According to the ‘2021 Thales Global Data Threat Report,’ a commissioned study conducted by 451 Research, part of S&P Global Market Intelligence, while 38% of respondents in India remain very concerned about security risks while working remotely, the global total is 39%.
According to a new report, 40% of Indian businesses reported an increase in the volume, severity, and/or scope of cyber attacks in the last 12 months after a year of pandemic-driven remote working, compared to 47% globally.
According to the ‘2021 Thales Global Data Threat Report,’ a commissioned study conducted by 451 Research, part of S&P Global Market Intelligence, while 38% of respondents in India remain very concerned about security risks while working remotely, the global total is 39%.
Despite being over a year into remote working and the likelihood of a future shift to hybrid working models, security remains a top issue for Indian organisations, according to the report, with managing security risks becoming increasingly challenging in the country.
Ashish Saraf, VP and Country Director – India, Thales, said “Many organisations experienced heightened security challenges over the last year and with the increasing number of ransomware attacks, organisations are now facing a double extortion threat,”
He added “Not only could they be locked out of their critical IT and OT systems but also have their sensitive data released on the Internet,”
Malware (56%) is the most leading source of security attacks among Indian respondents, followed by ransomware (53%), phishing, and credential stuffing (both 43%).
Respondents from India identified malicious insiders (40%), external attacks (25%) and human error (25%) as the most threat of cyberattacks.
Saraf emphasised “The traditional aspect of just relying on a sound backup and restore strategy is no longer sufficient, organisations need to implement a comprehensive digital security including controlling access to data, encryption of sensitive data coupled with secure management and control of encryption keys,”
Despite the increased risk that remote working has brought to enterprises throughout the epidemic, nearly half of Indian respondents (48%) said their security infrastructure is unprepared to tackle the risks posed by Covid-19.
In reality, barely one out of every five organisations (21%) believes it was well prepared.
The report revealed “Forty eight per cent of respondents from India rank third-party vendor networks as the biggest target for cyber attacks, followed by on-premises legacy applications (44 per cent), cloud-based storage (40 per cent) and web applications (38 per cent),”