Companies brace for more cyber attacks- The New Indian Express

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Express News Service

BENGALURU: Many organizations, regardless of size, have transformed their businesses to facilitate teleworking during the pandemic period. Although several companies in different sectors have returned to routine office work, many companies continue to monitor and support telecommuting. Of the many challenges these companies face, security threats are critical. Companies in different sectors are now focusing on cyber security, as there is a greater risk exposure due to teleworking. Deloitte highlights the fact that 47% of individuals fall for phishing scams while working from home.

Recently, the Cisco Duo launched its first data center in India to help boost security. A Cisco survey says 37% of cybersecurity technologies used by companies in India are considered obsolete by their security leaders. In March this year, Google announced the acquisition of cyber security company Mandiant. Subhalakshmi Ganapathy, product evangelist, IT security, at ManageEngine says a data security incident could lead to an attacker breaking through the security perimeter and gaining access to internal network components.

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

Most Indian organizations are unsure whether they will be able to recover from the ransomware attack, and the situation is probably worse than before, given that companies manage more than 10 times more data globally than five years ago, says Ripu Bajwa, director and Managing Director General, Data Protection Solutions, Dell Technologies, India.

“It has also been determined that cybercrime will cost the world $ 10.5 trillion a year by 2025,” Bajwa added.
The findings of the Dell Technologies 2021 Global Data Protection Index (GDPI) found that organizations face several data protection challenges driven by the constant threat of ransomware and the consumption of new technologies such as the cloud and AI.

“India is taking bold steps in cyber security and data security. These bold steps are reflected in the new government policies and decisions of the Indian Computer Emergency Team – CERT-In for reporting data breaches and others, ”said Darshit Ashara, Chief Threat Researcher, CloudSEK, Cyber ​​Security Startup. “Compromising data through new attacks is inevitable, but you can add as many obstacles and alarms as possible to be one step ahead,” he added.

Regular password checks
Ripu Bajwa says organizations need to consider a strategy that will allow them to make progress in an ever-evolving IT environment with solutions that help protect traditional and modern workloads with a unified approach. To be in a better position to protect their data from threats, they will need to keep data security at the heart of their decisions.

“Incorporating the need to change passwords as part of a business security policy can help reduce the risk of continuous cyber attacks. In addition, using a multi-factor authenticator and advising staff to set strong passwords contributes to levels of protection, ”adds Bajwa. In addition, moving to the cloud to store all confidential information can enable companies to better protect and manage their data.

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