'Indian IT cos highly exposed to internal attacks'
Indian companies are highly exposed to the "internal attacks" generated by the "insiders", a top IBM official said. Complete Pre-Budget coverage
By PTI |
MUMBAI: Even as the country is re-positioning itself as the world's most favoured IT hub, Indian companies are highly exposed to the "internal attacks" generated by the "insiders", a top IBM official said.
"..These attacks are most dangerous, since they are performed by people with established authorisations within the organisations...given Indian organisations are in a hyper growth phase and hiring many new employees, the threats too grow in magnitude," IBM's Worldwide Evangelist for Security Pierre Noel told media in an interview.
| | | Also Read |
| | �� | |
| | �� | |
| | �� | |
| | �� | |
| | �� | |
| | �� |
IBM had announced a $1.5 billion investment in its security initiatives in November 2007 and has also drawn up plans to relocate a significant chunk of its activities to India by increasing its investment in Bangalore and Pune labs.
Noel's comment assumes importance in the backdrop of rising instances of security breaches in the country in the past few years. This include a $4,25,000 cash theft carried out by five former employees of Pune-based BPO unit MSource from four Citi Bank customers in New York in April 2005.
In a similar incident, an employee of Gurgaon-based IT firm Infinity E-Search also allegedly tried to sell the bank account details of 1,000 Britons by stealing data from the company's software.
In many cases, underground brokers have been found delivering tools to aid the IT criminals in a bid to avoid detection by security software, Noel said.
Download
The Economic Times Business News App for the Latest News in Business, Sensex, Stock Market Updates & More.
The Economic Times Business News App for the Latest News in Business, Sensex, Stock Market Updates & More.
Download
The Economic Times News App for Quarterly Results, Latest News in ITR, Business, Share Market, Live Sensex News & More.
The Economic Times News App for Quarterly Results, Latest News in ITR, Business, Share Market, Live Sensex News & More.
ADVERTISEMENT
