Focus on Business Resiliency

In the era of digital transformation, data is all pervasive. As per Research and Markets, the global big data market is expected to reach Rs 34,943.77 Billion by 2027, expanding at a CAGR of around 12.81 percent making data as an influential factor in business and economies around the world. Out of this, the valuation is expected to reach Rs 558.24 Billion in India by 2027, making it one of the top 10 markets for data and analytics. 

  
The increasing volume of data management and analysis in addition to the advances in technology add reasons to examine why cybersecurity is critical and how to ensure we stay ahead of cyberthreats. The Dell Technologies Global Data Protection Index Report 2022 suggests, 86% of businesses globally, have experienced a cybersecurity incident led disruption in the last 12 months. India is especially vulnerable having faced 18 million cyber-attacks in just the first quarter of 2022. 

It is fair to say that cybersecurity will become more critical through the 2020-2030 digital decade.

There is no reason to believe the level of data breaches will suddenly decline in 2023. As organizations of all sizes struggle to defend the data they hold, it is essential that everyone practice good cyber-hygiene.

The importance and volume of the data itself make the cyberthreats and cyber-risks more prevalent, which makes cybersecurity an increasingly critical strategic factor in businesses. 

While data lies at the center, organizations often get limited by their understanding of the distinction between data and cyber security. Data security focuses on the data itself and access to the data to protect against unauthorized modification, destruction, and disclosure. 

S Mohini Ratna, Editor, VARINDIA