Data security on online transactions a challenge
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Vishal Dhupar
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While on-line transactions are growing year-on-year globally the
challenge to protect data is becoming enormous, said Managing Director,
India and SAARC, Symantec Corporation, Vishal Dhupar.
He was addressing the media on how Symantec can help entrepreneurs in
Sri Lanka to secure and manage data.
“Growth in on-line transaction in Asia has been on par with the world
and is expected to triple this year. Today the mode of doing business is
changing rapidly and the need to ensure security of information is
vital”, Dhupar said.
With the shift from the industrial to digital age the consumer’s
needs and lifestyles have changed. In a rapidly changing global business
environment confidentiality of data for enterprises is a priority.
Organisations are increasing their budgetary allocation on data
security.
Unlike in the past today information is accessed real-time from any
location. Today digital crimes have become sophisticated and the rate is
growing at an alarming proportion. Organisations are grappling to
mitigate risks and prevent huge losses.
He said the attack velocity has increased 10 to 12 times and today
banks are facing phising attacks than ever before. From July to December
last year attacks increased than the previous years. The threat
landscape is changing from hackers to underworld robbers.
Home computer users are often the weakest link in the chain and are
the most targeted. Threats to confidential information will increase.
Phisers are employing increasingly sophisticated methods which cannot be
easily detected.
“Cutting down costs, agility in a high performing business
environment, ensuring information is protected and viable when needed
and making IT a business partner and not a cost centre are some of the
key benefits of data security”, Dhupar said.
Symantec, a global leader in providing security, storage and systems
management solutions helps business and consumers secure and manage
their information. Headquartered in Cupertino, Califonia, Symantec has
operations in over 40 countries. LF |
