The data breach is related to the unauthorized access to sensitive or important information. It’s like attacking your security. Last year, the cost of a data breach was 19.5 crore, and this year India’s data breach reached 22 crores, so here you can see how big the rise is, and all this information was collected from IBM’s latest report related to India’s data breach.
The rise of costs shows how much we lack security and how we need to priorities cybersecurity for ourselves. The companies now need to take their cybersecurity seriously, and even normal people should also focus on this. Let’s see more about India’s data breach crisis happening this year, and the year is still not finished.
Reason Behind India’s Data Breach Cost Rising
The main reason behind the big increase in India’s Data Breach is that cyberattacks are happening more often, and the damage that is happening because of this in business and in the personal lives of people is also increasing. Every year, this number somehow always increases, and it shows how much, even if we are trying, the security is not being managed fully.
The condition became so bad that India came in at the top when it comes to the highest data breach. This shows how damaged our country is getting, and the lack of security is making people not safe. The need to focus on this industry is very urgent because India is already at the top, and it cannot go much lower from this point.
Now, if we talk about some positive points, from last year, the companies took only 263 days to detect India’s data breach, which is earlier than the previous year. The growth is happening, but at a very slow rate.
AI: A Powerful Tool, But Also a Risk
AI is the strongest way available right now to protect your data from cyberattacks, but most companies don’t even know how to use it in the right way to get the benefit out of it. According to the reports, only 37% of businesses are using AI in the right manner to save their data from a data breach.
The other thing is that AI is good for safety, but the overuse of it can also create safety risks. AI is smart enough to protect all your information, but it’s also smart enough to crack all your high security. Many AI tools are coming to market that don’t focus on security and can be harmful to your device.
Using AI is good only if you know how to do that in the right manner and how to choose the right AI tool for security. Phishing attacks are becoming more common these days, where people are indirectly tricked into giving all their personal or company-related information.
The sector that gets most affected by India’s data breach
The industries of researchers and transportation are the ones that are facing the most loss because of these cyberattacks. The reason is that both these industries deal with very important data and make it connected to the complex systems, which makes them an easy target for any attacker. Many other industries are getting affected, especially the ones that have just started now, and they can’t afford the high security technology, which is like an advantage for the cyber attackers.
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Why India’s Data Breach Is a Big Deal: It’s Not Just About Money
The loss is not just of money but also of data, which can be used in the wrong way. The company’s reputation gets damaged, their competitors get to know about their plans, and they pay fines. The customers also get lost, and dealing with it is not an easy thing. India’s Data Breach, or any other data breach, is not a normal attack that can happen; it takes around 9 months to detect the issue and to correct it, and in the meantime, anything wrong can happen with the company’s data. The businesses are getting smarter, but the ones who can attack the biggest companies are also becoming better; they’re taking advantage of tools like Shadow AI or Phishing TOOL.
What an organization can do
The first step is strengthening the AI governance, like limiting the capability and the permission to log in and access data. The second step is accelerating the breach detection, such as keeping information about all things and choosing the strongest security barrier. Train the employees to deal with different situations and make them know who can trick you and can get the data out of you. Making your security the best, having the right knowledge, and being active about any unusual activity can only help any business in saving all data.
