NEW DELHI: Cybersecurity spending is rising throughout sectors however stopping knowledge loss brought on by cyberattacks is proving to be a troublesome process for a lot of firms.
Around 70% of firms in India use as many as 10 options concurrently for knowledge safety and cybersecurity, whereas 30% run greater than 10, but 57% of them suffered sudden downtime as a result of knowledge loss within the final one 12 months, reveals a brand new survey by Acronis, a Singapore-based cybersecurity firm.
Downtime can result in enormous lack of income and popularity for organisations. It also can result in heavy penalty underneath knowledge safety legal guidelines. According to Gartner’s estimates, common price of 1 minute of system downtime is about $5,600. For massive organisations, the prices are even larger.
Security consultants have repeatedly emphasised that investing in a number of options doesn’t essentially improve safety. Most typically it will increase complexity and reduces visibility for the IT staff, leading to heightened threat.
Rustom Hiramaneck, common supervisor, South Asia at Acronis factors out, “extra options don’t ship larger safety, as utilizing separate instruments to deal with particular person sorts of publicity is difficult, inefficient and dear.”
The report additional dwells on the shortage of transparency in cybersecurity practices, which complicates issues for IT staff.
For occasion, it was discovered that 35% of IT customers and 11% of IT professionals in India couldn’t inform if their knowledge had been modified with out their data as in comparison with 63% and 16% of their world counterparts, respectively. In most circumstances, the options utilized by them made discovering that troublesome.
The survey additionally discovered that 20% of IT professionals in India, as in comparison with 13% globally, don’t know if their organisation is topic to knowledge privateness laws. Security consultants imagine lack of this perception takes the onus away from IT staff from implementing methods to forestall knowledge loss.
India is within the technique of rolling out its knowledge safety legal guidelines on the strains of Europe’s General Data Protection Regulation (GDPR). The Personal Data Protection Bill, 2019, is at present being analysed by a joint parliamentary committee and is anticipated to be tabled within the House someday this 12 months.
Last month, union house ministry knowledgeable Parliament that cyberattacks on Indian entities rose virtually 300% in 2020 to succeed in 1,158,208 from 3,94,499 assaults detected in 2019, citing knowledge from Computer Emergency Response Team (CERT-In), India’s nodal cybersecurity company.
For the survey, Acronis interviewed 4,400 IT customers and professionals in 22 international locations, together with India.
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