Businesses brace for more cyberattacks – The New Indian Express

Express press service

BENGALURU: Many organizations, regardless of size, have transformed their operations to facilitate remote working during the pandemic period. Although a few companies across industries have returned to routine – office work – many companies continue to track and support remote working. Among the many challenges that these companies face, the main one is that of security threats. Businesses across industries are now focusing on cybersecurity as remote working is more at risk. Deloitte highlights the fact that 47% of people fall for a phishing scam while working from home.

Recently, Cisco’s Duo launched its first data center in India to help bolster security. A Cisco survey indicates that 37% of cybersecurity technologies used by enterprises in India are considered obsolete by their security managers. In March this year, Google announced the acquisition of cybersecurity firm Mandiant. Subhalakshmi Ganapathy, Product Evangelist, IT Security, at ManageEngine, explains that a data security incident can also lead an attacker to breach the security perimeter and gain access to internal network components.

She suggests that to address these issues, organizations can reset passwords for all stolen accounts, enable mandatory 2FA (two-factor authentication) for all account logins, and back up all data and files. important. According to IBM Security X-Force Threat Intelligence Index 2022, India is among the top three most targeted countries in Asia, and Ransomware was the dominant attack type against organizations in India. IBM also announced a multi-million dollar investment in its resources to help businesses prepare for and manage the growing threat of cyberattacks against organizations in the Asia-Pacific region.

Most Indian organizations don’t know if they can recover from a ransomware attack and the situation is probably worse than before, given that companies around the world manage more than 10 times the amount of data they five years ago, says Ripu Bajwa, managing director. Manager, Data Protection Solutions, Dell Technologies, India.

“It has also been found that cybercrime will cost the world $10.5 trillion per year by 2025,” Bajwa adds.
The 2021 Dell Technologies Global Data Protection Index (GDPI) results revealed that enterprises face several data protection challenges due to the constant threat of ransomware and the consumption of emerging technologies such as cloud and AI.

“India is taking bold steps in cybersecurity and data security. These bold moves are reflected in new government policies and decisions by India’s Computer Emergency Response Team – CERT-In to report data breaches and the like,” says Darshit Ashara, Principal Threat Researcher, CloudSEK , a cybersecurity start-up. “Data compromise by new attacks is inevitable, but you can add as many obstacles and trigger alarms to stay ahead of the game,” he adds.

Regular password checks
According to Ripu Bajwa, organizations must consider a strategy that will enable them to make progress in the ever-changing IT landscape with solutions that help protect traditional and modern workloads with a singular approach. To be better able to protect their data against threats, they will need to put data security at the center of their decisions.

“Making the need to change passcodes part of a company’s security policy can help reduce the risk of ongoing cyberattacks. Additionally, using a multi-factor authenticator and advising staff to set strong passwords strengthens the layers of protection,” adds Bajwa. Other than that, moving to the cloud to store all confidential information can allow businesses to better protect and manage their data.

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