Indian organizations are reluctant to invest in their cybersecurity architecture, despite 53% of those surveyed by EY’s Global Information Security Survey Report (GISS) 2020: India edition, admitting to having experienced a significant cyber breach in the past 12 months.
This year’s survey underlines significant increase in the number of destructive attacks faced by respondents with 72% citing that attacks have become more frequent over the past 12 months, including the 38% who reported an increase of more than 10%. While most businesses continue to remain vulnerable with 59% stating that they are unlikely to detect a sophisticated cyber-attack, only 31% said that their cybersecurity team is involved right from the start of a new business initiative. A key finding indicates that many cybersecurity teams continue to play a secondary role in the business, instead of taking centre stage.
However, the survey also brings to light that boards and senior management teams are engaging more intimately with cybersecurity and privacy matters as the threat continues to loom large. 73% of the boards and executive management teams perceive cyber risk to be a significant threat to the organization while 68% of organizations have a chief of cybersecurity who sits on the board or at executive management level.
Source: Express Computer