Cyber Review

Cyber Review

Date: May 05, 2022

A cyber-attack on the public sector oil major Oil India Limited (OIL) disrupted its IT system and was accompanied by a ransom demand of USD 7.5 million. Chinese hackers targeted India's northern power grid along the disputed India-China border in Ladakh.

To enhance cyber preparedness and resilience against such attacks, the National Security Council Secretariat conducted its maiden 10-day National Cyber Exercise (NCX), at which around 150 senior management and technical personnel of Government/Critical Sector organisations and security agencies were trained on contemporary cyber threats, and the handling of cyber incidents, and response.

Prime Minister Modi urged industry to make India a semiconductor hub of the world based on the principles of high technology, high quality and high reliability. In response to an incentive package of $10-billion towards capability development in the semiconductor field, five proposals have been received to set up electronic chip and display manufacturing plants with investment of $20.5 billion (%u20B91.53 lakh crore).

The much-awaited recommendations of the Telecom Regulatory Authority of India (TRAI) on 5G spectrums were released on April 28, paving the way for spectrum sale and expected 5G rollouts by August 15, India’s Independence Day.

CERT-In issued directions relating to information security practices, procedure, prevention, response and reporting of cyber incidents under the provisions of Information Technology Act, 2000, requiring organizations to report cybersecurity incidents to CERT-IN within six hours.

NATO’s Cooperative Cyber Defence Centre of Excellence (CCDCOE) conducted the thirteenth edition of Locked Shields, its annual live-fire cyber defense exercise, from April 19 to April 22. More than 2,000 participants from over 32 countries tested the readiness of national, military, and civilian IT systems against attacks targeting vital services and critical infrastructure by simulating a realistic, large-scale assault against an entire nation.

The European Union reached agreement to enact a ‘Digital Services Law requiring companies to more aggressively police their platforms for illicit content or risk billions of dollars in fines.
Elon Musk launched a successful bid for the social media company Twitter, with a $44 billion deal to take it private. He appears likely to strengthen the company’s position on free speech.

The fourth India-U.S. 2 2 Ministerial Dialogue endorsed the 2021 reports of the UN Open Ended Working Group (OEWG) and the UN Group of Governmental Experts (UNGGE), which articulate a framework of responsible state behavior in cyberspace, and committed to work together in future multilateral negotiations to encourage States to implement the framework.

India and the EU agreed to launch a Trade and Technology Council. This strategic coordination mechanism will allow both partners to tackle challenges at the nexus of trade, trusted technology and security.