India Cyber Security: 98% Firms Lost Data in 2023 - Rubrik

New Delhi, May 16 (PTI) IT and security leaders of majority of Indian companies in a survey admitted to having lost sensitive information in 2023, US-based cyber security firm Rubrik said in a report on Thursday.

The survey found that 69 per cent of Indian IT and security leaders reported that SaaS had the most malicious cyber activity in 2023.

"98 per cent of Indian IT and Security Leaders experienced loss of sensitive information in 2023. 55 per cent of Indian IT and Security Leaders reported that their companies paid a ransom due to data extortion threats," the report based on research by Rubrik Zero Labs said.

The Rubrik Zero Labs research unit combined Rubrik telemetry across its customer base of more than 6,100 organisations with findings from a survey conducted by Wakefield Research of more than 1,600 IT and security decision-makers at companies of 500 or more employees.

The study also incorporated data from two Rubrik partner organisations and five other research organisations in an effort to provide the most objective findings.

The research was conducted in the US, UK, France, Germany, Italy, Netherlands, Japan, Australia, Singapore, and India between January 18 and January 30, 2024, the report said.

According to the report, healthcare organisations experienced 50 per cent more encryption events than the global average across 2023 and cloud continues to drive inherent risk and security blind spots as 70 per cent of all data is typically not machine readable by security appliances.

"With the surge in digital service delivery and cloud adoption, the region faces escalating cyber threats, posing significant risks to sensitive data, especially in healthcare where vast amounts of information are handled. There's a pressing need for deeper collaboration between government, industry, and other stakeholders in fortifying cyber resilience in Asia, particularly in critical sectors like healthcare," Abhilash Purushothaman, Vice President & General Manager, Asia at Rubrik said.