You can be on Entrepreneur’s cover!

Majority of Indian IT Security Professionals See Nation-State Sponsored Attacks As Cause of Concern India at 97 per cent comes much higher than the global average for experiencing a sense of risk from nation-state threats, a CrowdStrike survey shows

By Debroop Roy

Opinions expressed by Entrepreneur contributors are their own.

You're reading Entrepreneur India, an international franchise of Entrepreneur Media.

Shutterstock.com

In the last few decades, cybersecurity and data have become the new weapons of supremacy. Countries across the world now spend millions of dollars to tighten online security, notwithstanding naysayers who believe no data on the internet is truly secure.

And so it was not a surprise when a recent study by US cyber technology firm CrowdStrike found that 83 per cent of all respondents to their survey believe attacks sponsored by nation-states pose clear danger to organizations in their country.

India at 97 per cent and Singapore at 92 per cent come much higher than the global average for experiencing a sense of risk from nation-state threats.

The survey had responses from 1900 senior information technology (IT) decision-makers and IT security professionals in 11 countries including the US and Singapore. Of the total number, 300 were from India.

Are Companies Doing Enough?

Among the most recent of online security breaches was the menace of spyware Pegasus which attacked 1,400 WhatsApp users across the world, targeting journalists and activists.

The Facebook-owned messaging platform confirmed that 121 users in India were affected by the software, made by Israeli-based firm NSO, with 20 of them having their phones breached.

The CrowdStrike survey respondents said that it took them 162 hours or about seven days on average to detect, investigate and contain a cybersecurity incident It takes 31 hours on average to contain an attack once detected and investigated.

95 per cent of the respondents believe more needs to be done to stop an intruder once they were in the network.

Recommendations

CrowdStrike recommends organizations to use the 1-10-60 rule where the threat is detected in one minute, investigated in ten minutes and contained in an hour.

The survey found that only 11 per cent of respondent organizations can detect in under one minute, 9 per cent can investigate in ten minutes, while 33 per cent can contain in 60 minutes. Only 5 per cent could do all three.

"Organizations are challenged to achieve the kind of speed required to match sophisticated nation-state and eCrime adversaries known to be targeting organizations," said Thomas Etheridge, vice-president of CrowdStrike Services.

Among other things, organizations need to employ teams that have threat-hunting capabilities and employ next-generation tech in order to keep themselves safe, Crowdstrike said.

Debroop Roy

Former Correspondent

Covering the start-up ecosystem in and around Bangalore. Formerly an energy reporter at Reuters. A film, cricket buff who also writes fiction on weekends.
News and Trends

Aerospace Components Manufacturer JJG Aero Secures USD 12 Mn from CX Partners

The Bengaluru-based platform aims to utilise the raised funds mainly toward furthering vertical integration, boosting manufacturing capacity at the new location, and other business activities.

Growing a Business

5 Entrepreneurial Mindsets That Drive Success

Here are the mindsets shared by the most successful entrepreneurs.

Growing a Business

How to Leverage Business Awards to Foster Innovation, Build Your Brand and Retain Top Talent

Awards validate a company's efforts in innovation and corporate responsibility but also enhance its reputation, attract talent and open doors to new partnerships and customer segments.

News and Trends

Nikhil Kamath's WTFund Invites Applications from April 15 from Young Entrepreneurs

The new sector-agnostic fund will offer a package including a non-dilutive grant of INR 20 lakh and will enable founders to retain full equity in their ventures.

Business News

Nike Responds to Criticism Over U.S. Women's Olympic Uniforms: 'Everything's Showing'

The company is the official outfitter for the U.S. Olympic track and field athletes.