by Prajeet Nair

Reshaping cybersecurity for the digital enterprise

Nov 16, 2017
Cloud SecurityCybercrimeData and Information Security

Gartner estimates that India will spend over USD 1.7 billion in 2018, for information security products and services. Is this enough?

No one wants that their credit card or banking details stolen. No government or enterprise will want their critical data in the hands of a hacker. Yet, all these incidents took place in 2017. Despite the increase in budget for digital security in the corporate world, many organizations are still struggling to keep up with the smart attackers.

At the 11th edition of IDG’s CIO Year Ahead, security is one of the five important themes, which will be instrumental in deciding the IT roadmap of the future.

According to a latest forecast by Gartner, spending on information security products and services in India will reach USD 1.5 billion in 2017, an increase of 12 percent over 2016, with spending expected to grow to USD 1.7 billion in 2018.

An enterprise is always at risk of malicious threats. 2017 saw a deluge of attacks such as WannaCry, Notpetya and Bad Rabbit. The motives behind these attacks is either monetary or to damage the reputation of the victim organization by revealing or destroying important data.

There will be a significant amount of growth in security services, especially IT outsourcing, consulting and implementation services. Around 94 percent of Indian CIOs have said that they expect cybersecurity threats to increase, and will have an impact in their organization by 2018.

In a latest study released by Gartner, it is said that more than 71 percent of CIOs’ main agenda is to improve their digital security.

While the enterprise security market is witnessing a growth in security solutions, CIOs are feeling the weight of deciding what works and what doesn’t. They are constantly on the watch to improve their security strategy.

So, join India’s top IT experts to keep up with latest security trends, and stay ahead in the game.