Hyderabad: India’s first cyber security cluster, Hyderabad Security Cluster (HSC), being developed by Hyderabad Security Foundation (HSF), is going to create multiple centers of excellence (CoEs) across Hyderabad. A corpus of $500 million is aimed at for scaling up of HSC in the coming years.
HSC founding member Dr Zaki Qureshey told Telangana Today, “We are going to create our first centre of excellence in Engineering Staff College of India (ESCI). The COE will carry out research and development, innovation and capacity building. Data breach investigation professionals will also be trained at this centre. It will be operational in the second quarter of 2020.”
Discussions are on with the National Industrial Safety Academy (NISA) for the second CoE. We are in talks with GMR for the third CoE possibly near the Aerospace Park and the fourth will come up as part of the T-Hub Phase II. Each CoE will focus on a specific area of cyber security.
HSC is going to collaborate with JNTU, Osmania University, IIT and IIIT. It has already been working with NALSAR. There will be specific activities targeted at schools to create awareness on cyber security, Dr Qureshey said. \
He added, “Verizon has provided an open framework for the HSC to create these centres of excellence and consolidation of logs will be done from here. We will step up efforts to create data breach investigation capabilities in India. We have already signed a MoU with ESCI in this direction.”
Dr Qureshey informed, “We are also going to handhold startups working in the cyber security space. We want to create one unicorn in this space in Hyderabad. We have already handpicked some startups and are going to provide mentorship and funding support.”
The HSC has organised the Hague Summer School as its first initiative followed by its participation in the Data Breach Investigations Report (DBIR) facilitating the Telangana government. Verizon, Checkpoint and Symantec together are working with the HSC to create a unique training programme which will be rolled out soon.
Bengaluru and Ahmedabad in India and Middle East and Africa are keen to create satellite clusters working along with the HSC as the hub.
Financially motivated cyber-attacks on the rise
Security solutions company Verizon unveiled its 12th edition of Data Breach Investigations Report (DBIR), which showed that financially motivated cyber-attacks are on the rise across industry verticals. The report received data points from contributors over 80 countries including Telangana government, the sole contributor from India. The report analysed 41,686 security incidents and 2,013 confirmed breaches from 86 countries and 73 contributors. In terms of the data contributors, this year’s has been the highest since the launch of the report. The report also analysed 1.5 billion data points of non-incident data.
Prashant Gupta, Head of Solutions South East Asia & India, Verizon, told Telangana Today, “Money can come from financial services, retail and education sectors. Wherever the money comes, there comes cyber vulnerability.” On other major trends, he added, “Globally, pin and chip technology is being deployed by the payments companies. Even regulators are looking at this aspect more seriously. RBI is one among the early agencies that have made efforts through its regulations to reduce and address data breaches.”
The DBIR showed that ransomware attacks accounted for 4 per cent of the malware incidents analysed, ranking at two in most used malware types. Also, the compromise web-based email accounts using stolen credentials are on the rise. And one-quarter of all breaches are still associated with espionage. The report reveals that senior executives in companies are the prime target for social incidents and breaches than the previous years.
The report also indicated a decrease in human resource personnel facing attacks, negligible crypto-mining attacks, external threat factors accounting for 69 per cent of the breaches, the greater role of insiders in attacks in the healthcare sector, rise in cyber-espionage in the public sector and reduction in point-of-sale breaches in the retail sector.
Hyderabad Police Commissioner Anjani Kumar said, “There is a need to have adequate training within the law enforcement departments. While physical crime is coming down, cybercrime is on the rise. There is a need to widen the base of the police department and all the investigating agencies. A lot of activity has begun and a lot more can be done in future. We are creating training facilities and partnering with organisations in this direction.”