Indian cos lost Rs 58.59L to cyber attacks in 2009: Symantec

Protecting information is key to business growth

PTI | May 4, 2010



Indian companies lost about Rs 58.59 lakh in revenues in 2009 due to cyber attacks, security software maker Symantec has said.

In addition to this, Indian enterprises also lost an average of Rs 94.56 lakh in organisation, customer and employee data in 2009, while they lost an average of Rs 84.57 lakh in productivity (factors leading to hampering of work like problem with servers), according to Symantec 2010 State of Enterprise Security Study.

"In today's competitive business scenario, loss of confidential data is a matter of huge concern for any organisation as it directly affects the business as well its reputation and credibility. They need to manage risk proactively, protecting not just the infrastructure that data resides in, but also the information itself," Symantec Director (Systems Engineering) Anand Naik told PTI.

With Gartner predicting that total data center capacity in India would grow at 31 per cent to reach 5.1 million square feet by 2012, data security is a concern for IT administrators.

"Protecting information today is the key to a business' ability to grow and thrive. A large percentage of organisations are deploying data loss prevention and end-point protection in order to overcome data and system loss," he said.

The study found that more than 50 per cent of the enterprises surveyed planned to implement significant changes to their data centers in 2010.

"Server virtualisation, storage resource management, continuous data protection, backup and recovery, and security are the key initiatives expected to be in focus in 2010," it said.

"Organisations need to protect their infrastructure by securing their endpoints, messaging and web environments. In addition, defending critical internal servers and implementing the ability to back up and recover data should be priorities," Naik said.

He also suggested taking a content-aware approach to protecting information as the key to know where sensitive information resides, who has access, and how it is coming in or leaving any organisation.

"By prioritising risks and defining policies that span across all locations, customers can enforce policies through built-in automation and work flow and not only identify threats but remediate incidents as they occur or anticipate them before they happen," he added.


 

Comments

 

Other News

AI: Code, Control, Conquer

India today stands at a critical juncture in the area of artificial intelligence. While the country is among the fastest adopters of AI in the world, it remains heavily reliant on technologies developed elsewhere. This paradox, experts warn, cannot persist if India seeks technological sovereignty.

RBI pauses to assess inflation risks, policy transmission

The Reserve Bank of India (RBI) has begun the new fiscal year with a calibrated pause, keeping the repo rate unchanged at 5.25 per cent in its April Monetary Policy Committee (MPC) meeting. The decision, taken unanimously, reflects a shift from aggressive policy action to cautious observation after a signi

New pathways for tourism growth

Traditionally, India’s tourism policy has been based on three main components: the number of visitors, building tourist attractions and providing facilities for tourists. Due to the increase in climate-related issues and environmental destruction that occurred over previous years, policymakers have b

Is the US a superpower anymore?

On April 8, hours after warning that “a whole civilisation will die tonight,” US president Donald Trump, exhibiting his unique style of retreating from high-voltage brinkmanship, announced that he agreed to a two-week ceasefire with Iran. The weekend talks in Islamabad have failed and the futur

Machines communicate, humans connect

There is a moment every event professional knows—the kind that arrives without warning, usually an hour before the curtain rises. Months of meticulous planning are in place. And then comes the call: “We’ll also need a projector. For the slides.”   No email

Why India is entering a ‘stagflation lite’ phase

India’s macroeconomic narrative is quietly shifting—from a rare “Goldilocks” equilibrium of stable growth and contained inflation to a more fragile phase where external shocks are beginning to dominate domestic policy outcomes. The numbers still look reassuring at first glance: GDP


Archives

Current Issue

Opinion

Facebook Twitter Google Plus Linkedin Subscribe Newsletter

Twitter