QNu Labs has unveiled two software products for data security and privacy for enterprises, governments and defence organisations.
While the banking, financial services and insurance (BFSI) sector has the largest share in cyber security expenditure, demand in the government sector is expected to reach $581 million by 2022, at a growth rate of 13.8 per cent CAGR, according to the "Cyber Security India Market" report.
Out of WhatsApp user base of 1.3 billion people, more than 200 million people are in India -- the single largest market for the popular messaging platform.
Media reports in August had flagged data security concerns over the UC Browser app, with the Indian government expressing concern over the matter.
The data is up for sale on DarkNet and could prove devastating for several organisations if it fell into wrong hands, Quick Heal said.
Switzerland found India's data security and confidentiality laws "adequate" for entering into an automatic exchange of information pact.
Atlanta: Companies across the globe are on high alert to tighten up network security to avoid being the next company brought to its knees by hackers like those that executed the dramatic cyberattack against Sony