Lack of Robust IT Security System: Key Reason Behind Rising Cyber-Attacks

Lack of Robust IT Security System

According to a Survey, lack of robust IT security system in organizations is the key reason behind increasing cyber attacks. This is because 65 percent of the participant organizations do not even have a department to manage network security. According to the survey, only 18 percent of organizations have dedicated IT Staff where more than 25 persons employed. While 21 percent of companies do not have dedicated employees.

Network security issues

Moreover, 18 percent of organizations have IT strength of just 1 to 3 employees. The survey said, adding that 65 percent of the participant organizations .do not even have a department to manage network security.

This is despite the fact that 62 percent participant organizations witnessed IT breach in the form of virus attack (7 percent), malware (10 percent), phishing (19 percent), ransomware (26 percent), while 32 percent said they did not suffer any breach in the past 12 months.

According to US-based Software Company’s Internet Security Threat Report, India the second worst cybercrime affected country in the world after the US. Indian corporates are not very regular in assessing their cybersecurity which leads to regular loss due to cyber attacks.

IT security audit

Just 44 percent of participant companies confirmed that they conducted IT security audit in last 6 months in their organizations. While 56 percent stated that IT security audit was undertaken in their organization.

Netrika Consulting MD Sanjay Kaushik says- “Arisk-based approach is to form your data security strategy by prioritizing measures based on how much they will affect,”.

There are two types of companies. One who have experienced cyber attacks and others who are going to experience in the future. It’s not a question of if, but only a matter of when”.

The survey covered 1,800 respondents from a range of industries – from manufacturing, BFSI, pharmaceuticals, hospitality, NBFC, and IT/ITES.

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