According to the latest Dell study, a significant portion of Indian enterprises isn’t confident about their security procedures for data.
In our modern world, digital transformation is taking place at rapid speed. The Indian market for digital transformation is expected to expand at a rate of 74.7 percent by 2024.
Companies are looking into cloud-native applications containers AI Machine Learning, creating vast quantities of data. Additionally, many data sets are changing, and the traditional enterprise workloads are being retired or replaced by modern data sets.
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This has resulted in data security becoming a crucial aspect of the overall organizational structure. An upcoming worldwide Dell Technologies study, the Dell Technologies Data Protection Index, found as high as 53% of enterprises in India are not on the right track to achieving their digital transformation targets.
According to the study, Indian businesses lack confidence in managing mission-critical information. About 74% had reported more data loss incidents due to cyberattacks over the last year, and around 68% stated that their current Cyber Security Applications wouldn’t be able to tackle the challenges of the coming years.
With the threat of ransomware, malware data leaks, and the increasing sophistication of cyber attacks, Indian enterprises cannot afford to treat data security as an afterthought, claims Ripu Bajwa, director of sales and general manager, Data Protection Solutions, Dell Technologies.
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As of June 20, 2022, India’s rate of data breaches was 740 percent more than the rate in the first quarter of the year, ranging between 5 and 42 compromised accounts per minute.
Determine and deploy: This is when you implement organizational knowledge to address cyber security threats to people, systems, or assets. Etc.
Protect: Design and implement security measures to ensure critical services are provided to all entities. Protecting is that you can limit the effects of a security incident.
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Detection: Companies must come up with strategies and strategies to detect any security breach or security incident.
Respond: Organizations must be prepared in how they will react and what they should do if they discover a cyber threat.
Recover: The final but most crucial aspect is businesses having a strategy to restore all critical business applications and services damaged due to a cyber security incident.
Simple steps such as choosing secure IT infrastructure services, conducting an audit of passwords, or investing in zero Trust solutions can make a huge difference in securing crucial information for companies in India, Bajwa explains.