21 May 2021 Fintech

81% Indian Firms Face Data Breach, Says Survey

PTI

In the past year, around 81 per cent of Indian companies have faced data breach with zero-day vulnerabilities and security loopholes in web application. The statistical data was given by a cybersecurity firm Barracuda Networks. 

Independent market researcher Vanson Bourne conducted the global survey on behalf of Barracuda.

"Eighty-one per cent of organisations were successfully breached in the past 12 months as a direct result of an application vulnerability," Barracuda Networks Country Manager (India) Murali Urs said in a statement.

 The survey included responses from 100 application security decision makers in India responsible for their organisation's application development and security. The organisations had 500 or more employees. 

"52 per cent of respondents say web application vulnerability/ zero-day vulnerability led to a successful security breach," the statement said. 

According to the respondents, they face security challenges like software supply chain attacks, security slows application development time, bad bots, securing APIs, and vulnerability detection. 

"Applications have been steadily rising as one of the top attack vectors across the India corporate vista in recent years, and the rapid shift to remote work in 2020 only intensified this," Urs said. 

 

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TAGS: Security Breach, Indian Companies, Cybersecurity, Survey
OUTLOOK 21 May 2021