Report: Only 4 Percent of Indian Companies are Prepared for Major Cyber Attacks
Cyber attacks are a major threat, and most companies recognize the need to arm themselves with weapons to deal with major incidents. However, only 4 percent of organizations in India have the “mature” level of preparedness needed to counter modern cyber security risks, a new report released on Thursday showed.
According to Cisco’s 2024 Cyber Security Readiness Index, preparedness is critical, with 82 percent of respondents saying a cybersecurity breach is likely to disrupt their business in the next 12 to 24 months.
However, 88 percent of companies still feel “moderately or very confident” in their ability to defend against cyber attacks with their current infrastructure. “We cannot underestimate the threat posed by our own overconfidence,” said Jeetu Patel, director of security and collaboration at Cisco.
“Today’s organizations must prioritize investment in integrated platforms and lean on AI to operate at machine scale and finally tip the scales in defenders’ favor,” Patel added.
Almost all (99 percent) companies worldwide expect to increase their cybersecurity budget in the next 12 months. About 71 percent of companies plan to significantly upgrade their IT infrastructure in the next 12 to 24 months.
“They must also ensure that AI is integrated into frontline defenses as part of their overall cyber security strategy to strengthen their defenses against evolving threats, future-proof their operations and strengthen security resilience in the digital world,” said Director Samir Kumar Mishra. Information Security Business, Cisco India & SAARC.
