L&T Technology Services opens Digital Twin centre in partnership with Ansys

L&T Technology Services and Ansys open centre for digital twin

L&T Technology Services Limited (LTTS), an engineering services company, and Ansys, a simulation software firm, have signed an memorandum of understanding (MoU) to establish the LTTS-Ansys Centre of Excellence (CoE) for Digital Twin.

The centre will support LTTS in demonstrating industry use cases, develop future facing solutions, and enable its customers to optimise design, manufacturing, and supply chain processes. Ansys' Twin Builder solution will allow LTTS to further expand its market share in digital twin areas.

The digital twin market is valued at $6.5 billion and is expected to reach $125.7 billion by 2030, growing at a CAGR of 39.48%. The CoE will help LTTS showcase digital twin proofs of concept to its customers and speed up their adoption. The collaboration will enable LTTS to meet the growing demand for digital twin solutions and provide access to emerging talent in the technology market.

Infosys recognised as top service provider in the Nordics

Technology services company Infosys has been recognised as one of the top service providers in the Nordics, achieving the highest awarded score in Whitelane Research and PA Consulting’s 2023 IT Sourcing Study.

The report ranked Infosys as the number one service provider and an “exceptional performer” in the categories of digital transformation, application services, and cloud and infrastructure hosting services. Infosys also ranked number one in overall general satisfaction and service delivery.

For the report, Whitelane Research and PA Consulting, the innovation and transformation consultancy, surveyed nearly 400 CXOs and key decision-makers from top IT spending organisations in the Nordics and evaluated over 750 unique IT sourcing relationships and more than 1,400 cloud sourcing relationships. These service providers were assessed based on their service delivery, client relationships, commercial leverage, and transformation capabilities.

Infosys ranked as a top provider in the Nordics across key performance indicators on service delivery quality, account management quality, price level and transformative innovation. The company ranked above the industry average by 8% year-on-year, making it one of the top system integrators in the Nordics.

Also Read

Kiran Mazumdar-Shaw to retire from Infosys Board

Kaspersky discover cryptocurrency theft campaign

Researchers at cybersecurity firm Kaspersky have discovered an ongoing disruptive cryptocurrency theft campaign affecting more than 15,000 users across 52 countries. Distributed under the guise of Tor Browser, the malware operates by replacing a portion of the entered clipboard contents with the cybercriminal’s own wallet address once it detects a wallet address in the clipboard. It’s estimated that—so far in 2023—cybercriminals have been able to steal approximately $400,000 using this malware.

While this technique has been around for more than a decade and originally used by banking trojans to replace bank account numbers, with the rise of cryptocurrency, this new type of malware is now actively targeting crypto owners and traders.

Kaspersky Technologies have detected more than 15,000 attacks using clipboard injector malware targeting cryptocurrencies like Bitcoin, Ethereum, Litecoin, Dogecoin, and Monero.

Security gaps found in online government domains in India

A study on the cyber hygiene of government domains in India conducted by Securin and Ivanti has found several potential gaps in existing security practices. The investigation used the Securin Attack Surface Management platform to passively examine the domains of Indian state governments and union territories.

A few key findings are as follows: Over 10% of domains in Indian states do not have the Secure Sockets Layer (SSL) encryption—a basic security protocol layer. Without the SSL encryption, hackers and threat groups can mount attacks easily and intercept sensitive data. Hundreds of highly sensitive protocols are currently exposed to the internet. These are the most vulnerable and popular exposures threat actors seek.

Over 700 credentials with passwords from all state domains leaked onto the deep and dark web, making these domains extremely vulnerable to phishing attacks, credential misuse, and impersonation. The investigation also found 537 instances of ransomware exposure, which makes the domains extremely vulnerable to ransomware attacks.

Cigniti appoints Srinivas Kandula as executive director

Cigniti Technologies has appointed Srinivas Kandula as its Executive Director on the Board. In his new role, Kandula will work closely with Cigniti's Chairman and MD C V Subramanyam to provide strategic direction and inputs across all functions of Cigniti. Srinivas Kandula was formerly the head of Capgemini India.

“Srinivas's rich and diverse experience will help Cigniti Technologies accelerate its journey towards becoming a billion-dollar quality-first software and digital engineering services company,” said C V Subramanyam, Chairman and MD, Cigniti Technologies.