Data retention with increasing Cybercrime

With the number of cyberattacks on the rise, and millions of Indian businesses using Microsoft 365, there is a huge risk to business operations and future economic performance if data is not backed up and secured appropriately. Cybercrime has many new victims, as the number of global internet users increases each year.

While Microsoft manages the infrastructure for Microsoft 365 users, it does not backup the data – this is down to the business itself. The question is how to protect all Microsoft 365 data ??– it assures compliance with data retention requirements, mitigates ransomware and malware threats, and eliminates accidental deletion or data corruption.

A lack of data protection, side effects of a global pandemic, and an increase in exploit sophistication have led to a huge incline in hacked and breached data from sources that are increasingly common in the workplace, such as mobile and IoT (internet of things) devices.

It is an open fact that remote workforces make inroads for cyberattacks. Remote workers will continue to be a target for cybercriminals, because of these remote workforces, cloud breaches will increase. Remote work continues to be a focus for many large companies, causing cloud-based operations to proliferate.

Expanding 5G networks connected devices at faster speeds and greater bandwidths. Cryptocurrencies exploded in popularity and are now bought, sold, and traded by individuals on a greater scale than ever before. Recent security research suggests that most companies have poor cybersecurity practices in place, making them vulnerable to data loss.

To successfully fight against malicious intent, it’s imperative that companies make cybersecurity awareness, prevention, and security best practices a part of their culture. Secondly, experts listed several reasons for this — increase in online traffic, lack of awareness, lack of technical knowledge among police and people, and difficulties in investigating cybercrime cases.

With this the worldwide information security market is growing rapidly. This is due in large part to organizations stepping up their defences against cyber threats — and a rise in such threats, including within their own companies.

Unfortunately, most cybersecurity breaches are caused by human error. Considering the skills shortage in cybersecurity, this trend isn’t likely to subside anytime soon.

Dr. Deepak Kumar Sahu, President & CEO, VARINDIA