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1 in 3 Indian firms facing high financial loss from hacking
TIWN
1 in 3 Indian firms facing high financial loss from hacking
PHOTO : TIWN

Bengaluru, Oct 10 (TIWN) Nearly one in three Indian organisations are facing longer downtimes and higher financial costs from security breaches and 24 per cent of firms felt a financial impact of $1 million or more in the past year in the country, a report said on Thursday.

Longer downtimes often result in higher financial costs.

"Organizations in India have made significant improvements to their cybersecurity postures, in the last year. However, high workloads and alert fatigue continue to be a big challenge," said Vishak Raman, Director, Security Business, Cisco India and SAARC.

"Hence, enterprises in India are looking at increasing the level of automation in their security strategy as well as opting for an integrated end-to-end solution to secure their infrastructure," Raman added.

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