Increased technology usage and digitisation of the economy have escalated cyberattacks in India, and nearly 70 per cent of Nifty 50 companies are vulnerable to hackers, reveals a PwC survey. 
 
According to the report, out of the 50 companies studied, 34 (or 68 per cent) had identified vulnerabilities in at least one or more of their Internet-facing properties. 
 
The PwC survey about transgressions in Indian cyberspace of these companies further said, 525 email addresses belonging to the 34 companies were compromised, meaning hackers had access to those email addresses. 
 
&quot;Cybersecurity is no more restricted to Chief Information Officers (CIOs) or Chief Security Officers (CSOs) but needs serious attention of the higher management,&quot; Sivarama Krishnan, the leader of cyber security at PwC India said. 
 
Furthermore, 200 IP addresses belonging to the 34 companies were blacklisted by various Internet Service Providers (ISPs), implying that the ISPs found these IPs to be involved in spreading malicious traffic on the Internet, sending spam emails, or acting as a botnet in large cyber attacks, the report noted. 
 
&quot;There is a perceptible shift in the way modern threats are carried out, and the types of responses needed, and the surge in cyber crimes, manifests how these attackers are extensively-equipped with resources besides having a high technical skill set,&quot; Krishnan added. 
 
Sectorwise, media &amp; entertainment, automobiles, consumer goods and energy had the highest number of vulnerabilities. 
 
&quot;Hackers today are just not the tech enthusiasts, but are more sophisticated and organised in their approach to probe their targets and companies need to, more than ever before, adopt sophisticated security analytical tools to prevent such crimes,&quot; Krishnan said. 
 
According to the report, transgressions in Indian cyberspace have more than doubled over the past year to 6,284 incidents per respondent. The average number of attacks in India is fast catching up with the global average of 6,853 incidents per respondent. 
(PTI)

Transgressions in Indian cyberspace have more than doubled over the past year, a PricewaterhouseCoopers report says

Increased technology usage and digitisation of the economy have escalated cyberattacks in India, and nearly 70 per cent of Nifty 50 companies are vulnerable to hackers, reveals a PwC survey. According to the report, out of the 50 companies studied, 34 (or 68 per cent) had identified vulnerabilities in at least one or more of their Internet-facing properties. The PwC survey about transgressions in Indian cyberspace of these companies further said, 525 email addresses belonging to the 34 companies were compromised, meaning hackers had access to those email addresses. "Cybersecurity is no more restricted to Chief Information Officers (CIOs) or Chief Security Officers (CSOs) but needs serious attention of the higher management," Sivarama Krishnan, the leader of cyber security at PwC India said. Furthermore, 200 IP addresses belonging to the 34 companies were blacklisted by various Internet Service Providers (ISPs), implying that the ISPs found these IPs to be involved in spreading malicious traffic on the Internet, sending spam emails, or acting as a botnet in large cyber attacks, the report noted. "There is a perceptible shift in the way modern threats are carried out, and the types of responses needed, and the surge in cyber crimes, manifests how these attackers are extensively-equipped with resources besides having a high technical skill set," Krishnan added. Sectorwise, media & entertainment, automobiles, consumer goods and energy had the highest number of vulnerabilities. "Hackers today are just not the tech enthusiasts, but are more sophisticated and organised in their approach to probe their targets and companies need to, more than ever before, adopt sophisticated security analytical tools to prevent such crimes," Krishnan said. According to the report, transgressions in Indian cyberspace have more than doubled over the past year to 6,284 incidents per respondent. The average number of attacks in India is fast catching up with the global average of 6,853 incidents per respondent. (PTI)

Rising cyberattacks affect majority of India's big companies

Private equity investments in January-March amounted to $3.1 billion through 160 transactions, registering a moderate two per cent decline in terms of deal value over last year, says a PwC report.&nbsp;PwC is India&#39;s one of the leading auditing and consulting firms. 
 
In comparison with the year-ago period, there was a considerable decline of 24 per cent in terms of deals numbers. January-March 2015 quarter had seen 211 deals worth $3.16 billion. 
 
&quot;Indian macros continue to gain health and this is likely to spur M&amp;A and funding activities over the next few months - however we expect this to be sectoral,&quot; PwC India leader Private Equity Sanjeev Krishan said. 
 
A sectoral analysis shows despite a shortfall in big deals in e-commerce, the information technology &amp; IT-enabled services (IT&amp;ITeS) sector continued its dominance with an investment flow totaling $1.26 billion in 92 deals. 
 
&quot;The Digital India programme and ongoing efforts on Smart Cities are driving spending on software and IT services,&quot; Sandeep Ladda, leader - Technology, PwC India said. &quot;The expected growth in the sector will provide more opportunities for investors.&quot; 
 
Banking, financial services and insurance sector (BFSI) came a distant second, attracting $430 million. With a single deal, the travel and tourism sector added $321 million to its account. 
 
&quot;There has been a definite slowdown in the e-commerce/ digital and consumer internet deals and the next few months are likely to see some consolidation in the sector,&quot; Krishan said. 
 
According to PwC MoneyTree India report, a quarterly study of private equity investment activity based on data provided by Venture Intelligence, appetite for private equity continued to be strong with late-stage investments of $1.32 billion invested into mature companies. 
 
Growth-stage investments also played a significant role, attracting $918 million in the first quarter of this calender year, the report said. 
 
From a regional standpoint, Delhi-National Capital Region had an edge over others in January-March with $914 million, whereas Bengaluru saw investments of $875 million. 
(PTI)

Information technology, banking and tourism firms bagged a total of $3.1 billion fund in the first three months of 2016

Private equity investments in January-March amounted to $3.1 billion through 160 transactions, registering a moderate two per cent decline in terms of deal value over last year, says a PwC report. PwC is India's one of the leading auditing and consulting firms. In comparison with the year-ago period, there was a considerable decline of 24 per cent in terms of deals numbers. January-March 2015 quarter had seen 211 deals worth $3.16 billion. "Indian macros continue to gain health and this is likely to spur M&A and funding activities over the next few months - however we expect this to be sectoral," PwC India leader Private Equity Sanjeev Krishan said. A sectoral analysis shows despite a shortfall in big deals in e-commerce, the information technology & IT-enabled services (IT&ITeS) sector continued its dominance with an investment flow totaling $1.26 billion in 92 deals. "The Digital India programme and ongoing efforts on Smart Cities are driving spending on software and IT services," Sandeep Ladda, leader - Technology, PwC India said. "The expected growth in the sector will provide more opportunities for investors." Banking, financial services and insurance sector (BFSI) came a distant second, attracting $430 million. With a single deal, the travel and tourism sector added $321 million to its account. "There has been a definite slowdown in the e-commerce/ digital and consumer internet deals and the next few months are likely to see some consolidation in the sector," Krishan said. According to PwC MoneyTree India report, a quarterly study of private equity investment activity based on data provided by Venture Intelligence, appetite for private equity continued to be strong with late-stage investments of $1.32 billion invested into mature companies. Growth-stage investments also played a significant role, attracting $918 million in the first quarter of this calender year, the report said. From a regional standpoint, Delhi-National Capital Region had an edge over others in January-March with $914 million, whereas Bengaluru saw investments of $875 million. (PTI)

India attracted $3.1 billion worth private equity investment from January to March: PwC

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Rising cyberattacks affect majority of India's big companies

India attracted $3.1 billion worth private equity investment from January to March: PwC