Monday, November 17, 2014

1 in 3 indian companies vulnerable to cyber attacks

Nearly a third of Indian organizations do not possess the knowledge to prevent cyber attacks even as the information technology world is turning increasingly vulnerable, a recent study has found. According to consultancy EY's global information security survey 'Get Ahead of Cybercrime', released on Sunday, the biggest roadblocks in implementing cyber security effectively in organizations are lack of agility, budget and skilled manpower. The consultancy surveyed about 1,825 organizations across 60 countries, including 60 from India. While 54.55% of respondents in India said they were facing increasing online threats, 50.91% respondents said they were facing greater vulnerabilities in their information security risk environment. In spite of the greater awareness, 32.14% respondents said their organization's total information security budget will stay almost the same in the coming year despite increasing threats. Nearly half (46.3%) the companies surveyed said mobile technology will be a high focus area for online threat prevention in the coming year. According to the survey, fraud and cyber attacks to steal intellectual property or data are the top two threats faced by organizations in India. More than half (54.1%) the respondents said careless or unaware employees were the biggest vulnerability companies faced, while 40.9% named outdated information security controls or architecture and 22.7% said unauthorized access were the most common vulnerabilities.

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