Post-pandemic Era is Witnessing an Influx in the Number of Cyberattacks

Business leaders all over the world are seeking to deploy advanced cybersecurity measures to gain an edge over their competitors, but most importantly, to safeguard sensitive information about the company, its employees, and customers from attackers and malpractitioners. Our growing dependence on technology is one of the major reasons why malpractitioners are getting easy access to our personal information and sensitive data, leveraging it, and gaining billions in return. In a nutshell, cybersecurity has become crucial for our safe existence.

Over the years, the concept of cybersecurity has mostly denoted a malicious position. But to counter hacking, companies are also using hacking as a solution. White-hat hacking or ethical hacking has become a predominant method in cybersecurity to ensure the safety of the company and the individuals who are associated with it. However, even after adopting advanced cybersecurity solutions, companies are still being easily hacked by malpractitioners. Based on reports, around 45% of cyberattacks are directed toward small and medium-sized businesses, and only 15% of them are able to defend themselves efficiently. The need to constantly evolve with the expanding domination of technology is quite critical in these times.

Coming to the scenario of cybersecurity in India, it is quite needless to mention that businesses in India also need the embrace the changing requirements in this domain and adopt the essential solutions that can prevent thefts and scams. Cybersecurity scams in India dramatically increased during the pandemic period. Companies across the world, especially India, reported cybersecurity breaches that took days to get resolved. India's fast-growing digital market is only fuelling cyber threat issues. The heavier dependence on technology is causing the number of malicious practitioners to grow by the day. 

While the need for cutting-edge cybersecurity policies remains dominant in India, this Analytics Insight survey reveals how much Indian companies and business leaders are aware of the different types of threats that are predominant today and the steps they are taking to fight back. The survey highlights the following key findings: 

• Around 91.2% of the respondents are well aware of cybersecurity and the significance it carries.
• Approximately 50% of the respondents believe that the work-from-home environment is safer to protect personal and company data, whereas, 33.8% of them believe otherwise, and other rest of the respondents are unsure about the situation.
• About 61.8% of them have accepted that their companies have been under cyberattacks, whereas 38.2% of them have denied it.
• Out of the 268 respondents, 60.3% of them have accredited that employees working from home with less supervision and technical knowledge end up making the system vulnerable, however, 30.9% of them believe otherwise and the remaining respondents are unsure of the situation.
• A majority (66.2%) of respondents feel that the post-pandemic era is witnessing an influx in the number of cyberattacks, whereas, 19.1% of them deny it. Other 14.7% of them are unsure. 

The report explores more such interesting insights and will be beneficial for individuals/organizations embracing advanced cybersecurity solutions to protect their organizations from malpractitioners.