TaaSera claimed its attack warning and response engine (AWARE) system works in a pre-emptive way, by operating on the inside of the perimeter defences where the greatest damage from breaches actually occur.
US-based cyber security company TaaSera on Thursday made its foray into the Indian market to cash in on the government's 'Digital India' initiative.
"India is vulnerable to cyber crimes on account of its growing economic progress. Our market assessment phase has had great response and we are confident that our product in the Indian cyber defence arena will be a game changer," TaaSera vice-president Nitin Akarte said here.
TaaSera claimed its attack warning and response engine (AWARE) system works in a pre-emptive way, by operating on the inside of the perimeter defences where the greatest damage from breaches actually occur.
According to an ASSOCHAM-Mahindra SSG study which was conducted this year, the number of cyber crimes in India may reach 300,000 in 2015, almost double the level of last year.
That compares better than the number of reported instances in developed nations.
Industry experts say the number of crimes reported in India is not a good measure for comparison, given the ansence of disclosure laws, says reuters report.
"The point is India does not have public disclosure as law, unlike in the United States and many parts of the western world," said Ranndeep Chonker, director of global solutions at FireEye.
"A lot of information about such breaches gets swept under the carpet."
The global IT security market is estimated to be worth $77 billion in 2015 and growing at more than 8 percent annually, according to Indian industry body NASSCOM.
The algorithms detect malicious behaviors in context and provide actionable intelligence in real time, thus preventing data breaches and loss of business continuity, it said.
The launch comes amid growing concerns on cyber security in the country, which has recently declared its aspiration to digitise rapidly through the 'Digital India' initiative.
It also comes days after attacks like the one on the commercial arms of space agency Indian Space Research Organisation (ISRO) and on the website of realty portal Housing.com.
The company claims that it has helped its clientele, which includes Fortunes 1000 companies, by averting breaches.
(With Agencies)
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