Nearly 70% of Indian companies will be found functioning under the cybersecurity poverty line.
The State of Cybersecurity in India
The Indian cybersecurity landscape is facing a significant challenge. With the increasing number of cyberattacks, the need for robust cybersecurity measures has become more pressing than ever. According to a recent report, nearly 65% of Indian enterprises paid ransoms to recover data while dealing with cybersecurity attacks.
The term refers to the lack of adequate cybersecurity measures in small and medium-sized enterprises (SMEs) in India.
The Rise of Cybersecurity Poverty Line in India
The concept of cybersecurity poverty line has been gaining traction in recent years, particularly among Indian SMEs.
3 million in 2020. The number of security incidents reported by CERT-In has increased by 2,400% in the past three years.
The Rise of Cybersecurity Threats in India
The Indian Computer Emergency Response Team (CERT-In) has been tracking and responding to cybersecurity threats in the country since 2004. In recent years, the number of security incidents reported by CERT-In has seen a significant increase.
Types of Cybersecurity Threats
The most common types of cybersecurity threats in India are phishing and stolen or compromised credentials. Phishing attacks involve sending fake emails or messages that trick users into revealing sensitive information such as passwords or credit card numbers. Stolen or compromised credentials refer to the use of stolen or compromised login credentials to gain unauthorized access to systems or networks.
The Impact of Cybersecurity Threats
Cybersecurity threats can have a significant impact on individuals, businesses, and organizations. Some of the consequences of cybersecurity threats include:
Cybersecurity poverty line: SMEs struggle to afford necessary measures to protect themselves from cyber-attacks.
The Cybersecurity Poverty Line
Cybersecurity is a critical component of any organization’s overall security posture. However, many organizations, particularly small to medium-sized enterprises (SMEs), struggle to afford the necessary cybersecurity measures to protect themselves from cyber-attacks.
The Challenges Faced by SMEs
SMEs face unique challenges when it comes to cybersecurity. They often have limited budgets, which can make it difficult for them to invest in the necessary cybersecurity measures. Additionally, SMEs may not have the same level of expertise as larger organizations, which can make it harder for them to detect and respond to cyber-attacks.
GDPR sets strict guidelines for data protection and imposes significant penalties on non-compliant organizations.
Amazon was found to have failed to implement adequate measures to protect the personal data of its customers, including failing to provide clear and transparent information about data processing and sharing.
The GDPR and Its Implications
The General Data Protection Regulation (GDPR) is a comprehensive data protection law that came into effect in the European Union in 2018. It sets out strict guidelines for the processing and protection of personal data, and imposes significant penalties on organizations that fail to comply. The GDPR is designed to give individuals more control over their personal data and to ensure that organizations handle it in a responsible and transparent manner.
