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Cybersecurity is important but data protection is cardinal
Cyberattacks have taken the scale of targeted campaigns that can blanket entire corporate networks of critical infrastructure providers such as hospitals , government offices and financial institutions .
In June 2020 , the cyberattack on the National Highway Authority of India servers made headlines across the country . What ’ s important to note is that while the ransomware attack did happen , it led to no data loss .
What most organisations tend to overlook is that the attack itself is not the major problem , the loss of data is . The cost of a data breach is high and going up year by year . A Ponemon Institute report of 2020 helps to explain
It is commonly accepted that disasters can come in many forms , from ransomware to natural disasters to global pandemics , and it ’ s essential to be prepared for anything .
this context better . In India , the average cost of a data breach in 2020 was US $ 2.0 million , up by 9 % from 2019 at US $ 1.83 million .
It is vital to understand that preventing cyberattacks is not the be all and end all – this is actually what these attacks are targeting . Most often , these cyberattacks intend to disrupt data by :
• Disabling data access
• Stealing enterprise data
• Rendering an organisation ’ s data useless
• Publicly exposing sensitive companies or employee data which follows a legal and PR nightmare
• Selling customer data on the DarkNet
• Blackmailing on sensitive data
• Doing repetitive attacks on the same organisation once they identify its security loopholes
While cybersecurity is a top priority , the defence mechanism therefore must focus more on rescuing data than preventing the attack itself . Organisations in highly regulated industries such as BFSI and those with
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