India - fertile land for cybersecurity

Cybersecurity solutions have gained greater significance with a growing number of digital transactions and the dependency of businesses and individuals on technology. SMEs, which run on limited capital and resources, often lack appropriate and affordable solutions to tackle cyber breaches. Thankfully, the cybersecurity businesses today are not only successfully helping these SMEs and large corporates in safeguarding confidential data but also implementing solutions to defend against threats to their networks and computer systems.

Organisations operating in high-tech sectors will face a diverse and evolving threat landscape, making cybersecurity more important than ever. Data in motion across the enabling data networks, provides cyber criminals with an easier and richer target.

High-speed data networks can yield terabytes of data in a matter of minutes. By intercepting this network data in motion, cyber criminals improve their odds of stealing sensitive information or using it to gain systems access.

We have a large millennial population inclined towards e-commerce as compared to traditional ways. All in all, it appears that India is progressing not only in online technology systems but also in terms of the adoption and usage of such initiatives.

This speaks a lot about the cybersecurity opportunities and concerns of our country. On one end, entrepreneurs are mushrooming with startup ideas and attracting substantial funding from everywhere. On the other end, the number of people adopting online ways is adding to the huge repository of Personally Identifiable Information (PII) in various databases.

PII is any data that could potentially identify a specific individual. Any information that can be used to distinguish one person from another and can be used to deanonymize previously anonymous data is considered PII

India is a fertile land for cybersecurity on both sides i.e., the enterprises hosting it as well as the threat actors attacking it. Threat actors have the motivation to put in their efforts and resources and at times risk themselves as they can achieve their malicious intentions.

Hence, we witness their advancement and evolvement with every successful attack attempt. On the other hand, enterprises that are custodians/ owners of data are also seen keeping up their pace with the changing attack vectors based on the study of reported incidents.

Dr. Deepak Kumar Sahu, President & CEO, VARINDIA