Why do companies commit Data Breaches in India ? What
is the main reason behind the Data Loss?
Data breaches in India, like in any other country, can occur due to various reasons. Some of the main reasons behind data breaches in India include:
Cyberattacks:
Hackers and cyber criminals often target companies to steal sensitive data for financial gain or other malicious purposes. These attacks can take various forms, such as phishing, malware, ransomware, or exploiting vulnerabilities in software systems.
Weak Security Measures:
Inadequate cybersecurity measures within companies can make them vulnerable to data breaches. This includes poor password practices, lack of encryption, outdated software, and insufficient network security protocols.
Insider Threats:
Sometimes, data breaches occur due to the actions of employees, contractors, or other insiders who intentionally or unintentionally compromise sensitive information. This could be through negligence, malicious intent, or social engineering tactics.
Third-party Risks:
Companies often rely on third-party vendors or service providers for various aspects of their operations, including IT infrastructure and data processing. If these third parties have weak security measures in place, they can become a source of vulnerability leading to data breaches.
Regulatory Compliance Issues:
Non-compliance with data protection laws and regulations, such as the Personal Data Protection Bill (PDPB) in India or the GDPR (General Data Protection Regulation) in the EU, can result in data breaches. Failure to adequately protect and handle personal data can lead to legal consequences as well as reputational damage.
Lack of Awareness and Training:
Many data breaches occur due to human error, such as employees falling victim to phishing scams or inadvertently exposing sensitive information. Insufficient training and awareness programs within companies can exacerbate this risk.
Inadequate Incident Response Plans:
Without a robust incident response plan in place, companies may struggle to detect, contain, and mitigatethe impact of data breaches effectively. Delayed or improper response can exacerbate the damage caused by a breach.
Why Do Companies Face Data Breaches in India?
Some companies may indeed overlook or underinvest in cybersecurity services and practices, often due to various reasons:
Cost Concerns:
Implementing robust cybersecurity measures can be expensive, requiring investments in technology, personnel, and ongoing maintenance. Some companies may prioritize other areas of their budget over cybersecurity, especially if they perceive the risk of a data breach to be low or if they underestimate the potential financial and reputational impact of a breach.
Lack of Awareness:
Some companies may not fully understand the importance of cybersecurity or the potential threats they face. They may underestimate the sophistication of cyberattacks or believe that they are not likely targets. This lack of awareness can lead to complacency and a failure to prioritize cybersecurity initiatives.
Resource Constraints:
Smaller companies, in particular, may lack the resources and expertise necessary to implement comprehensive cybersecurity measures. They may have limited budgets, IT staff, or access to specialized cybersecurity talent, making it challenging to adequately protect their systems and data.
Complexity and Rapidly Evolving Threat Landscape:
Cybersecurity is a complex and rapidly evolving field, with new threats emerging regularly. Some companies may struggle to keep pace with the latest security trends, technologies, and best practices. The constantly evolving nature of cyber threats can make it difficult for organizations to stay ahead of potential risks.
Misalignment of Priorities:
In some cases, companies may prioritize other business objectives over cybersecurity. They may focus on revenue generation, product development, or customer acquisition while deprioritizing investments in security measures. This can stem from a belief that cybersecurity is solely an IT issue rather than a critical business concern that requires attention from senior leadership.
Overconfidence in Existing Measures:
Some companies may have a false sense of security, believing that their current cybersecurity measures are sufficient to protect them from cyber threats. However, this confidence can be misplaced, especially if they have not conducted thorough risk assessments or kept up with the evolving threat landscape.
Facts in Indian Companies on Cyber Security adoption:
Overall, while some companies may ignore or underinvest in cybersecurity services and practices, it’s essential for organizations to recognize the importance of cybersecurity as a fundamental aspect of their business operations and to allocate the necessary resources and attention to adequately protect their systems and data.
Suggestions from ETSPL to prevent the Data Breaches:
Addressing these issues requires a multifaceted approach, including investment in cybersecurity infrastructure, regular employee training, implementing robust data protection measures, ensuring compliance with regulations, and fostering a culture of security awareness with in organizations.
For avoiding the cyber attacks and securing your business ETSPL is the leading company in India since 2017.We secured many companies and provided free advisory consultation for SME’s.
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About the author :
Mr. Vinod Gokakakar
MD & CEO,
EBC TECH SERV PVT LTD (ETSPL)
Vinod Gokakakar is a seasoned IT professional with over 21 years of diverse experience in the technology industry. Throughout his career, Vinod has worked with a wide range of sectors, from small businesses to multinational corporations, gaining invaluable insights into various technological verticals.
In 2017, leveraging his extensive expertise and recognizing the growing importance of cybersecurity for businesses, Vinod took a bold step and established his own company. Focused on serving small and medium-sized enterprises (SMEs), his company aimed to provide comprehensive cybersecurity solutions to protect these businesses from emerging
threats in the digital landscape. Vinod‘s commitment to safeguarding the digital assets of SMEs earned him a reputation as a trusted advisor in the cybersecurity domain.
Building on his success and driven by a passion for addressing complex challenges in the digital realm, Vinod expanded his entrepreneurial ventures further. In 2017, he founded ETSPL and in 2022 he founded another company BEPPL (Business Entente Powers Pvt Ltd) dedicated to providing a comprehensive suite of services encompassing cybersecurity, legal advisory, copyrights, intellectual property rights (IPR), online dispute resolutions, and more. This innovative venture positioned Vinod as a pioneer in offering integrated solutions that bridge the gap between technology and legal compliance.
Vinod‘s visionary leadership and multidisciplinary approach have positioned his companies as leaders in the cybersecurity and legal services sectors in India. His ability to anticipate emerging trends, coupled with a deep understanding of both technology and legal frameworks, has enabled him to offer holistic solutions tailored to the evolving needs of his clients.
With a track record of success and a commitment to excellence, Vinod Gokakakar continues to make significant contributions to the advancement of cybersecurity and legal services, empowering businesses to navigate the complexities of the digital age with confidence and resilience.
Mr. Vinod Gokakakar is Bestowed with the following Licenses & Certifications :
https://www.linkedin.com/in/vinodgokakakar/details/certifications/
Mr. Vinod Gokakakar is Accorded with the following Honors & Awards :
https://www.linkedin.com/in/vinodgokakakar/details/honors/
Mr. Vinod Gokakakar can be contacted at :
About EBC TECH SERV PVT LTD:
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About Ententepower :
At BEPPL (Business Entente Powers Pvt Ltd), Our cyber security services encompass a wide range of solutions, including threat intelligence, vulnerability assessments, penetration testing, incident response, and security awareness training.
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Also read Mr. Vinod Gokakakar’s earlier article :
