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Gartner Forecasts Security and Risk Management Spending in India to Grow 12% in 2024

  GenAI-Driven Attacks Require Changes to Application and Data Security Practices and User Monitoring End-user spending on security and risk management (SRM) in India is forecast to total $2.9 billion in 2024, an increase of 12.4% from 2023, according to a new forecast from Gartner, Inc. Indian organizations will continue to increase their security spending through 2024 due to legacy IT modernization using cloud technology, industry demand for digital platforms, updated regulatory environment, and continuous remote/hybrid work. “In 2024, chief information and security officers (CISOs) in India will prioritize their spending on SRM to improve organizational resilience and compliance,” said  Shailendra Upadhyay , Sr Principal at Gartner. “With the introduction of stringent government measures mandating security breach reporting and digital  data protection , CISOs are facing heightened responsibility in safeguarding critical assets against evolving cyber threats.” Gartner a...
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Targeting Mobile NFC Ecosystem


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Published on Tuesday, 05 June 2012 15:42


Ericsson and Aconite have teamed up to provide a service that securely delivers and remotely manages applications for consumer’s NFC (Near Field Communications) enabled mobile phones. Banks wishing to issue contactless mobile payments applications are the service’s primary market. Other markets include organisations issuing access, ID, loyalty, ticketing and proximity marketing applications.





Together, Ericsson and Aconite will offer application issuers a turnkey solution for distributing mobile-based products.The solutions is a fast track to the market, offering a route with lower risk and capital-investment.



It is based on the integration of the Aconite Mobile Application Manager with the Ericsson Trusted Service Manager (TSM) service, through Global Platform standard interfaces. The solution enables an issuer to create a security domain within the secure element (of any type) in the NFC handset and to load, personalise, update or delete applets on that domain.

The Aconite Mobile Application Manager is standard compliant with Global Platform standard messaging interfaces, ensuring the issuers’ data is isolated from the mobile infrastructure and maintained securely. End users can also transfer data between their security domains within secure elements and Aconite Mobile Application Manager, in order to manage payment transactions, EMV scripts, prepaid top-ups and other transactions securely and privately.

“Our collaboration with Ericsson lets us offer retail financial institutions, of all sizes, the opportunity to give their customers world-class mobile payments services economically and without delay,“ says Patrick Rdgester, SVP sales and marketing, at Aconite. The Ericsson TSM platform lowers the barriers of entry to the contactless ecosystem for issuers, says Richard Anell, head of Ericsson's IPX business.

-----Ericsson

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