82% of Indian Firms Increasing Cybersecurity Investments Amid Rising Cyber Threats in 2024
Capterra survey, 82% of organisations with a heightened awareness of cyber threats reported increased cybersecurity spending from 2022 to 2023, while a mere 1% reported a recognition of the critical need for robust cybersecurity measures. Companies across various sectors in India have implemented a range of technical and procedural safeguards such as:
1. 61% of surveyed organisations conduct formal cybersecurity risk assessments.
2.
Nearly half (48%) of respondents indicated the implementation of network segmentation to isolate specific sections of their IT infrastructure.
3. 46% of surveyed companies apply data classification techniques to safeguard sensitive information.
4. Another critical cybersecurity measure adopted by 46% of organisations is the implementation of zero-trust network policies.
94% say their company uses AI for cybersecurity
94% of cyber-aware respondents in our survey revealed that their companies actively employ AI to fortify their defence mechanisms. Key insights from the survey highlight the profound impact of AI on cybersecurity: However, the press for AI adoption in cybersecurity does not come without challenges. 48% acknowledged challenges related to the quantity and quality of data affecting the efficacy of AI.
46% recognised the need for additional human expertise to complement AI systems. 37% expressed concerns about attackers manipulating AI systems to evade detection.
Organisations defend against ransomware surge: Two-thirds witness attacks, yet resilience prevails
66% of respondents reported encountering ransomware attacks, showcasing the pervasive nature of this cybersecurity menace. 48% of cyber-aware employees said their company fell victim to at least one ransomware attack in the past
