The study, titled “Understanding the Cybersecurity Threat Landscape in Asia Pacific: Securing the Modern Enterprise in a Digital World” involved a survey of 1,300 business and IT decision makers. “More than three in five organizations (62 per cent) surveyed in India have either experienced a cybersecurity incident (30 per cent) or are not sure if they had one as they have not performed proper forensics or data breach assessment (32 per cent),” the findings showed. The survey ranged from mid-sized organizations (250 to 499 employees) to large-sised organizations (more than 500 employees). To calculate the cost of cybercrime, Frost & Sullivan created an economic-loss model based on macro-economic data and insights shared by the survey respondents.
The study also examined the current cyber security strategy of organizations in India. It found that nine in 10 (92 per cent) Indian organizations are looking to leverage Artificial Intelligence (AI) to enhance their cyber security strategy. Additionally, more than one in five (22 per cent) of Indian organizations have witnessed benefits of using AI to achieve faster and more accurate detection of threats. “Most organizations lack a cybersecurity strategy, while for a large majority cybersecurity was an afterthought. About 59 per cent (three in five) respondents said the fear of cyber attacks has hindered digital transformation projects,” the study noted. (IANS)
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