Cyber Security: There Is Still A Long Way To Go

- Smita Vasudevan

Despite a slew of cyber attacks threatening the Indian enterprise space in recent times, most companies still lag behind when it comes to developing a threat response strategy

It is undeniable that disruptive technologies like mobile, social and IoT have opened up new opportunities for enterprises, yet in some ways their proliferation has sown the seeds for complex cyber attacks that threaten to destroy the well-preserved reputation of many organizations across the world. No single new age enterprise is immune to cyber threats as the humungous amount of information popping out of various social and mobile platforms continues to add to their vulnerabilities, making them attractive targets for complex cyber crimes.

As companies look at adopting digital mediums to transform their businesses, the chances of cyber security related issues have got magnified. For today’s digital businesses, a lot of value is tied to data and any loss to it can put their whole reputation and credibility at stake. Hence more and more companies are finding themselves terrorized by cyber threat agents who are looking for new, sophisticated routes to gain access to confidential business data. Burgess Cooper, Partner, Information & Cyber Security Advisory Services, EY, points out, “Technology is increasing a company’s vulnerability to be attacked through increased online presence, broader use of social media, mass adoption of mobile devices, increased usage of cloud services and the collection/analysis of big data.”