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Comprehensive law to prevent organisations from hiding data breaches: Rajeev Chandrasekhar – ET CISO
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The government is working on comprehensive laws that will prevent corporations from hiding security and data breaches, said Rajeev Chandrasekhar, Union Minister of State for Electronics and IT.
Chandrasekhar was speaking at the launch of IBM’s security command centre in Bengaluru.
He said the government will announce these initiatives soon.
“You will soon hear in the next few days new regulations going out there that puts the onus on organizations to report these (cybersecurity) crimes and not just push it under the carpet, because it is important that at any given point the government and its agencies have absolute clarity and clear situational awareness of the threat matrix that is around and is active in the cyberspace in India,” he said.
He also said that it is a public policy priority that the internet in India must always be safe and trusted, since 800 million Indians are set to use the internet.
India currently does not have a comprehensive cybersecurity law.
Cybersecurity, data breach notification and incident response are governed under the Information Technology Act, 2000 (ITA) and the ITA rules.
IBM said on Monday that the security command centre would service customers across the Asia Pacific region.
The centre, which will house around 600 security response operators, is part of IBM’s multi-million-dollar investment to help businesses prepare for and manage the growing threat of cyberattacks to organizations across the Asia Pacific (APAC) region.
Some of the people who work out of this hub are already supporting global clients while the company plans to hire more cybersecurity associates for this region.
The centre will be used to train cybersecurity response techniques through realistic, simulated cyberattacks – designed to prepare everyone from C-Suite through technical staff.
The investment also includes a new Security Operation Centre (SOC), which is part of IBM’s vast network of existing global SOCs that provide 24X7 security response services to clients around the world.
“This is the one of the two cybersecurity hubs around the world that IBM operates. One is in Cambridge, Massachusetts in the US, and the second one is here now; this will become the hub for Asia Pacific,” said Sandip Patel, managing director, IBM India.
Patel added that this was one the largest investments by the company in cybersecurity capabilities to be launched in 2022.
Adjacent to the new cyber range facility, IBM’s new SOC will provide managed security services (MSS) to clients across the globe.
This is its second SOC in Bengaluru, with the other SOC continuing to specifically serve regional Indian clients.
IBM’s global SOC network spans nine locations, including in Atlanta (United States), Australia, Costa Rica, Japan, Poland, and Saudi Arabia.
According to a new IBM global analysis released on Wednesday, Asia is now the topmost targeted region for cyberattacks – representing 26% of attacks analysed in 2021.
The data reveals a significant regional shift compared to the past decade of the report, where North America and Europe have been historically ranked as the most targeted.
Over the past two years, millions of people throughout Asia-Pacific have started using the Internet for the first time, lifting the region’s online population to more than 2.5 billion…
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