Wipro opens next generation cybersecurity defence centre
A report authored by Wipro earlier...
As cyber attacks are becoming ever more sophisticated, new approaches to cybersecurity are evolving to combat them.
A report authored by Wipro earlier in the year highlighted the increasing challenges faced by the organisations surveyed. Some of the standout findings included the fact that 39% of those organisations have a dedicated cyber insurance policy in place, up 12% from the previous year. 90% have a security budget exceeding 8% of the total IT budget, demonstrating the increasing importance placed on cybersecurity. It’s a necessary investment, considering that on the other side of the coin, the year saw a 164% increase in the number of records exposed.
It’s a state of affairs that has led the Indian information technology and consulting business Wipro to announce the opening of the NextGen Cyber Defence Centre (CDC) in Melbourne, Australia, and its intention to open further sites in Australian cities.
Manoj Nagpaul, Wipro’s Senior Vice President, Head Asia Pacific, and Japan said: “We will offer our customers in the Australian market the ability to leverage our global experience, technical expertise and strategic cyber investments to secure their digital operations. Our CDC will be equipped with state-of-the-art technology enabled infrastructure with continuous security monitoring, a large pool of experienced security professionals and a global delivery model to achieve and scale highly secure integrated platforms.”
The aim is to fortify the digital defences of companies across a number of different industries, including frequent targets of cyber attack such as governmental organisations.
Raja Ukil, Senior Vice President & Global Head, Cybersecurity and Risk Services at the company, said: “The launch of the centre in Melbourne showcases Wipro’s commitment to leverage local talent and specialized expertise to cater to the cyber security needs of the region. The Cyber Defence Centre will enable customers to implement or expand capacities of their in-house services related to vulnerability management, threat intelligence, threat detection and incident response.”
China Takes Additional Step to Control Big Tech’s Data
China’s new Data Security Law will take effect on September 1st, allowing the government major control over the collection, use, and transmission of data. Tech companies have grown exponentially in terms of market size and overall power, and the Chinese government has no interest in alternative power hubs—especially those that belong to private enterprise.
With its Thursday legislation, companies will face extravagant fines if they export data outside of China without authorisation. The Chinese government claims that this will create a legal framework and help companies from taking advantage of citizens, but according to analyst Ryan Fedasiuk from Georgetown University’s Centre for Security and Emerging Technology, “China’s push for data privacy...is yet another move to strengthen the role of the government and the party vis-à-vis tech companies.”
How Do Other Countries Approach Data Privacy?
- Europe: The EU Charter of Fundamental Rights assures EU citizens the right to data protection. The bloc’s General Data Protection Regulation (GDPR), passed in May of 2018, put stringent restrictions on commercial data collection.
- Canada: 28 federal, provincial, and territorial laws govern consumer data privacy; DLA Piper ranks the country’s data protection legislation as heavy, in comparison to Russia (medium) and India (limited).
- The United States: As usual, the States doesn’t have a single comprehensive federal law for data privacy. Instead, its lawmakers have passed hundreds of local and state acts, many of which are seen by the Federal Trade Commission (FTC).
China, in contrast, thinks data should be a national asset and has written data collection into its five-year plan. Although its new legislation will help curtail private access to consumer data, the government may be the final beneficiary.
What Will China Do With the Data?
According to advisors, consumer data can mitigate financial crises and viral outbreaks. It can protect the interest of national security—no surprise—and help the government with criminal surveillance. Right now, Chinese regulators have summoned 13 major tech firms, including Tencent, JD.com, Meituan, and ByteDance, to meet with China’s central bank. Communist Party Chief President Xi Jinping can shut down any companies found violating the new privacy laws, as well as hit them with a fine of up to 10 million yuan—US$1.6mn.
How Will Laws Affect Foreign Firms?
Now, foreign firms must store data on Chinese soil, a practice that many companies protest will infringe on their proprietary data. So far, Tesla will comply: in late May, the electric car manufacturer promised to build more Chinese factories and keep the resulting information within Chinese borders. In fact, businesses hoping to start China-based businesses—such as Citigroup and BlackRock—will have to comply with the “data-localisation laws”.
The Chinese government has framed data as a critical source of intelligence for the party and central government. “You have the most sufficient data, then you can make the most objective and accurate analyses”, Mr Xi told Tencent’s founder, Mr Ma. “The...suggestions to the government in this regard are very valuable”.
Greater digital control is coming, that’s for sure. Mr Xi has named big data as an essential part of China’s economy, right up there with land and labour. “Whoever controls data will have the initiative”.