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,
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