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Week in Review — CISO Peaking, India Arrests Cybercrime Gang
Despite rising compensation and expanded responsibilities, CISOs face challenges due to tight security budgets. A survey by IANS Research indicates that CISOs at large U.S. companies earn an average of $532,000, reflecting their growing role in assessing business risk and digital strategy. However, budget approvals are more likely when expenditures are directly linked to business growth initiatives, highlighting the need for CISOs to align security efforts with organizational objectives.
Indian police in the state of Andhra Pradesh dismantled a cybercrime operation modeled after Southeast Asian scam centers, arresting 33 individuals and detaining over 100. Operating from the Atchutapuram Special Economic Zone, the group ran fake call centers impersonating Amazon support to defraud victims in the US, UK, and Australia. Experts attribute the proliferation of such syndicates in regions like India to factors such as a large pool of tech workers, economic disparities, and weak cybercrime law enforcement.