Odisha News, Odisha Latest news, Odisha Daily - OrissaPOST
  • Home
  • State
  • Metro
  • National
  • International
  • Business
  • Opinion
  • Feature
  • Timeout
  • Entertainment
  • Sports
  • Sci-Tech
  • Others
    • COVID-19
    • Today’s Pic
  • Home
  • State
  • Metro
  • National
  • International
  • Business
  • Opinion
  • Feature
  • Timeout
  • Entertainment
  • Sports
  • Sci-Tech
  • Others
    • COVID-19
    • Today’s Pic
No Result
View All Result
OrissaPOST - Odisha Latest news, English Daily -
No Result
View All Result

Need for global collaboration to deal with cybercrime: CAG

PTI
Updated: February 6th, 2023, 17:00 IST
in Business, Sci-Tech
0
Cybercrime
Share on FacebookShare on TwitterShare on WhatsAppShare on Linkedin

Lucknow: Observing that cybercrime has become a major economic threat, CAG GC Murmu Monday underlined the need for supreme auditing institutions (SAI) to forge cooperation to deal with this menace.

Cybersecurity threats often do not respect national boundaries, so international cooperation is vital to protecting against them, Murmu said while addressing the 6th Shanghai Cooperation Organisation (SCO)-SAI meeting here.

“Governments must work together with SAIs to share information and best practices, and to coordinate efforts to combat cyber threats,” he added.

High-level delegations from eight SCO member countries are participating in the three-day multilateral event that is deliberating on issues related to cyber security and artificial intelligence, and the role of auditors of the SCO nations.

India currently holds the SCO presidency, which annually rotates among member countries. India’s 2023 theme is ‘Towards a Secure SCO’, where it will work with the delegation of federal auditors from these eight countries.

Addressing federal auditors of SCO nation, Murmu said cybercrime has become a major economic threat, costing the global economy an estimated $6 trillion annually, which is projected to reach nearly $10 trillion by 2025.

Cybercriminals have a history of embracing cutting-edge technologies, and AI is no exception, he added.

There are reports of AI-powered malware being developed to even evade two-factor authorisations like One-time Passwords (OTP), security software and spam filters, he said.

AI algorithms are being used to guess passwords and analyse social media profiles, he said, adding cyber criminals are now using AI to create convincing fake images, audio, and video to deceive their targets.

These malicious AI applications make it easier for criminals to gather information, trick people and steal sensitive information, thereby increasing the need for robust cybersecurity measures, he noted.

Thus, one of the main challenges is the constant evolution of cyber threats, which makes it difficult for governments to keep up with the latest risks and vulnerabilities, he said.

Additionally, he said governments often have limited resources to devote to cybersecurity, which can further hinder their ability to protect their systems and networks.

Talking about other challenges, the Comptroller and Auditor General of India (CAG) said many governments face the presence of legacy systems based on older technology, which may not be able to withstand modern cyber threats.

Upgrading these systems can be costly and time-consuming, which makes it difficult for governments to keep their systems secure, he added.

Governments also need to balance the requirement to protect sensitive information with the need to collaborate with private sector partners to improve cybersecurity, he added.

Inaugurating the conference, Uttar Pradesh Governor Anandiben Patel said federal auditors play an important role in maintaining transparency in governance and proper utilisation of public funds.

She also urged the SAIs to collaborate and cooperate in dealing with cybercrime.

PTI

Tags: cyber attackCYBER SECURITY'CybercrimeHackers
ShareTweetSendShare
Suggest A Correction

Enter your email to get our daily news in your inbox.

Related Posts

Whatsapp

WhatsApp’s new feature to keep creators informed about status of their channels

September 24, 2023
PhonePe

PhonePe announces Indus Appstore for Android developers to take on Google

September 23, 2023
AI, Jobs, Writing, Editing, Journalism, ChatGPT,

AI can replace auditors, accountants: Union Finance Secretary

September 23, 2023
Pakistan inflation

Pakistan’s weekly inflation surges 38.66%

September 23, 2023
Income tax

I-T Dept urges taxpayers with previous arrears to have them adjusted in refund claims

September 23, 2023
Larry Summers

India needs to grow at 8% to bring about transformational changes in lives of people: Larry Summers

September 23, 2023

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

OrissaPOST epaper Sunday POST OrissaPOST epaper

Click Here: Plastic Free Odisha

No Content Available

Archives

Editorial

Normalised Killings

Aakar Patel
September 24, 2023

Extrajudicial killings are normal in India and are called encounters. They refer to the State’s murder of an accused who...

Read more

TRAI’s Future

September 23, 2023

The Centre is reportedly mulling over a crucial amendment to the TRAI Act, aiming to reshape the telecom sector. This...

Read more

India Canada Tiff

September 20, 2023

The tiff between India and Canada seems to be swinging out of control. It all started some years ago when...

Read more

Hostage Diplomacy

US citizens Siamak Namazi, right, Emad Sharghi, third left, and Morad Tahbaz, second right, after landing in Doha, Qatar. (EPA)
September 19, 2023

China’s diplomatic manoeuvrings and successes in the Middle East seem to have forced the US not to waste any more...

Read more
  • Home
  • State
  • Metro
  • National
  • International
  • Business
  • Opinion
  • Feature
  • Sports
  • Sci-Tech
  • About Us
  • Advertise
  • Contact Us
  • Career
Developed By Ratna Technology

© 2020 All rights Reserved by OrissaPOST

  • Home
  • Metro
  • State
  • National
  • International
  • Sports
  • Business
  • Entertainment
  • Feature
  • Opinion
  • Sci-Tech
  • COVID-19
  • Today’s Pic
  • About Us
  • Contact Us
  • Career
  • Facebook
  • Twitter

© 2020 All rights Reserved by OrissaPOST