69% Indian firms face serious cyber attack risk: Study

As of now around 69% Indian and Australian companies are most at risk of a cyber attack, 35% of the organizations in the region suffered at least one cybersecurity incident in the last 12 months, according to the report which has been revealed.

According to the report which has been revealed, leading IT Analyst firm Frost and Sullivan, findings of which were released on the 9th of May here by the Force point, a leader in the global cybersecurity, more than 83% of the organizations in the Asia Pacific region do not think about the cybersecurity while even embarking on the digital transformation projects.

“It’s clear from this study that many APAC organizations are on the back foot when it comes to enterprise cybersecurity in the borderless organization,” said Kenny Yeo, Industry Principal, APAC ICT, Frost & Sullivan.

With around 95% of the respondents having embarked on a digital transformation journey which adopts emerging technologies, which even includes the AI, Internet of Things, Cloud computing and mobility, and machine learning, the study reveals.

One of the key aspects for this is the less mature approach by the business leaders to involve cybersecurity at the time of designing digital transformation projects. It is also evident from the fact that around 83% of the companies did not even consider cybersecurity until after their digital transformation project had begun.

Cloud has also become one of the major key components that is leading the digital transformation with 70% of the firms adopting the cloud. But around 55% of the respondents perceive that their cloud service provider will take full responsibility for security purpose.