The incident is improper privilege management that could have allowed threat actors to reveal sensitive data as unprivileged local users and launch arbitrary commands on default installs such as Ubuntu, Debian, and Fedora. Its alias is aka ssh-keysign-pwn.
In an important ruling amid surging digital financial fraud attacks, the Bombay HC sided with the customer protection norms. It directed Bank of Baroda to return Rs. 1.24 crore to the victim private firm that lost money in a SIM-swap case. The court stressed that if a consumer reports fraud promptly in time, “zero liability” is ruled, and the bank must reimburse the losses.
The order was given by a division bench of the HC, which included Justices Manjusha Deshpande and Bharati Dangre, when private company PNP Polytex (based in Mumbai) submitted a petition. Polytex alleged that Rs.1.24 crore had been stolen from its bank accounts illegally and without knowledge.
About court proceedings
As per the submissions to the court, the firm informed the bank soon after finding malicious transactions and asked the accounts to be frozen. The bank could only save Rs. 47.8 lakh, the remaining money was already stolen by the hackers. After this, the firm moved to HC for help.
Later, enquiry revealed that the scam was done using a SIM-swap tactic, where hackers get control of the target’s registered contact number. This lets the hackers intercept OTPs and do banking transactions without the account owner's consent and knowledge. The high court found that the scam was done by third-parties, and showed no evidence of negligence on consumer’s end.
During the proceedings, the court referred to the July 6, 2017 statement given by the RBI, which laid down the customer protection guidelines in incidents of illegal electronic banking transactions. According to the circular, the consumers are entitled to zero liability if they report fraud transactions within 72 hours (three days).
In the judgement, the high court stressed that if a customer informs the bank about a scam or fraud, it is the duty of the bank to return the disputed amount back to the victim’s account. The court also said that the burden of proving customer negligence is on the bank too.
The court rejected the bank's defenses that it had followed the due process and security measures, and the bench labelled the argument as a “lame excuse,” saying that such mechanisms become powerless when a SIM card is hacked. The court also attributed another ruling in an incident where HDFC bank was held liable under similar situations.
After revising the previously frozen funds, the High Court ordered the bank to return the remaining sum plus 6% interest within eight weeks.
As cyber attacks continue to grow in frequency and complexity, organizations are facing increasing pressure to rethink who should be responsible for protecting their systems, operations, and sensitive data. Security experts say cybersecurity is no longer simply an IT issue. Instead, it has become a business-wide responsibility that requires involvement from leadership teams, employees, and external security partners alike.
The discussion comes at a time when cyber threats are affecting organizations at an alarming scale. According to the UK Government’s Cyber Security Breaches Survey 2025/2026, 43% of businesses and 28% of charities reported experiencing cybersecurity breaches or attacks during the past year. The numbers were considerably higher among medium-sized businesses, where 65% faced incidents, and large enterprises, where the figure rose to 69%. High-income charities were also heavily targeted, with 34% reporting attacks.
Phishing continued to dominate as the most common threat. The survey found that 93% of affected businesses and 95% of impacted charities encountered phishing-related attacks. These scams often involve deceptive emails, fake websites, fraudulent login portals, or impersonation attempts designed to steal credentials and sensitive information. Other cyber threats, including malware infections and digital impersonation schemes, also remain a persistent concern for organizations.
The financial damage linked to cybercrime is equally significant. Research associated with cybersecurity company ESET estimated that cyber attacks cost UK businesses nearly £64 billion annually, highlighting the growing economic impact of digital threats.
With risks continuing to escalate, many organizations are reassessing who should oversee cybersecurity strategy and decision-making. Experts say there is no universal model, as responsibility often depends on a company’s size, structure, industry requirements, and risk exposure.
In smaller businesses, cybersecurity duties are frequently managed by IT managers or internal technology teams. However, industry specialists warn that relying solely on technical departments may create gaps between security planning and broader business objectives. As organizations expand, many experts believe cybersecurity leadership should move closer to executive management.
Durgan Cooper, director at CETSAT, emphasized that cybersecurity accountability should ultimately rest with senior leadership or board-level executives. According to Cooper, effective protection requires coordination between technical teams, company leadership, and third-party partners while ensuring that security priorities align with organizational goals.
Within larger enterprises, cybersecurity responsibilities are commonly led by Chief Information Security Officers, often working alongside Chief Information Officers and other senior executives. Spencer Summons, founder of Opliciti, stated that organizations need cybersecurity leaders capable of understanding evolving threats, communicating risks clearly to boards, and integrating security into long-term business planning. He also noted that sectors such as healthcare and finance face additional regulatory pressure that makes executive oversight even more important.
Cybersecurity professionals increasingly stress that protecting organizations cannot remain the responsibility of a single department. Matthew Riley, European Head of Information Security at Sharp Europe, recommended that businesses establish clear governance frameworks defining who is responsible for different security tasks. Many companies now rely on systems such as RACI matrices, which identify who is responsible, accountable, consulted, and informed during cybersecurity operations and incident response.
Experts caution that assigning cybersecurity entirely to IT departments may leave important business risks overlooked. At the same time, distributing responsibility too broadly can weaken accountability and slow decision-making during critical incidents. Instead, many specialists advocate a shared-responsibility culture where cybersecurity awareness is integrated across the entire organization.
The growing intensity of cyber attacks has also increased pressure on cybersecurity professionals themselves. Security teams are now managing ransomware campaigns, phishing attacks, supply chain compromises, and AI-assisted threats at an unprecedented pace, often with limited staffing and resources. Experts say spreading cybersecurity awareness and responsibilities throughout the organization can help reduce burnout while improving overall resilience.
Thom Langford, EMEA Chief Technology Officer at Rapid7, argued that cybersecurity must become part of every business function rather than remaining isolated within security teams. According to Langford, organizations are more resilient when employees across all levels actively participate in protecting systems and identifying suspicious activity.
Industry leaders also believe executive involvement plays a decisive role in cybersecurity effectiveness. Specialists from Qualys noted that Chief Information Security Officers should ideally report directly to CEOs or boards rather than operating solely under IT leadership. This structure helps organizations approach cybersecurity as a broader business risk issue instead of treating it purely as a technical challenge.
Alongside internal leadership, many businesses are increasingly turning to external cybersecurity providers for additional expertise and support. Outsourcing security operations can help companies address skill shortages and resource limitations, but experts warn that organizations must still maintain strategic oversight. Businesses are advised to conduct thorough vendor assessments, establish strong service-level agreements, and continuously monitor external providers to reduce operational risks.
Security specialists say outsourcing works most effectively when external consultants collaborate closely with internal teams instead of replacing them entirely. Maintaining internal visibility and control remains critical for ensuring cybersecurity strategies stay aligned with company objectives.
As cyber threats continue growing, experts increasingly agree that cybersecurity ownership cannot rest with one person alone. Effective security strategies require executive accountability, technical expertise, employee participation, and continuous collaboration across departments and external partners. Organizations that treat cybersecurity as a company-wide responsibility rather than a siloed IT function are likely to be better prepared for the growing challenges of the modern digital threat environment.
India’s fast-growing digital economy is creating an urgent demand for cybersecurity professionals, but companies across the country are finding it increasingly difficult to hire people with the technical expertise required to secure modern systems.
A new study released by the Data Security Council of India and SANS Institute found that businesses are facing a serious shortage of skilled cybersecurity workers as technologies such as artificial intelligence, cloud computing, and API-driven infrastructure become more deeply integrated into daily operations.
According to the Indian Cyber Security Skilling Landscape Report 2025–26, nearly 73 per cent of enterprises and 68 per cent of service providers said there is a limited supply of qualified cybersecurity professionals in the country. The report suggests that organisations are struggling to build teams capable of handling increasingly advanced cyber risks at a time when companies are rapidly digitising services, storing more information online, and adopting AI-powered tools.
The hiring process itself is also becoming slower. Around 84 per cent of organisations surveyed said cybersecurity positions often remain vacant for one to six months before suitable candidates are found. This delay reflects a growing mismatch between industry expectations and the skills available in the job market.
Researchers noted that many applicants entering the cybersecurity workforce lack practical exposure to real-world security environments. Around 63 per cent of enterprises and 59 per cent of service providers said candidates often do not possess sufficient hands-on technical experience. Employers are no longer only looking for basic security knowledge. Companies increasingly require professionals who understand multiple areas at once, including cloud infrastructure, application security, digital identity systems, and access management technologies. Nearly 58 per cent of enterprises and 60 per cent of providers admitted they are struggling to find candidates with this type of cross-functional expertise.
The report connects this shortage to the changing structure of enterprise technology systems. Many organisations are moving away from traditional on-premise setups and shifting toward cloud-native environments, interconnected APIs, and AI-supported operations. As businesses automate more routine tasks, demand is gradually moving away from entry-level operational positions and toward specialised cybersecurity roles that require analytical thinking, threat detection capabilities, and advanced technical decision-making.
Artificial intelligence is now becoming one of the largest drivers of cybersecurity hiring demand. Around 83 per cent of organisations surveyed described AI and generative AI security skills as essential for future operations, while 78 per cent reported strong demand for AI security engineers. The findings also show that nearly 62 per cent of enterprises are already running active AI or generative AI projects, which experts say can create additional security risks if systems are not properly monitored and protected.
As companies deploy AI systems, the attack surface for cybercriminals also expands. Security teams are now expected to defend AI models, protect sensitive datasets, monitor automated systems for manipulation, and secure APIs connecting multiple digital services. Industry experts have repeatedly warned that many organisations are adopting AI tools faster than they are building security frameworks around them.
Some cybersecurity positions remain especially difficult to fill. The report found that almost half of service providers and nearly 40 per cent of enterprises are struggling to recruit security architects, professionals responsible for designing secure digital infrastructure and long-term defence strategies. Demand is also increasing for specialists in operational technology and industrial control system security, commonly known as OT/ICS security. These professionals help protect critical infrastructure such as manufacturing facilities, power systems, transportation networks, and industrial operations from cyberattacks.
At the same time, companies are facing growing retention problems. Around 70 per cent of service providers and 42 per cent of enterprises said employees are frequently leaving for competitors offering better salaries and career opportunities. Limited access to advanced training and upskilling programs is also contributing to workforce attrition across the sector.
The findings point to a larger issue facing the cybersecurity industry globally: technology is evolving faster than workforce development. Experts believe companies, educational institutions, and training organisations may need to work more closely together to create industry-focused learning pathways that prepare professionals for modern cyber threats instead of relying heavily on theoretical instruction alone.
With India continuing to expand digital public infrastructure, cloud adoption, fintech services, AI development, and connected industrial systems, cybersecurity professionals are expected to play a central role in protecting sensitive information, maintaining operational stability, and preserving trust in digital platforms.
A recent analysis of cybercrime data of last year (2025) disclosed that ransomware victims have risen rapidly by 45% in the previous year. But this is not important, as there exists something more dangerous. The passive dependence on hacked credentials as the primary entry point tactic is the main concern. Regardless of the platforms used, the accounts you are trying to protect, it is high time users start paying attention to password security.