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60 % Cos grapple with rapidly changing tech in cybersecurity: Infosys

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Vishal Salvi, Head Cyber Security Practice, Infosys

Infosys Knowledge Institute (IKI), the global thought leadership and research arm of global IT firm Infosys in a report has said that about 48 percent of corporate boards and 63 percent of business leaders are actively involved in cybersecurity strategy discussions.

For its report titled, ‘Assuring Digital-Trust’, aimed at understanding the current cybersecurity landscape and how enterprises are gearing up to safeguard themselves from evolving cyber threats, Infosys surveyed 867 senior executives representing 847 firms from 12 industries, with annual revenues over $500 million across US, Europe, Australia and New Zealand (ANZ).

The survey pointed out the challenges that the organizations faced while embedding security in their enterprise IT architecture while battling with a shortage of skilled workforce and rapidly changing technology.

Vishal Salvi, Chief Information Security Officer & Head Cyber Security Practice, Infosys, said, “As enterprises continue to add new technologies to the business, it is crucial to defend themselves against a sophisticated threat environment. At Infosys, our approach is to embed cybersecurity at every stage of business, thereby minimizing risk while maximizing the visibility of the security landscape. Our relentless focus on innovation by studying newer technologies and methods ensures we can better secure an enterprise’s business. We believe a holistic approach to cybersecurity is what it takes to instill digital trust in companies, and this research offers a good understanding of the current cybersecurity landscape. The insights, if applied appropriately can accelerate the cyber defense of enterprises.”

As per the report’s findings, 83 percent of enterprises viewed cybersecurity as critical and about two-thirds of respondents have implemented a well-defined enterprise-wide strategy and roadmap in their respective organizations.

The top concerns faced by enterprises are Hackers/Hacktivists (84 percent), low awareness among employees (76 percent), insider threats (75 percent), and corporate espionage (75 percent).

“To overcome security challenges, over half of the organizations are focusing on adopting integrated security solutions and are working with technology and service integrator partners. Besides, they are also following a series of ‘soft’ methods. These include training/certifications (61 percent), enablement sessions (54 percent) and creating security awareness among employees (51 percent),” the report stated.

The report further added that cybersecurity is consistently being viewed as critical in an enterprise’s digital transformation journey wherein manufacturing emerged at the top (87 percent), followed by energy and utilities (85 percent), and banking, financial services and insurance (83 percent).

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