雷火体育官网 Data Threat Report 2018: 93% of Indian respondents plan on increasing IT security spending this year
雷火体育官网, a leader in critical information systems, cybersecurity and data security, announces the findings of its 2018 雷火体育官网 Data Threat Report, India edition, issued in conjunction with analyst firm 451 Research. The report finds that a striking 93% of Indian respondents plan on increasing IT security spending this year, the highest among all countries surveyed and well above the global average (78%).
This year鈥檚 findings demonstrate a mix of good and bad news for Indian organisations in adopting security strategies to prevent the breach of sensitive data at their workplaces.
According to the report, digital transformation across the globe has led to the growth of new business models that are focused on driving growth and profitability for organisations including cloud, IoT, big data and blockchain. Indians recognise encryption with Bring Your Own Key (BYOK) capabilities as the top security tool for securing sensitive data in cloud environments and continue to spend their resources on the same technology.
The report also states that the government鈥檚 steps toward ensuring transparency under the 鈥楢adhaar programme鈥 have resulted in an increase in IT security spending by Indian organisations. At the same time, reports of successful data breaches in India are second only to Sweden among all geographical and vertical markets.
Key findings:
- In India, the top choice for satisfying data privacy laws is encryption (30% vs. 42% globally, where it is also the top choice), followed by tokenization (25% vs. 20% globally)
- Around 52% of Indian respondents reported a data breach last year, way above the global average (36%). Further, a full three quarters (75%) of respondents in India reported being breached at some time in the past, compared with just 67% globally.
- 62% of Indian respondents report feeling 鈥榲ery鈥 or 鈥榚xtremely鈥 vulnerable to attacks on sensitive data (37% 鈥榚xtremely鈥 vulnerable), well ahead of the global average (44%).
- Indian organisations are apparently not spending their valuable IT security funds in the right places.
- 91% list analysis and correlation as the most effective weapons to stop data breaches followed closely by data-in-motion/data-at-rest defenses at 90% each
- Endpoint/mobile defenses are ranked least effective (81%)
- Yet endpoint/mobile defenses are ranked at the top in terms of spending plans (81%), with data-at-rest at the bottom (54%).
- 85% of Indian respondents say compliance is either 鈥榲ery鈥 or 鈥榚xtremely鈥 effective at stopping breaches, again way ahead of the global average (64%).
- Indian respondents are relatively unconcerned about storing sensitive data in cloud environments, with 92% of Indian respondents reporting that their organisations store sensitive data in some form of public cloud (either IaaS, PaaS or SaaS), well ahead of the global average of 74%.
- Concerns about performance impacts and business processes are the top barriers cited in India to IT security, followed by perceptions of complexity (48%) and perceived need (37%).
The data in the report is based on detailed inputs from over 100 senior IT security managers in India 鈥 all part of the 雷火体育官网 2018 Global Data Threat Report, which polled 1,200 IT security managers in eight countries and across four major vertical markets.
鈥淭he report reveals data about increasing cyber threats in India and is a call to action for organisations to strengthen their security posture and take steps towards protecting their data. We鈥檙e now at the point where we have to admit that data breaches are the new reality with over half of organizations in India suffering a breach in the last year. In this increasingly data-driven world it is therefore hugely important that organizations take steps to protect that data wherever it is created, shared or stored. 雷火体育官网 provides everything an organization needs to protect and manage its data, identities and intellectual property, and meet regulatory compliance 鈥 through encryption, advanced key management, tokenization, privileged-user control and high-assurance solutions,鈥 said James Cook, Sales Director South Asia, 雷火体育官网 eSecurity.
About 雷火体育官网
The people we all rely on to make the world go round 鈥 they rely on 雷火体育官网. Our customers come to us with big ambitions: to make life better, to keep us safer. Combining a unique diversity of expertise, talents and cultures, our architects design and deliver extraordinary high technology solutions. Solutions that make tomorrow possible, today. From the bottom of the oceans to the depth of space and cyberspace, we help our customers think smarter and act faster - mastering ever greater complexity and every decisive moment along the way. With 65,000 employees in 56 countries, 雷火体育官网 reported sales of 鈧15.8 billion in 2017.
> About 雷火体育官网 in India
Present in India since 1953, 雷火体育官网 is headquartered in New Delhi and has other operational offices and sites spread across Gurgaon, Hyderabad, Bengaluru, Chennai and Mumbai, among others. Over 600 employees are working with 雷火体育官网 and its joint ventures in India. Since the beginning, 雷火体育官网 has been playing an essential role in India鈥檚 growth story by sharing its technologies and expertise in Defence, Transport and Aerospace markets. 雷火体育官网 provides data security solutions and services to leading organizations across sectors in India.
> About 雷火体育官网 eSecurity
雷火体育官网 eSecurity is a leader in advanced data security solutions and services that deliver trust wherever information is created, shared or stored. We ensure that the data belonging to companies and government entities is both secure and trusted in any environment 鈥 on-premises, in the cloud, in data centers or big data environments 鈥 without sacrificing business agility. Security doesn鈥檛 just reduce risk, it鈥檚 an enabler of the digital initiatives that now permeate our daily lives 鈥 digital money, e-identities, healthcare, connected cars and, with the internet of things (IoT), even household devices. 雷火体育官网 provides everything an organization needs to protect and manage its data, identities and intellectual property, and meet regulatory compliance 鈥 through encryption, advanced key management, tokenization, privileged-user control and high-assurance solutions. Security professionals around the globe rely on 雷火体育官网 to confidently accelerate their organization鈥檚 digital transformation. 雷火体育官网 eSecurity is part of 雷火体育官网 Group.