Cyber security vulnerabilities growing in India

Nearly eight in 10 information technology (IT) and C-suite business leaders experienced increased cyber attacks on their firms in 2015, indicating a rise of cyber security vulnerabilities in India, as highlighted by a study by The Economist Intelligence Unit. The study commissioned by cloud infrastructure and business mobility platform VMware Inc. The increasing cyber attack risks to Indian businesses can be judged from the fact that 33 per cent of the respondents surveyed expected to be targeted within 90 days - a number higher than the Asia-Pacific region. Thirty-two IT leaders per cent in India regard cyber security as their number one corporate priority, but only eight per cent of C-suite business leaders share this point of view. Similarly, while 36 per cent of IT leaders believe security budgets will greatly increase in the next two years, only 21 per cent of C-suite business leaders foresee likewise. The study suggests IT leaders must become more conversant with business risks and objectives. By having deeper conversations and translating cyber risks into business terms, IT leaders can justify requests for more investment in security.