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Businesses Continue Having Cybersecurity Concerns With Remote Working: Report

Businesses Continue Having Cybersecurity Concerns With Remote Working: Report

Over a year into remote working, cybersecurity remains a key concern for businesses both globally and in India, according to the 2021 Thales Global Data Threat Report.

 

A commissioned study conducted by 451 Research, part of S&P Global Market Intelligence further revealed that managing security risks is getting more challenging, with almost 40% of respondents from India reporting an increase in the volume, severity, and/or scope of cyber-attacks in the last 12 months.

 

While 38% of respondents from India continue to be very concerned about the security risks while working remotely, globally, this figure stands at 39%.

 

About 48% percent of respondents from India rank third-party vendor networks as the biggest target for cyber attacks, followed by on-premises legacy applications (44%), cloud based storage (40%) and web applications (38%).

 

Talking about global scenario, of those who have ever experienced a breach, two in five (41%) had it happen in the last year. This number has nearly doubled from 21% in 2019 globally, marking a significant shift in the threat posed.

 

For respondents from India, malware (56%) is the leading source of security attacks followed by ransomware (53%), and phishing and credential stuffing (both 43%). Yet, when it comes to how attacks occur, the message is clear: internal threats as well as external attackers are still of great concern to industry. Malicious insiders (40%), external attacks (25%) and human error (25%) have been spotted by respondents from India as the types of attacks seen with the greatest threat.

 

Despite the increased risk remote working has posed to enterprises throughout the pandemic, nearly half (48%) of respondents from India report that their security infrastructure was not prepared to handle the risks caused by Covid-19. In fact, only one in five (21%) of organisations believe it was very prepared.

 

 

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