Adani Enterp. 2538.00↓-6.35(-0.25%)
Adani Ports 734.25↑7.40(1.02%)
Apollo Hospitals 4612.00↑2.10(0.05%)
Asian Paints 3131.60↑3.20(0.10%)
Axis Bank 931.65↑4.70(0.51%)
B P C L 362.20↓-2.10(-0.58%)
Bajaj Auto 4628.95↑13.00(0.28%)
Bajaj Finance 6918.95↑14.45(0.21%)
Bajaj Finserv 1450.00↑10.85(0.75%)
Bharti Airtel 819.05↑1.10(0.13%)
Britannia Inds. 4592.00↓-4.20(-0.09%)
Cipla 952.50↑1.15(0.12%)
Coal India 246.70↑5.20(2.15%)
Divi's Lab. 3486.00↓-28.00(-0.80%)
Dr Reddy's Labs 4557.40↑26.45(0.58%)
Eicher Motors 3692.90↑2.55(0.07%)
Grasim Inds 1700.00↑11.70(0.69%)
H D F C 2690.40↑39.80(1.50%)
HCL Technologies 1131.40↓-7.80(-0.68%)
HDFC Bank 1637.60↑21.80(1.35%)
HDFC Life Insur. 578.35↑1.15(0.20%)
Hero Motocorp 2785.00↑39.85(1.45%)
Hind. Unilever 2664.45↑12.10(0.46%)
Hindalco Inds. 423.25↑9.70(2.35%)
ICICI Bank 951.35↑0.65(0.07%)
IndusInd Bank 1289.80↑21.75(1.72%)
Infosys 1313.10↓-4.35(-0.33%)
ITC 449.00↑5.40(1.22%)
JSW Steel 704.00↑2.30(0.33%)
Kotak Mah. Bank 1959.65↑14.60(0.75%)
Larsen & Toubro 2225.50↑7.05(0.32%)
M & M 1325.35↑43.50(3.39%)
Maruti Suzuki 9346.45↓-53.50(-0.57%)
Nestle India 21592.05↑10.30(0.05%)
NTPC 176.65↑2.15(1.23%)
O N G C 159.35↓-4.40(-2.69%)
Power Grid Corpn 235.70↓-1.60(-0.67%)
Reliance Industr 2515.25↑8.75(0.35%)
SBI Life Insuran 1215.65↑19.90(1.66%)
St Bk of India 594.75↑8.75(1.49%)
Sun Pharma.Inds. 964.30↓-5.60(-0.58%)
Tata Consumer 794.35↑4.65(0.59%)
Tata Motors 522.05↑3.60(0.69%)
Tata Steel 108.50↑2.10(1.97%)
TCS 3321.05↓-7.85(-0.24%)
Tech Mahindra 1116.95↑2.20(0.20%)
Titan Company 2772.95↑30.80(1.12%)
UltraTech Cem. 7811.75↑89.90(1.16%)
UPL 690.55↑2.45(0.36%)
Wipro 402.15↑0.45(0.11%)

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

Data Protection, cybersecurity, digitisation, security

Premium

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

6 min read Last Updated : Feb 19 2023 | 6:23 PM IST

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,