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AMD to invest $400 million in India by 2028: Here’s what we know

US chipmaker Advanced Micro Devices said on Friday it will invest around $400 million in India over the next five years and will build its largest design center in the tech hub of Bengaluru. AMD’s announcement was made by its Chief Technology Officer Mark Papermaster at an annual semiconductor conference that started Friday in Prime Minister Narendra Modi’s home state of Gujarat. Other speakers at the flagship event include Foxconn Chairman Young Liu and Micron CEO Sanjay Mehrotra. Despite being a late entrant, the Modi government has been courting investments into India’s nascent chip sector to establish its credentials as a chipmaking hub. AMD said it will open its new design centre campus in Bengaluru by end of this year and create 3,000 new engineering roles within five years. “Our India teams will continue to play a pivotal role in delivering the high-performance and adaptive solutions that support AMD customers worldwide,” Papermaster said. The new 500,000-square-foot (55,5...
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India now second Cloud hacking targeted country after US

As per a new report, India is now second most cloud hacking targeted country in the world after the United States of America (USA). As per the report, the US and India are followed by countries like Australia, Canada and Brazil.

With the shift to a more flexible pandemic workforce, cyber criminals have introduced new and updated threats and tactics in campaigns targeting prominent sectors, such as government, financial services and entertainment.

The government was the most targeted sector in Q2 of 2021 with a 64 per cent increase in publicly reported cyber incidents, according to the ‘Advanced Threat Research Report: October 2021’ by McAfee Enterprise.

“Ransomware has evolved far beyond its origins, and cybercriminals have become smarter and quicker to pivot their tactics alongside a whole host of new bad-actor schemes,” said Raj Samani, McAfee Enterprise fellow and chief scientist.

“Names such as REvil, Ryuk, Babuk and DarkSide have permeated into public consciousness, linked to disruptions of critical services worldwide,” he added.

The most targeted sectors by ransomware in Q2 of 2021 were the government, followed by telecom, energy, and media and communications.

Spam showed the highest increase of reported incidents — 250 per cent — from Q1 to Q2 2021, followed by Malicious Script with 125 per cent and Malware with 47 per cent.

Financial services were targeted the most among the reported cloud incidents, followed by healthcare, manufacturing, retail and professional services.

“The US experienced the most reported incidents in the second quarter, and Europe saw the largest increases in reported incidents in Q2 with 52 per cent,” said the report.

The second quarter of 2021 was a vibrant quarter for ransomware, earning its place as a high-profile cyber agenda item for the US administration following the Colonial Pipeline attack.

“In the second quarter of 2021, we continued to see the challenges of shifting cloud security to accommodate a more flexible pandemic workforce and an increased workload, which presented cybercriminals with more potential exploits and targets,” the report mentioned.

(With inputs from IANS)

The post India now second Cloud hacking targeted country after US appeared first on BGR India.



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