“$750 billion is the amount paid by the businesses to the hacking community last year. The way it is growing, everybody is giving a forecast that by 2020 – 2021 it is going to be $2-3 trillion. If we give an organization perspective to it, this is going to be the fastest growing industry. The World Economic Forum in its 2nd year of succession talked about 5 Risks looming large on mankind and society and two of them were about the cyber world – one is on data theft and the other is on cyber attacks. As per as a recent survey done, organizations today spend more than 11% of their budget on cyber security but if you look at their posture assessment, it has dipped. There is something definitely wrong and we need to change this outlook.”
