STARTUPS CAN BE THE GAME-CHANGER IN THE CYBERSECURITY MARKET

You are currently viewing STARTUPS CAN BE THE GAME-CHANGER IN THE CYBERSECURITY MARKET

Dhanunjaya Rao AVN

Interview

Dhanunjaya Rao AVN
Vice President, Global Service Delivery, Cotelligent India

Dhanu, Vice President-Global Service Delivery, Cotelligent India Dhanunjaya Rao AVN (Dhanu) is the Vice President – Global Delivery Head at Cotelligent India. He is a seasoned Delivery Management expert in services and captives. Dhanu has successfully delivered value and technology-driven business solutions to customers. He has worked on large-scale IAM deployments across different industries. He is passionate about building high-performance teams, staff development, and collaborating with crossfunctional and multi-location team.

Tell us about your role in Cotelligent India and how is the company working towards eliminating cybersecurity risks globally?

As a Global Delivery head, I’m responsible for strengthening the company’s end-to-end Cyber Security delivery and ensuring that
customer operations are smooth-sailing. My role also includes introducing new delivery capabilities and automating delivery processes, which enables our clients to operate securely and seamlessly.

Cotelligent Govern with a Proactive Risk Management Program (GRC) combines our expertise and technology to ensure that organizations can effectively respond to such incidents, maintain compliance, and mitigate potential risk from emerging threats. The
GRC program can empower organizations to proactively and continuously analyze current and potential risks, implement appropriate
security measures, and audit the established security policies across systems and resources. What is more, the program also ensures that the entity is up-to-date with compliance and regulation.

What are the different types of attacks that corporates and organizations face?

The pandemic has left entities more vulnerable to cyberattacks. This is evident in reports that suggest that cyberattacks have nearly
doubled over the past couple of years. Threat actors leverage a variety of attack types to infiltrate enterprise networks. Phishing attacks, identity theft, social engineering, ransomware, and Denial-of-Service attacks are just a few of the most common examples. Entities must proactively and routinely assess their cybersecurity defenses and adopt the appropriate security protocols to safeguard against this new gen of cyberattacks.

What solutions are available for the different kinds of cybersecurity attacks and what more can be expected in the future?

Artificial Intelligence (AI) and Machine Learning (ML) are often leveraged in threat detection processes like malware scanning. The
cybersecurity industry also relies on AI and ML to develop advanced security systems such as biometric and facial detection software, natural language and speech processing programs and multi-factor authentication (MFA) tools.

ML algorithms are also used in developing User and Entity Behaviour Analysis (UEBA) programs. Typically, a UEBA program records a user’s conduct while they are using an entity’s technology assets to detect and report any deviations and uncommon behaviour.

More technological advancements can be expected in this area in the future, especially developments in the password-less authentication space.

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How important has it become for governments to ramp up cybersecurity measures in today’s scenario where everything has become automated? Technological automation is at its peak and is rapidly being adopted by industries across the globe. It is imperative for governments to implement stringent cybersecurity policies that stem the flow of potential data leaks and fraud. The responsibility of educating organizations and the public at large about the importance of inculcating good cybersecurity practices lies with the governments. Our flagship product, “Intellicta” is designed to help organizations be updated with all types of regulatory reporting and take proactive steps to address security concerns. Nations across the globe, including the US, Russia, China, and Israel, are racing against time to develop cyberwarfare tools that are capable of defending against and curbing cyberattacks. The National Cyber Security Strategy and Cyber Swachhta Kendra are laudable initiatives launched by the Indian government to address the growing cyber risks. 2021 is the year of unicorns and the inflexion point that the Indian Startup Ecosystem was waiting for. Why do you think more startups should venture into the cybersecurity space? In the aftermath of the pandemic, remote working conditions have become the new normal. There is a shift in attitude toward how businesses perceive the role of cybersecurity in a company’s success. The pandemic saw entities across the globe impacted by large-scale data breaches and ransomware attacks. These attacks cost companies millions of dollars in damages and forced some SMBs to shut shop. As a result, global entities are now more interested in investing in cybersecurity than ever before. Startups are meant to be game-changers in the market – transforming product and service offerings. This is one of the most opportune times for a startup to venture into the cybersecurity space. In the last year alone, Indian cybersecurity companies have managed to nearly double their profits, proving how profitable the industry has been, even during an otherwise dismal economic phase. We at Cotelligent are thrilled to enter the Indian market and are excited to collaborate with Indian entities to usher in a new generation in the cybersecurity industry.