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1 in 3 Indian Organisations Facing Longer Downtimes and Higher Financial Costs from Security Breaches

Organizations in India have made significant improvements to their cybersecurity postures, in the last year

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Indian, Organisations, Financial
Longer downtimes often result in higher financial costs. Pixabay

Nearly one in three Indian organisations are facing longer downtimes and higher financial costs from security breaches and 24 per cent of firms felt a financial impact of $1 million or more in the past year in the country, a report said on Thursday.

Nearly 37 per cent of companies in India experienced a downtime of over 9 hours after their most severe breach in the past year, compared to just 30 per cent globally, according to Cisco’s “2019 Asia Pacific CISO Benchmark Study”.

Longer downtimes often result in higher financial costs.

“Organizations in India have made significant improvements to their cybersecurity postures, in the last year. However, high workloads and alert fatigue continue to be a big challenge,” said Vishak Raman, Director, Security Business, Cisco India and SAARC.

Indian, Organisations, Financial
Nearly 37 per cent of companies in India experienced a downtime of over 9 hours after their most severe breach in the past year, compared to just 30 per cent globally. Pixabay

“Hence, enterprises in India are looking at increasing the level of automation in their security strategy as well as opting for an integrated end-to-end solution to secure their infrastructure,” Raman added.

According to the study, 46 per cent of respondents reported receiving more than 5,000 threat alerts a day; however, 43 per cent of them went unattended, compared to 39 per cent in 2018.

Of the threats that were investigated and found to be genuine, only 41 per cent were remediated (down from 52 per cent in 2018).

“Hackers are no longer just targeting IT infrastructure but have started to attack operational technology infrastructure, intensifying the challenge for companies,” the report said.

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In India, 25 per cent of respondents have already experienced an attack on their operational infrastructure (versus 21 per cent globally), and 34 per cent expect this trend to increase in the next year.

When asked how challenging it is to manage a multi-vendor environment, 89 per cent said it was somewhat or very challenging to orchestrate multiple vendor alerts.

“This is in line with the global trend, with 79 per cent of respondents across the world highlighting this as an issue,” noted the report based on responses from 2,000 security professionals from across the APAC region. (IANS)

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The Best Destinations for a Perfect Travel Experience

Here are some offbeat Indian destinations for backpackers

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Travel destinations
For millennials, travel is not just a means of escaping a busy lifestyle, but an end in itself. Pixabay

Millennials are seekers of wholesome experiences. For them, travel is not just a means of escaping a busy lifestyle, but an end in itself. It’s an essential part of life, not a break away from it.

In sync with the new taste and preferences of young adventure-seekers, the following places are rising up to the occasion by enhancing their travel experiences:

Wayanad- travel
Wayanad is the perfect travel destination for nature-lovers. Pixabay

Aurangabad
An exquisite confluence of history and culture, Aurangabad is home to the renowned Ajanta and Ellora Caves, a lot of old forts, art galleries, and museums. Besides this, the place is a bubbling, simmering pot of a range of dishes that no food-lover can afford to miss.

Mukteshwar
What could be better than mountains and peace? Mukteshwar is the stuff that a nature lover’s dreams are made of. It is the perfect place to chill alongside Nature within the folds of mighty mountains while enjoying the soul-soothing embrace of sunlight and the skin-tingling kiss of wintry waft. Mukteshwar is less than an eight-hour drive from Delhi, making it one of the closest hill stations to the Capital.

Wayanad
Wayanad is another treat for nature-lovers who also seek unique cultural experiences. Situated at a distance of 76 kilometers from the beaches of Kozhikode, the region is popular among backpackers on account of its near-perfect weather and scenic setting punctuated with dams, lakes, and hike trails. The town paints a quaint and soothing picture with the lush green of mountainous plateaus, picturesque jungles, and idyllic valleys dominating. Squatting atop the Western Ghats and enclosing part of the Nilgiri Biosphere Reserve, Wayanad is not considered the most beautiful district in Kerala in vain.

Alleppey- travel
Alleppey is a famous travel destination known for its backwaters and houseboats. Pixabay

Pokhara
Pokhara is often called the tourism capital of Nepal – and it is not in vain that it has received this moniker. It serves as a gateway to the renowned Annapurna Circuit, is among the most exciting paragliding destinations the world over, and offers the entrancing sight of the beautiful lake framed by sky-piercing mountains. What crystallizes its reputation as the ultimate ‘Adventure Land of Nepal’ is that it cuts a less busy version of Kathmandu while holding on its own as a must-visit backpacker’s paradise.

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Alleppey
It is only when one has explored the intricate network of waterways which can only have been knitted by Mother Chaos that one realizes that the tag ‘Venice of the East’ does Alleppey injustice. Perpetually carrying the fascinating look of a forest having just emerged from a spell of rain, the region is famous for its toddy shops, punted boats, coir industry, paddy fields, the floating villages, and houseboats! (IANS)