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69% Indian Firms Face Serious Cyber Attack Risk: Study

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CyberSecurity

While 69 per cent Indian and 63 per cent Australian companies are most at risk of cyber attack, 35 per cent of organisations in the region suffered at least one cyber security incident in the last 12 months, says a sector study.

According to a recent study by leading IT analyst firm Frost & Sullivan, findings of which were released on May 9 here by Forcepoint, a leader in global cyber security, around 83 per cent of organisations in the Asia Pacific region do not think about cyber security while embarking on digital transformation projects.

Although a majority of the organisations (72 per cent) conduct regular breach assessment to protect themselves against cyber attacks, still 55 per cent of them continue to be at risk.

“It’s clear from this study that many APAC organisations are on the back foot when it comes to enterprise cyber security in the borderless organisation,” said Kenny Yeo, Industry Principal, APAC ICT, Frost & Sullivan.

With 95 per cent of respondents having embarked on a digital transformation journey, adopting emerging technologies, including cloud computing, mobility, Internet of Things, and artificial intelligence/machine learning, the study reveals a big push among APAC organisations for digitization.

However, 65 per cent of respondents acknowledged that they were seriously hampered in execution of digital transformation projects due to rising cyber attacks.

One of the key reasons for this is the less mature approach by business leaders to involve cyber security when designing digital transformation projects. It is also evident from the fact that around 83 per cent of the companies did not consider cyber security until after their digital transformation projects had begun.

The news first appeared in ET Telecom.

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