India’s IoT market is in initial phase which is expected to grow exponentially over the next five-year program, where all of the Indian states and Union territories are participating except West Bengal by nominating at least one city for the Smart City challenge. Financial aid will be given by the central and state government between 2017 - 2022 to the cities and the mission will start showing results from 2022 onwards.
India IoT market is projected to grow at a CAGR of +29% during 2017 to 2022. For the growth of the overall market, smart cities project is expected to play vital role. World Bank and Asian Development Bank (ADB) are anticipated to provide loans of $500 million and $1 billion respectively to India for the development of Smart City Project. Amongst all applications, industrial application contributes maximum revenue share in Indian IoT market owing it growing usage in energy management, smart building, manufacturing, conserving energy and environment.
Smart Cities Mission is part of IoT an urban renewal and retrofitting program by the Government of India with a mission to develop 100 cities all over the country making them citizen friendly and sustainable. The government of India launched various projects such as 100 smart cities project and organizations for the adoption and implementation of IoT.
Key Highlights of the Report
Email fraud is nothing new, but online criminals have become ever more-effective at spoofing their identities to trick employees into sending them money. The Australian Centre for Cyber Security (ACSC) recorded losses of over $20M to business email compromise (BEC) attacks last year alone, up 230 percent over the previous year – and the full amount is certain to be much larger.
Cybersecurity Insights - Attack
No matter how robust your security, or how diligent your employees, network credentials are a free pass for cybercriminals. This is mostly because employees are relied upon for their own password management. And with more than 4.8 billion sets of stolen credentials said to be available online, odds are that at least a few of your employees’ user IDs and passwords are just waiting to be used by unscrupulous outsiders. Are you ready to stop them?
Cybersecurity Insights - People
Cyber resilience will be particularly important as Australian organisations face increased pressure to quickly detect, respond to, and manage the repercussions of breaches in the wake of 2018’s Notifiable Data Breaches (NDB) scheme.