New Delhi: After a year of remote working triggered by the pandemic, 40% of Indian businesses reported an increase in the volume, severity and / or scope of cyber attacks in the past 12 months compared to the global figure of 47. percent, showed a new report.

While 38% of respondents in India continue to be very concerned about security risks while working remotely, globally the figure rises to 39%, according to the “2021 Thales Global Data Threat Report”, a commissioned study conducted by 451 Research, part of S&P Global Market Intelligence.

Despite more than a year of working remotely and the possibility of a likely shift to hybrid work models, security remains a major concern for Indian businesses, according to the report, adding that managing security risks is becoming unproductive. no doubt more difficult in the country.

“Many organizations have experienced heightened security concerns over the past year and with the increasing number of ransomware attacks, organizations now face a double threat of extortion,” said Ashish Saraf, vice-president. Chairman and Country Director – India, Thales.

“Not only could they be excluded from their critical IT and OT systems, but also their sensitive data posted on the Internet,” he added.

For respondents in India, malware (56%) is the top source of security attacks, followed by ransomware (53%) and phishing and credential stuffing (both 43%) ).

Malicious insiders (40%), external attacks (25%) and human error (25%) were identified by Indian respondents as the most threatening types of attacks.

“The traditional aspect of relying only on a good backup and recovery strategy is no longer enough, organizations must implement comprehensive digital security including data access control, encryption of sensitive data combined with secure management and control of encryption keys, ”Saraf said. .

Despite the increased risk remote working posed to businesses throughout the pandemic, nearly half (48%) of Indian respondents say their security infrastructure was not ready to handle the risks caused by Covid-19.

In fact, only one in five organizations (21%) felt they were very prepared.

Forty-eight percent of respondents in India rank third-party networks as the primary target for cyber attacks, followed by on-premise legacy applications (44%), cloud storage (40%) and web applications (38% percent), ”the report revealed.