According to a recent report released on Tuesday, nearly 73% of Indian firms foresee a data breach affecting customer data in the next 12 months.
According to cybersecurity firm Trend Micro, the top three negative outcomes of an cyberattack ranked by Indian organizations lost IP, critical infrastructure damage/disruption, and cost of outside consultants and experts.
Vijendra Katiyar, Country Manager, India & SAARC, Trend Micro, said “Once agai,n we’ve found plenty to keep CISOs awake at night, from operational and infrastructure risks to data protection, threat activity and human-shaped challenges,”
Nearly 57% of Indian businesses surveyed stated that it was somewhat to very likely that they would be targeted by cyber-attacks in the following 12 months.
While 34% experienced more than 7 cyberattacks that breached networks/systems, 20% experienced more than 7 data breaches of information assets.
30% of respondents stated they’d had more than seven data breaches affecting customer data in the previous year.
Ransomware, watering hole attacks, botnets, malicious insiders and advanced persistent threats (APT) were the top cyber risks in India, which was highlighted in the report.
Malicious insiders, cloud computing infrastructure and providers, organisational misalignment and complexity, and negligent insiders are among the top security risks to infrastructure, according to the report.
Katiyar said “To lower cyber risk, organisations must be better prepared by going back to basics, identifying the critical data most at risk, focusing on the threats that matter most to their business, and delivering multi-layered protection from comprehensive, connected platforms,”