in Aerospace / Defence / Security

GlobalData sees increasing cyberattacks spawn proactive cyber defence

Posted 17 June 2021 · Add Comment

According to data and analytics company, GlobalData, the COVID-19 pandemic not only accelerated the pace of transition to virtual across industries but also created an unprecedented opportunity for cybercriminals to hack and break down the IT infrastructure of organisations and the recent spike in phishing and ransomware attacks has warranted organisations to adopt proactive cybersecurity measures.

Image courtesy GlobalData

Manish Dixit, Principal Disruptive Tech Analyst at GlobalData, said: “Ransomware continues to gain momentum and sophistication from both cybercriminals and state-sponsored threat actors. Dominos India's recent data breach compromised data of 180 million customers, including financial details, phone numbers, and GPS locations. To combat such threats, cyber-aware firms are implementing proactive cybersecurity measures that enable them to be resilient, alert, secure, and mitigate cyber risks.”

The Theme Exposure Map by Sectors available in GlobalData’s Disruptor Intelligence Center compares the speed at which different technologies are adopted across industries globally.

GlobalData reveals Banking and Payments, Aerospace and Defense, Insurance, Consumer and Oil & Gas as the top five sectors in terms of the adoption of cybersecurity.

Banking and Payments
Belfius Bank in Belgium teamed up with cybersecurity company OneSpan to safeguard its clients from cybercrime and mobile banking fraud by incorporating OneSpan Mobile Security Suite (MSS) into its mobile app.

Aerospace and Defence
SkyGrid, a Boeing-SparkCognition joint venture, partnered with Texas-based technology company SparkCongition to deploy AI-powered cybersecurity solutions on drones, preventing zero-day cyberattacks while in flight. The collaboration seeks to provide improved airborne security than conventional anti-malware that can identify known threat signatures.

Insurance
Shift Technology has partnered with the Insurance Fraud Bureau (IFB) to build new fraud detection system for the insurance industry in the UK. The platform, which is scheduled to launch in early 2022, will leverage artificial intelligence (AI) technology to ‘learn and grow’. It will be designed to detect and prevent organized fraud in the insurance industry. It will also provide real-time fraud alert to fraud investigators about suspicious activity.

Consumer
Indian food ordering and delivery app Swiggy chose Texas-based Securonix’s automated detection systems, reaction, and compliance capabilities to boost its cybersecurity. Securonix will enable the delivery platform to handle user behavior, threat detection, threat intelligence, and threat modelling from a single point of management.

Oil & Gas

Petrobras collaborated with Baker Hughes to improve digital capabilities and meet the most stringent regulatory standards. The contract covers auditing and calibration technologies, cybersecurity, remote tracking systems, as well as interconnected machinery security devices and sensors.

Mr. Dixit concluded: “Cybersecurity is crucial in various difficulties now confronting enterprises, such as the increased use of remote working and the resulting requirement to offer proper security measures. Corporations must plan ahead of time to achieve the optimum incident preparation, response, and post-event analysis.”

 

 

Other Stories
Advertisement
Latest News

Wizz Air and Doncaster Sheffield Airport sign future growth deal

As the UK aviation sector recovers from the devastating impact of the pandemic, Doncaster Sheffield Airport (DSA) and Wizz Air, have strengthened plans for future growth with the signing of a new deal.

SSTL secures ESA InCubed funding to improve data throughput for small EO satellites

Surrey Satellite Technology Ltd (SSTL) has secured European Space Agency InCubed programme financial and technical support to demonstrate a high throughput, flexible and intelligent payload downlink chain for small Earth

Babcock showcasing innovative tech solutions at AWE 21

Babcock is showcasing the innovative technological solutions needed for an ever changing digital landscape to help drive collective training transformation and improve outcomes at one of the biggest defence events of the year – the

UK and NASA join forces on new mission to study ‘magnetic bubble’ around Sun

The UK Space Agency and NASA have agreed to work together on a mission to observe and map the heliosphere - the area of space surrounding the Sun filled with charged particles known as the solar wind.

Admiral Sir Tony Radakin KCB ADC appointed new Chief of the Defence Staff

Her Majesty the Queen has approved the appointment of Admiral Sir Tony Radakin KCB ADC to take over from General Sir Nicholas Carter GCB CBE DSO ADC Gen as the next Chief of the Defence Staff.

EasyJet launches competition for kids to design zero-emission passenger plane

EasyJet - which became the world’s first major airline to offset the carbon emissions from the fuel used for all its flights in 2019 - is now launching a competition to challenge the brightest young minds to design their vision for future

AdvancedEngin SK2809041121
See us at
AdvancedEngin BT2809041121RAF Museum BT