landscape, with cyberattacks becoming more sophisticated and frequent. The country needed to continually adapt and invest in cyber-security measures to keep pace with emerging threats.
Amidst a large number of cybersecurity solution providers, how do you manage to stand out in the crowd?
Resecurity has got the following:
- Innovative threat intelligence: We continuously develop and provide cutting-edge threat intelligence services that offer unique insights into emerging cyber threats and vulnerabilities. We are ahead of the threat landscape by leveraging advanced technologies like Artificial Intelligence (AI) and Machine learning (ML).
- Niche expertise: We are the largest data harvester from Dark Web as well as different valid sources such as social media and other forums.
- Comprehensive threat detection: We offer comprehensive threat detection and risk management solutions that cover various attack vectors, including Advanced Persistent Threats (APTs), insider threats and nation-state-sponsored attacks.
- Customised solutions: We tailor services to meet the specific needs of your organisations. Different industries and organisations have unique cyber-security challenges, and we are providing customised solutions, that is a significant differentiator.
- Proactive threat hunting: We implement proactive threat hunting services to identify threats before they cause significant damage. Our services help clients stay one-step ahead of cyber adversaries.
- Compliance and regulatory expertise: We help our clients navigate complex regulatory environments by updating cybersecurity regulations and compliance standards. Our platform is suitable for different countries’ privacy act.
- Cybersecurity training: We continuously provide training and educational resources to our clients to help them better understand and mitigate cyber risks.
- Responsive customer support: We offer responsive and effective customer support to address client inquiries and concerns promptly 24/7/365 days. Our support team in different parts of the world provides support according to their time zones.
What’s the latest innovation in the area of cyber-security solutions?
The cyber-security landscape is a perpetual cat-and-mouse game, where new solutions lead to new vulnerabilities and vice versa. The latest innovation in the area of cyber-security solutions is the use of Artificial Intelligence (AI) and Machine Learning (ML). AI and ML can be used to develop more sophisticated and effective ways to detect and respond to cyber threats. In addition to these, other innovative cyber-security solutions include:
• Zero-trust security: Zero-trust security is a security model that assumes that no user or device can be trusted by default. This model requires all users and devices to authenticate and authorise their access to resources, regardless of whether they are inside or outside the organisation’s network.
• Blockchain security: Blockchain technology can be used to secure data and transactions in a variety of ways. For example, blockchain can be used to create tamper-proof records of transactions, or to encrypt data.
• Quantum security: Quantum computing is a new type of computing that has the potential to revolutionise many industries, including cybersecurity. Quantum computers could be used to develop new types of encryptions that are unbreakable by traditional computers.
These are just a few examples of the latest innovations in the area of cyber-security solutions. As the cyber threat landscape continues to evolve, security researchers and developers are constantly developing new ways to protect organisations from cyber attacks.
Anything you would like to add or highlight?
We saw this trend of data leaks targetting citizens, and they are the most insecure due to lack of proper digital identity protection. We also observed that during 15th August, G20 and cricket match, India faced more cyber attacks than normal days from different threat groups. Most of the government agencies and organisations, who have critical infrastructure, need to deploy the 24/7 risk monitoring.