About 67% of Indian government and essential services experienced more than 50% increase in disruptive cyberattacks in 2022-2023, a report said on Sept 7.

According to researchers from an American cybersecurity company, about 45% of Indian businesses saw over 50% increase in disruptive attacks -- the highest in Asia-Pacific region (APAC).

The researchers surveyed 200 Indian IT decision-makers, CTOs, CIOs, and senior directors to understand the state of cybersecurity in India, belonging to sectors such as banking & finance, essential services, telco/tech/communications, retail/hotel/F&B, transport & logistics, and manufacturing.

“Our findings show that the transport, manufacturing, and public sectors have borne the brunt of advanced attacks. As India embraces digital transformation, it is mission critical to have a cybersecurity-first approach,” said Anil Valluri, MD & regional vice president of India & SAARC, Palo Alto Networks - the firm who conducted the survey.

Companies are taking preventing steps

Although India saw a 75% increase in cybersecurity budget allocation for 2023 compared to the previous year, the report said that it also experienced the highest number of disruptive cyberattacks.

Moreover, the report mentioned that 60% of Indian organisations are concerned about malware (ransomware, spyware, adware) attacks the most, while 57% of Indian Telcos are concerned about ransomware the most.

About 94% of organisations performed regular assessments and forensics for OT-related cybersecurity incidents.

“While budgets may be expanding, it is essential to utilise these resources diligently. Enterprises, regardless of their size, must proactively adopt a Zero Trust architecture to secure distributed enterprise networks,” Valluri said.

Around 42% of Indian organisations said they are adjusting their cybersecurity strategy to adopt cloud security, while 94% said they have a 5G strategy in place.

(Source: IANS)

-Edited for style

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