Indu Bhusan Nath's Blog

Incidences of cyber attacks have been continuously increasing. And the damages of the attacks have become more alarming. Due to the availability of AI-based tools and advanced software, Cyber criminals have the privilege of causing more destruction than before. During 2023 alone, the estimated cost of cyber-attacks to the global economy was USD 8 trillion. And the cost of the attacks has exhibited a significantly rising trend year-on-year. According to the available estimates, the cyber attack cost will increase to around USD 10.5 trillion by 2025 from USD 3 trillion in 2025, exhibiting a 15 percent compounded annual growth rate. Therefore, cyber security has become one of the topmost priorities for organizations and governments. Cyber security trends have been continuously upgrading to deal with the evolving cyber-attacks. Due to the recent advancement in cyber security technology, the measures for detecting and countering sophisticated cyber attacks can elicit success. And you can ex...

In the US, telecom companies have borne the brunt of increasing cyber-attacks. During the last few years, the country’s telecom industry has been a top-target for cyber-criminals. The sector's attractiveness for cyber-criminals arises from the possibility of stealing sensitive customer, business, or government data due to the transmission of such data through the communication infrastructure. In addition, the interconnectedness of networks enables the attackers to create significant damages with the least effort. Understandably, any successful cyber-attack on the industry can allow cyber-criminals to steal information, such as names, phone numbers, emails, addresses, and other sensitive information of customers. After accessing the customer information, cyber-criminals can use it to carry-out crimes, such as blackmailing the customers, stealing their money from the bank, etc. Moreover, the criminals can blackmail businesses, or leak government decisions after stealing secret inform...