The digital transformation journey of Indian organizations is getting increasingly hindered by cyberattacks, according to a recent study.
The survey, jointly conducted by cybersecurity firm Forcepoint and IT analyst firm Frost & Sullivan, revealed that 95 percent of organizations have embarked on a digital transformation journey. It also stated that 61 percent of respondents stated that the risk of cyber-attacks is delaying their digitalization progress.
According to research findings, 46 percent of organizations, that begun executing their digital transformation projects, encountered a security incident and 20 percent of the organizations didn’t conduct breach assessment in the last 12 months. The report also highlighted that only 18 percent of respondents thought about cybersecurity at the early stages of the digital transformation projects.
“It’s clear from this study that many APAC organizations are on the back foot when it comes to enterprise cybersecurity in the borderless organization,” said Kenny Yeo, Industry Principal, APAC ICT, Frost & Sullivan. “Security leaders need to look beyond perimeter security, leverage automation, and have a better grasp of the psychology of both cybercriminals and their business users. Incorporating behavior modelling into their IT security architecture is certainly a way to identify potential risks and fend off cyberattacks.”
Rise of Data Breaches
The study found that 69 percent of Indian organizations are at risk from cyber-attacks where 44 percent of them have encountered data breach before.
Banking, Financial Services and Insurance (BFSI), IT services, and Business Process Outsourcing (BPO) services emerged as the top sectors to perform regular breach assessment to ensure there was no security incident in the company.
“Organizations today need to urgently embrace “secure-by-design” into their digital transformation projects. Adopting a behavior-centric security approach that focuses on understanding users’ behavior on the network and within applications to identify behavioral anomalies can mitigate cyberattacks before they happen,” said Alvin Rodrigues, senior director and security strategist at Forcepoint Asia Pacific.