CIO Insider

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Cyber-Secure Your Future in this Tech-ade

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Sujith Vasudevan, Managing Editor

The cyber threat landscape in India is exceedingly alarming. According to the 2023 India Threat Landscape Report by Singapore-based cybersecurity firm Cyfirma, India is the most targeted country globally, facing 13.7 percent of all cyber attacks. An incident that happened during the 2023 G20 New Delhi summit is a case in point. On the eve of the Summit in the national capital, the Delhi Police's website crashed amidst live cybersecurity threats. As per Threat intelligence

platform Falcon Feed, Pakistan-based “Team Insane PK hackers group" have claimed to have targeted the website. Falcon also posted a screenshot of the Telegram chat confirming the news. Fortunately, the Delhi Police website was restored after a brief 10-minute disruption.

According to a report by cybersecurity firm CloudSek, India, the US, Indonesia, and China accounted for 45 percent of total cyberattacks on government agencies worldwide in the second half of 2022, to say nothing of the attacks in the corporate realm. The increasing cyber threat landscape takes it a bit far, making it almost inevitable to amass all the help you can get. This challenging scenario often calls for help from third-party technology experts with advanced threat intelligence and automated response tools at their disposal.

According to a new report by marketsandmarkets.com, the global cybersecurity market size is expected to grow from $173.5 billion in 2022 to $266.2 billion by 2027, at a CAGR of 8.9 percent. The trends driving the cyber security market include the growing adoption of IoT security solutions, the adoption of cloud-based cyber security solutions, and increased BYOD trends. Ensuring zero-trust policies and creating awareness among end-point users only make up the basic necessity for organizations to secure their future. On this note, we present our yearly special issue, Company of the Year 2023. I wish all our readers a Happy New Year on behalf of the CIO Insider family.

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