Cyber Security Budgeting for Sustainable Business Growth
As a crypto enthusiast, you understand the importance of cybersecurity in the digital age. The alignment of cyber security budgets with growth objectives is crucial for Indian businesses to ensure sustainable expansion amidst increasing digitalization and associated risks. Here are some key insights from a top official at Kaspersky:
Digitization for Business Growth
– In order to grow businesses, digitization is essential.
– Without digitization, the value of business growth is compromised.
– Adrian Hia, Managing Director for the APAC region at Kaspersky, emphasizes the need for companies to embrace new-age technologies to enhance their businesses.
Cyber Security Preparedness
– Digitalization of businesses increases the attack surface area.
– This opens avenues for sophisticated cyberattacks.
– Indian businesses aiming for growth need to increase their cyber security budget by 20% to prepare against potential attacks.
Importance of Data Protection
– Organizations must maintain their systems and data integrity during the digital transformation process.
– Malware attacks in India have seen an 11% increase in 2024 compared to the previous year.
Rising Cyber Threats in India
– Brute force and targeted cyber attacks are on the rise in India.
– Ransomware attacks account for a significant portion of cyber incidents.
– The proliferation of smartphones has led to increased data exposure, making businesses more vulnerable.
Adoption of New-Age Technologies
– Businesses are embracing new-age technologies like artificial intelligence to stay competitive.
– Artificial intelligence is considered a “double-edged sword” in terms of balancing profitability and data security.
Government Initiatives and Tech Adoption
– The Indian government is also focusing on technology adoption and cybersecurity measures.
– Efforts are being made to mitigate risks associated with rapid technology adoption.
Hot Take: Securing Your Business Future
It’s clear that cyber security is not just an option but a necessity for businesses looking to thrive in the digital era. By aligning your cyber security budget with your growth objectives and embracing new-age technologies, you can safeguard your business against evolving cyber threats. Stay ahead of the curve and prioritize cyber security to ensure sustainable business growth in the long run.
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