The digital boom's cybersecurity pitfalls: Negligence may spoil the party

The large-scale adoption of cloud and the work-from-anywhere model have led Indian businesses to step up investment in data protection

Sourabh Lele
Data Protection, cybersecurity, digitisation, security

India was hit by 1.39 million cybersecurity incidents in 2022. Over 4.5 million cases were tracked in the last five years

Even as Indian organisations -- from start-ups to large corporations -- are cashing in on digitisation, cloud adoption and work-from-anywhere culture, experts warn that negligence of cybersecurity and risk management may spoil the party.
A recent report from Gartner has forecast end-user spending on security and risk management in India, ranging from infrastructure protection and identity access management to application security, at $2.65 billion in 2023 -- up by 8.3 per cent over the previous year. As in 2022, security services will remain the segment with the highest levels of end-user spending in India in 2023, predicts the technology research and consulting firm.
“Many organisations in India lack in-house security capabilities, and as a result, they engage security consulting and IT outsourcing companies to meet their requirements,” says Rustam Malik, senior principal analyst at Gartner. The rising number of ransomware attacks,

Also Read

What do unique terms in the data protection bill mean?

Google has trained 40,000 people in cybersecurity so far: Vice President

Mondelez Intl expands multi-year cybersecurity contract with HCLTech

India's revised data protection bill 'promising, clear': Meta's Nick Clegg

70% respondents want data protection bill to drop localisation rule: Survey

Technology is making trade more trendy

Meta-owned WhatsApp adds new stickers for avatar pack on iOS, Android

Google rolls out memory, energy saver modes for Chrome on Mac, Windows

Mozilla Firefox adds three new extensions for its Android web browser

Google Meet users gets new 360-degree video backgrounds on mobile

First Published: Feb 19 2023 | 6:11 PM IST

Explore News

To read the full story, subscribe to BS Premium now, at just Rs 249/ month.

Key stories on are available only to BS Premium subscribers. Already a BS Premium subscriber?LOGIN NOW

Register to