Can we measure COVD-19 on the data breach landscape?
The current era of business is not dependent on the traditional working style. DDoS attacks are more prevalent and outrages in networks and websites are getting prominent. The result is right in front of us – Many breaches and attacks are reported. A DDoS attack can also be carried out with the intent of slowing down a site, and not necessarily bringing it down. A recent study has also highlighted a stark fact – at least 25% of online users tend to leave a website if it takes more than 4 seconds to load the webpage. This not only increases the bounce rate; the consequences turn out to be more severe due to lost uptime and performance.
We have seen organizations quickly move their workforces en-mass to remote working; e-commerce has increased, with many industries - especially retail and food services now relying more heavily on their online presence and cloud-based workflows; health providers have also moved to online service delivery, to name just a few industries the pandemic has impacted. Unfortunately, in these times of rapid change and confusion, cybercriminals have been watching and looking to capitalize on any opportunity for financial gain. Businesses around the globe have continued to focus on serving their employees and customers as a priority throughout the pandemic.
Though 92% of businesses agree that security testing is important for any new application or product, 39% accept that there is no security involved right at the beginning of the development. Having security testing on new applications at the end of the development speeds up the entire process but compromises on safety to a great extent. So, modern-day enterprises set the security team to work in tandem with the development team for continuous testing and integration at every step.
COVID-19 has accelerated changes in the business world. The next generation of leaders in every industry will need to have a new way of thinking as they steer their organizations forward. Leaders will have to be strategic, collaborative, and adaptive, while cultivating a global perspective and has to be armed with insights into the evolving tactics used by cybercriminals during this period and comprehensive security strategies - such as managed security services, identity solutions and most importantly on-going employee education - that can set a more productive course to help create a more secure business environment and maintain business momentum.
100 % of Indian businesses are concerned about their current level of cloud security, one third (33%) of these organizations find it tough to convince their senior management of the need to invest in cloud security and the growing demand for remote working coupled with the growing adoption of public cloud services has exposed businesses to cyber attackers in multiple ways. Attackers are increasingly targeting cloud environments. The numerous and well-publicized breaches of data storage services have raised cloud security awareness, but cybercriminals work diligently to stay one step ahead.
With the continuously evolving standard operating procedures to run businesses and changing consumer purchasing patterns, we are entering into a “new normal”. Returning to “Business as Usual” may no longer be an option for many sectors. Businesses need to learn to swim in the new normal or risk sinking. Now is the time for businesses to be agile and flexible to transition their business models.