Cyber crimes and attacks cost Indian companies Rs 58 lakh in revenue in 2009 and affected over 66% of Indian enterprises, according to a study by internet security providers, Symantec Corp.
According to the findings on India in the research titled 2010 State of Enterprise Security, over and above these revenue losses, Indian enterprises also lost an average of Rs 94.56 lakh in organisation, customer and employee data, and an average of Rs 84.57 lakh in productivity costs last year.
?Protecting information today is more challenging than ever. By putting in place a security blueprint that protects their infrastructure and information, enforces IT policies, and manages systems more efficiently, businesses can increase their competitive edge in today?s information-driven world,? said Vishal Dhupar, managing director, Symantec India.
The study further found that close to half of the of Indian Enterprises saw cyber security as their top issue, rating it above threats from natural disasters, terrorism and traditional crime combined.
With the rate of attacks increasing in several organizations, a sizeable chunk of the companies said that the nature of cyber attacks consisted of both external threats as well as internal threats and negligence.
While understaffing in departments such as network security, endpoint security, web security and data loss prevention was seen as the top cause of difficulties in managing enterprising security, the surveyed companies also cited new IT initiatives intensifying security issues and IT compliance issues as major road blocks in security management.