Friday, 8 May 2020

How are Indian Organisations Coping up With Cybersecurity Threats

Most organisations, and certainly the more mature ones, had a Business Continuity Plan (BCP) or an IT DR strategy in place. However, most, if not all, did not consider a crisis like this pandemic. This pandemic has forced us all to turn en masse to virtual alternatives. This meant that many had to open their organizational networks and resources to unsecured and unrecognized endpoint devices thereby expanding the threat landscape.

In addition, the uncertainty around COVID-19 has also caused stress among people affecting their morale. The anxiety and fear in people makes them vulnerable to cyber attacks more than ever. Hackers have begun to take the advantage of the anxiety by unleashing computer science engineering phishing attacks.

In India, we’ve had the Maze Ransomware attack on one of the largest IT services firms recently as well as the hack of the video and collaboration tool that many firms jumped to leverage in the absence of a thoroughly tested alternative. This tool exposed data of several organisations to hackers.

The pandemic also presents an interesting dichotomy between the rise of cyber-attacks and business priorities. Most organizations had very little time to prepare and hence focused on ensuring continuity of business, supply chain constraints, et cetera which meant that security took a back seat. This translated into an opportune time for the hacker community to increase their activity.

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