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Amid what is being called the ‘global funding winter’, if investors are bullish on one area, it’s generative artificial intelligence (GenAI). Indian GenAI startups have received a cumulative investment of $700 million in the last three years, showed estimates by technology industry apex body NASSCOM.

The report anticipated that the sector would witness long term significant growth owing to factors such as the young techsavvy population, a larger consumer base, its dependency on informal financial and commercial systems, and multiple initiatives by the government towards digitalization.

The Indian cybersecurity sector successfully repelled numerous cyberattack attempts, including a peak of 16 lakh Distributed Denial of Service (DDoS) attacks per minute, on the G20 portal during the summit, according to revelations made by the Indian Cyber Crime Coordination Centre (I4C) CEO Rajesh Kumar during the annual conference.

In 2023, Banking Tech secured funding of $331 million, marking a significant drop of over 50% from the $671 million funding received in the preceding year. The sector has greatly profited from digitalization, with digital banking gaining popularity in both urban and rural regions, largely due to the increase in internet usage and mobile device accessibility.

A total of 110 events have been planned to include those on cutting edge technologies such as cybersecurity, AI and ML, which will be held alongside events on robotics and other areas A release said the theme this year is spokes of time depicting the evolution of technology over time

XDR s detection and response, powered by machine learning, excels at identifying malicious login attempts and anomalous user behaviour. Upon detection, it enhances alerts by cross referencing databases of leaked passwords, applying a risk scoring algorithm and integrating additional threat intelligence.

8 Essential Cybersecurity Tips To Protect Your Digital Identity In our modern lifestyle, the internet plays an indispensable role, handling various activities such as grocery shopping and property exploration. While the internet provides immense convenience, it also exposes us to cybersecurity threats.

The combination of India Stack and cloud computing is a powerful force driving the next phase of digital evolution. NASSCOM predicts that global investments in hyper-scale data centres will reach $200 billion annually by 2025, demonstrating the transformative impact of cloud technology.

In 2023, the deeptech funding crossed $500 million and the investment in such technologies will continue to see an upward trend in 2024 too, according to a report by industry body Nasscom and management consulting firm Zinnov. With the focus shining bright on generative artificial intelligence, 70% of the start-up founders are embedding artificial intelligence (AI) in their solutions.

Union minister for power and new & renewable energy R. K. Singh , warned that cyberthreats remain a constant danger, emphasizing the need for GridIndia to adequately prepare for these challenges. His comments came during the 7th GridIndia Day celebration in New Delhi, marking the independent operation of Grid Controller of India Limited as a central public sector enterprise for seven years.