CYBERSECURITY

A technology that has been designed to protect networks, computers, programs and data from attack, damage or unauthorized use. When we speak about security, it can be said that security includes both, physical as well as Cybersecurity.

In order to safeguard Cybersecurity, coordinated efforts throughout the information system is needed.

The major areas that Cybersecurity covers are:

Application Security

Information Security

Disaster Security

Network Security

Application Security includes measures that are taken while developing an application to protect them from threats that can enter through flaws in each phase like development, deployment, upgrading or maintenance.

Information Security aims at protecting information from unauthorized access to avoid identity theft and to protect privacy.

Disaster Security includes a recovery planning process which includes the performance of risk assessment, priorities being set and developing recovery strategies in case of a disaster. A full proof plan should be created to avoid disasters as well as to combat them.

Network security includes activities to protect the usability, reliability, integrity and safety of the network. An effective network security targets various threats and prevents them from entering the network.

According to a report published by Verizon on data breach investigation;

75% of the breaches are performed by the outsiders

25% of the breaches involved internal actors

18% were conducted by staff affiliated actors

3% featured multiple parties

2% involved partners

51% involved organised criminal groups

Some tactics used to breach include hacking, malware, social attacks and in some of the cases physical presence as well.

The industries mainly hit by these attacks are the financial, healthcare, Retail, hotel and public sector entities.

Hackers send emails containing malicious attachments that are opened by the users leading to malware instillation. Software instillation also led to breach caused by phishing attacks reaching as high as 95%.

 

DEMONETIZATION

Demonetization of currency means discontinuity of the particular currency from circulation and replacing it with a new currency. Recently in India banning of the 500 and 1000 denomination currency notes as a legal tender was done.

The government’s stated objective behind the demonetization policy were as follow;

• Attempt to make India corruption free
• To curb black money
• To control escalating price rise
• To stop funds flow to illegal activity,
• To make people accountable for every rupee they possess and pay income tax return. Finally, it is an attempt to make a cashless society and create a Digital India.

There is a background to the current decision of demonetization of 500 and 1000 rupee notes. The government has taken few steps in this direction much before its November 8, 2016 announcement.

As a first step the government had urged people to create bank accounts under Jan Dhan Yojana. They were asked to deposit all the money in their Jan Dhan accounts and do their future transaction through banking methods only.

The second step that the government initiated was a tax declaration of the income and had given October 30, 2016 deadline for this purpose. Through this method, the government was able to mop up a huge amount of undeclared income.

However, there were many who still hoarded the black money, and in order to tackle them; the government announced the demonetization of 500 and 1000 currency notes.

The demonetization policy is being seen as a financial reform in the country but this decision has its merits and demerits.

MERITS

• Will help India to become corruption-free.
• This move will help the government to track the black money.
• Will stop funding to the unlawful activities that are thriving due to unaccounted cash flow.
• The ban on high value currency will also curb the menace of money laundering.
• Will stop the circulation of fake currency.

DEMERITS

• Caused huge inconvenience to the people.
• It has deeply affected business. Due to the cash crunch, the entire economy has been made to come to a standstill.
• Many poor daily wage workers are left with no jobs and their daily income has stopped because employers are unable to pay their daily wage.
• Many people have clandestinely discarded the demonetized currency notes and this is a loss to the country’s economy.

STARTUP INDIA PROJECT

Startup India campaign is based on an action plan aimed at promoting bank financing for start-up ventures to boost entrepreneurship and encourage start ups with jobs creation. The campaign was first announced by Prime Minister Narendra Modi in his 15 August 2015 address from the Red Fort.It is focused on to restrict role of States in policy domain and to get rid of “license raj” and hindrances like in land permissions, foreign investment proposal, environmental clearances. It was organized by Department of Industrial Policy and Promotion (DIPP). A startup is an entity that is headquartered in India which was opened less than five years ago and has an annual turnover less than ₹25 crore (US$3.7 million). The government has already launched iMADE, an app development platform aimed at producing 1,000,000 apps and PMMY, the MUDRA Bank, a new institution set up for development and refinancing activities relating to micro units with a refinance Fund of ₹200 billion (US$3.0 billion).

The Standup India initiative is also aimed at promoting entrepreneurship among SCs/STs, women communities. Rural India’s version of Startup India was named the Deen Dayal Upadhyay Swaniyojan Yojana. To endorse the campaign, the first magazine for start ups in India, The Cofounder, was launched in 2016.

• Single Window Clearance even with the help of a mobile application
• 10,000 crore fund of funds
• 80% reduction in patent registration fee
• Modified and more friendly Bankruptcy Code to ensure 90-day exit window
• Freedom from mystifying inspections for 3 years
• Freedom from Capital Gain Tax for 3 years
• Freedom from tax in profits for 3 years
• Eliminating red tape
• Self-certification compliance
• Innovation hub under Atal Innovation Mission
• Starting with 5 lakh schools to target 10 lakh children for innovation programme
• new schemes to provide IPR protection to start-ups and new firms
• encourage entrepreneurship.
• Stand India across the world as a start-up hub.

SITM

Symbiosis Institute of Telecom Management a pioneer in the field of telecom, is the 1st telecom B- School in the entire SAARC region. Established in the year 1996, SITM has completed 20 glorious years and has entered its 21st year. The aim is to build telecom business leaders who can go hand in hand with the ever changing business scenario. Mapping the industry to the course and delivering the best to the students is what the college aims at doing by conducting regular meetings with the alumni.

Apart from the academics part, there are many events conducted by SITM technological as well as others. SITM is a student driven college, and so everything from events to placements is handled by the students of SITM.

Recently TEDx was conducted by the Entrepreneurship Cell which was a great success. Many renowned speakers like Neha Aggarwal , Jasmin Sandlas, Zubin Atre etc., had come and gave wonderful talks that inspired students and kept them engrossed. ITS being SITM’s flagship event is one where Corporates come and have discussions which help the students learn many new things and the industry requirements. Understanding the hectic life, SITM also conducts Grudge Championship which is handled by the sports cell. Many games such as football, volleyball, cricket, basketball, badminton are played over a period of 3-4 days. The entire college is divided into teams and this not only is a recreational activity but also increases the bond between the seniors as well as the juniors. Apart from all this life at the campus is quiet beautiful.

The idea of investing money in this college and spending 2 years is totally worth it, where you not only learn a lot about academics and the industry but about life as well.