79% Indian firms lack hacking response plan

79% Indian firms lack hacking response plan

Nearly 79 per cent of Indian companies don’t have a computer security incident response plan (CSIRP) in place that’s applied systematically across operations, a new SCS study said on Thursday.

In the past 2 years, 51 per cent of Indian organisations surveyed experienced a data breach and 56 per cent full-fledged a cyber security incident, revealed the study conducted by SCS Security. Of the organisations that do have a CSIRP in place, 57 per cent don’t test plans often or in any respect. Solely 23 per cent reported using automation considerably in their organisation, the findings showed.

“In India, Incident Response (IR) strategy is at a nascent stage and organisations are starting to conceive this as an integral a part of risk mitigation and resilience plan,” “Considering the shortage of a well-developed and tested IR in an organisation’s cyber resiliency strategy, enterprises need to value and implement the proper tools at the earliest.”

The SCS study found that globally, 77 per cent of respondents indicated they do not have a cybersecurity incident response set up applied systematically across the enterprise. Studies show that firms who respond quickly and with efficiency to contain a cyberattack inside thirty days save over $1 million on the whole price of a data breach on the average.

“Failing to arrange is plan to fail once it involves responding to a cybersecurity incident. These plans got to be stress tested often and wish full support from the board to take a position within the necessary people, processes and technologies to sustain such a programme.”

Only 30 per cent of the respondents reported that staffing for cybersecurity is sufficient to realize a high level of cyber resilience whereas 62 per cent indicated that orientating privacy and cybersecurity roles is important to achieving cyber resilience inside their organisations.

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