According to a report released on Wednesday, at least 64 percent of organisations have been unable to launch new projects because they have been unable to handle cybersecurity risks.
Cybersecurity firm Kaspersky reported that this is due to difficulties in finding an acceptable security solution that would not interfere with the project’s performance, maintenance, or other aspects.
Dipesh Kaura, General Manager, Kaspersky South Asia, said in a statement, “With more than 10 million 5G-ready devices already in the Indian market and 5G network in the last stages of preparation before launch this year, we are clearly looking at largescale IoT deployment in the country. Members of the industry or government gearing up for IoT play must use this report’s finding as an encouragement to shore up their cybersecurity measures,”
Kaura added “That is because cyberattacks on IoT systems and infrastructure carry not just data loss and reputational risks but also risks to lives and well-being of people. We need to redefine 5G-readiness in a way that recognizes cybersecurity as a standard expectation,”
The most typical project that organizations have had to abandon owing to these challenges is the implementation of new IT solutions (52%). Changes in corporate policy (50%) and the launch of new business projects (49%) come in second and third, respectively.
According to the report, this issue echoes another statistic in the survey, which shows that three-quarters of businesses (81%) have struggled to find a suitable security solution at some point.
Protection tools may not be suitable for a various reasons, the most common of which are performance issues (47%), as well as maintenance difficulties (47%).
These are crucial because they might affect the level of protection provided, as well as compatibility issues (45%) affecting business processes, according to the report.
This is especially important when it comes to protecting specialised software or firmware, such as industrial, manufacturing, or Internet of Things (IoT). Hence, it’s important that IT security teams find compromises and workarounds to deliver both performance and security, it added.