According to an official release, about 4% of organisations in India have the ‘Mature’ level of readiness needed to be resilient against modern cybersecurity risks, as per insights from Cisco’s (NASDAQ: CSCO) 2024 Cybersecurity Readiness Index.
The report is believed to assess the readiness of companies on identity intelligence, network resilience, machine trustworthiness, cloud reinforcement, and AI fortification,among others. The report is expected to be based on a survey of more than 8,000 private sector security and business leaders across 30 global markets conducted by an independent third party. It is believed that companies were then classified into beginner, formative, progressive and mature.
“It’s critical that organisations not only increase their investment in cybersecurity but also embrace an integrated platform approach to protect the five key pillars and take steps to reduce their security readiness gap. They must also ensure that AI is integrated into frontline defenses as part of their overall cybersecurity strategy to fortify their defenses against evolving threats, futureproof their operations, and strengthen security resilience in a digital-first world,” Samir Kumar Mishra, director, security business, Cisco India and SAARC, explained.
Reportedly, 82% of respondents mentioned that they expect a cybersecurity incident to disrupt their business in the next 12 to 24 months. Around 74% of respondents said they experienced a cybersecurity incident in the last 12 months. Furthermore, 55% of those affected mentioned that they faced a loss of about $300,000, as per insights from the report.