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How do you view the current security architecture in India?
Even though the usage of Internet is rapidly increasing in India, the awareness of online security is pretty much non-existent. Not many people in India are aware that they need more than just an anti-virus to keep their computers safe and almost none are aware that they can get infected just by visiting a malicious website, whether or not they download anything. While, majority of the users have security software installed in their computers, but very few of them really understand the need for keeping their security software regularly updated. Awareness about phishing is also extremely low in India. In addition, Indian consumers are using their credit and debit cards and also logging into their bank accounts for making payments online.

What are your plans to expand in digital document signature market?
Digital signatures are the electronic equivalent of the traditional signatures on a printed document. A digital signature is more or less an electronic 'fingerprint' or coded message, which is unique to both the document and the signatory and binds both of them together. The digital signature ensures the authenticity of the signatory. Any changes made to the document after it is signed invalidate the signature, thereby protecting against signature forgery and information tampering. Digital signatures help organizations sustain signer authenticity, accountability, data integrity and non-repudiation of electronic documents and forms. With emails and perpetual information and data exchange over the Internet, official documents could be protected and their authenticity emphasised by the use of digital signatures.

In online banking, static passwords are not enough because anyone can pretend to be someone else. Digipass one-time passwords, in combination with transaction signatures, are the best means to protect against phishing, pharming, and man-in-the-middle attacks.

How much investment are you planning to pump in for your operations in India?
According to various market analysts, the worldwide market for digital security is around $20-25 bn. As per them, India currently stands at a meager $250-350 mn approximately. However, on the positive side, despite the gap because of having started late, Indian companies are fast opting for the latest security technologies and this market is rapidly growing at 30% CAGR, which is higher than many other developed countries. The sector with the rate of adoption of latest security solutions is the BFSI industry, followed by the ITES companies. Pharmaceuticals and manufacturing industries are also catching up fast to safeguard their IPRs.

Jatinder Singh
jatinders@cybermedia.co.in