Active Stocks
Thu Mar 28 2024 15:59:33
  1. Tata Steel share price
  2. 155.90 2.00%
  1. ICICI Bank share price
  2. 1,095.75 1.08%
  1. HDFC Bank share price
  2. 1,448.20 0.52%
  1. ITC share price
  2. 428.55 0.13%
  1. Power Grid Corporation Of India share price
  2. 277.05 2.21%
Business News/ Industry / Infotech/  Microsoft opens cybersecurity centre to boost investments in India
BackBack

Microsoft opens cybersecurity centre to boost investments in India

Microsoft's Cybersecurity Engagement Centre, located in Delhi, aims to build a trusted and secure computing environment, a critical enabler for India's digital transformation

Anant Maheshwari (left), president, Microsoft Corporation (I) Pvt. Ltd; and Bhaskar Pramanik, chairman, Microsoft Corporation (India) Pvt. Ltd, at the Cybersecurity Engagement Centre in Delhi. Photo: Ramesh Pathania/MintPremium
Anant Maheshwari (left), president, Microsoft Corporation (I) Pvt. Ltd; and Bhaskar Pramanik, chairman, Microsoft Corporation (India) Pvt. Ltd, at the Cybersecurity Engagement Centre in Delhi. Photo: Ramesh Pathania/Mint

New Delhi: Microsoft India on Friday launched its first full-scale Cybersecurity Engagement Centre (CSEC) in the country, giving a fillip to its cybersecurity investments in India.

Located in Delhi, this first-of-its-kind centre in India will bring together Microsoft capabilities to foster deeper cybersecurity collaborations with public and private sector organisations and build a trusted and secure computing environment, a critical enabler for India’s digital transformation. This centre will focus only on India specific malware data and will work with government agencies and Microsoft partners to detect and respond to data breaches.

Announcing these cybersecurity investments in the country, Bhaskar Pramanik, chairman, Microsoft India, said, “Data is becoming the driver of growth and innovation across every sector and will catalyze the 4th industrial revolution. We believe security of critical information is imperative for our corporate customers, just as it is vital to ensure security and privacy of citizen data and transactions. Our first investment towards this was setting up our local data centers in India last year, and today’s launch of the Cybersecurity Engagement Center is the second. Our cybersecurity investments in the country underline our relentless commitment to partnering India in realizing its digital vision."

Pramanik also shared that globally over the years 160 million customer records have been compromised, it takes 229 days between infiltration and detection and the cost/business impact per breach is $3 million, thus emphasizing the fact that we live in turbulent times, and we will be breached.

Also Read: Microsoft develops first human-like speech recognition system

This centre has been launched after a year-long pilot, and this is Microsoft’s seventh Cybersecurity Center in the world and will function as a satellite to the company’s Redmond Digital Crimes Unit . Microsoft has similar centres in Beijing, South Korea, Japan, Brussels and Singapore.

According to the company, in India, the highest cybersecurity risks include unmanaged and unregulated IT assets usage, procurement and maintenance, poor knowledge of cyber hygiene among users within organizations and the inability of companies to timely monitor, detect and remove cyber threats.

The CSEC will bring together Microsoft and its partners to work in these areas and identify and respond to cyber threats in the country.

The centre will also enable customers to tap into a pool of resources such as security specialists and technologies at Microsoft. As part of Microsoft Consultancy Services, a dedicated India-based response team will offer security consultancy services to enterprise customers. The services offered include cyber monitoring, threat detection using machine learning based technology and rapid response and resolution to cyber threats.

Pramanik also mentioned that the company has also rolled out Microsoft Secure, a nationwide campaign to increase awareness on cybersecurity to help organizations understand their security requirements better.

Through its three-pronged approach of comprehensive platform, unique intelligence and partnerships, Microsoft is aiming to drive educational sessions and coaching sessions with enterprises in the country. The campaign has reached out to over 300 enterprises so far.

Unlock a world of Benefits! From insightful newsletters to real-time stock tracking, breaking news and a personalized newsfeed – it's all here, just a click away! Login Now!

Catch all the Industry News, Banking News and Updates on Live Mint. Download The Mint News App to get Daily Market Updates.
More Less
Published: 21 Oct 2016, 04:05 PM IST
Next Story footLogo
Recommended For You
Infotech Stocks
₹1,547.25-0.26%
₹1,484.10.99%
₹4,928.750.15%
₹3,837.51.2%
₹472.21.66%
Switch to the Mint app for fast and personalized news - Get App