Keeping up with cybersecurity threats has always been challenging, but today’s rate of new threats is alarming. With an expanding attack surface driven by remote working and cloud adoption, the challenges facing today’s security industry could be described as a perfect storm, given the sophistication of cyber attackers and the proliferation of security tools. This dynamic can result in disconnected insights and data, adding to the already existing shortage of security skills.
Security teams are changing how they approach threat detection and response. In order to safeguard against complex threats and navigate digital transformation safely, organisations need broad visibility, linked data, and the ability to make quick decisions.
As per the Cost of Data Breach Report 2022, the average total cost of data breaches in India has gone up more than 3X from INR 53.5 million in 2012 to INR 176.0 million in 2022. It is taking longer to identify and contain these breaches. Moreover, 5G will enable more devices to connect at fast speeds, which will increase the pressure to update security monitoring methods. AI and hybrid clouds will also scale in a way never imagined before, and cybersecurity will play a major role in this. In a country like India undergoing exponential digital transformation, these trends signal the need for organisations to strengthen their digital defences to counter the scale and severity of cyber-attacks.
For India to grow in the techade, it is the need of the hour for businesses to strengthen and continuously improve their digital defences. Here are a few cyber security trends to watch out for in 2023.