Fortinet, the global leader in broad, integrated and automated cybersecurity solutions, today revealed additional findings from its Global Enterprise Security Survey. According to the research, 73% of Indian IT decision makers (ITDMs) at 250+ employee organizations are confident in their cybersecurity posture, despite 84% of organizations being breached in the past two years. In addition, 96% believe they are doing better than their peers with regards to cybersecurity, while only 1% believe they are lagging behind. The research is a reminder of the importance of employing cybersecurity best practices and fundamentals as well as the urgency to avoid complacency in defending against cyber attacks.
Complacency despite clear concerns
Respondents revealed that 39% of breaches experienced in the last two years were the result of social engineering, ransomware, and email phishing. In 2018, 87% of Indian businesses are planning programmes to educate employees in IT security, reflecting a growing awareness that breaches are caused by carelessness and ignorance as much as maliciousness.
Another top concern for Indian organizations is protecting access to the network. Only three quarters (76%) of ITDMs feel confident that they have full visibility and control of all devices with network access. A similar 72% of ITDMs feel confident that they have full visibility of the access level of all third parties who frequently have access to networks. This lack of confidence in the network visibility suggests that this is an area that should be treated as a top concern for organizations. Yet, basic security measures like network segmentation are only being planned by 21% of businesses in 2018. Without network segmentation, malware entering a network will often be left to spread.
Employee knowledge key for security in organizations
When asked about what they would have done differently over their career in security, 51% of Indian ITDMs wish they had invested more in employee security awareness training to prevent a security breach. Educating users can lessen the chance that they become the victim of an intrusion attempt that targets one of the weakest links in the cybersecurity chain: employees themselves.
In 100% of breach incidents, in the first instance, the Indian board blames the IT department – either a specific individual (45%) or the department as a whole (55%). Employees outside the IT department get blamed in 40% of breach incidents, even though they’re often recognized as the weakest link. The IT department can no longer be the only one responsible when it comes to a breach. BYOD and IoT, the use of cloud-based applications, and shadow IT, all extend the security responsibility to the broader organization − and employees.
Balanced Cybersecurity Investment Priorities Are Critical
In 2017, Indian ITDMs ranked the following as their no.1 priority investment:
- 42% – New security solutions and services
- 38% – Upgrading security solutions
- 10% – Implementing security policies and process
- 4% – Auditing and assessment
- 3% – Employee training
Continued technological investment allows businesses to keep pace with malicious attacks and prepare for them by implementing a comprehensive security solution. Investments in new and upgraded security solutions will continue in 2018, but 34% of Indian respondents also reveal that investments towards employee training will become one of the top 3 investment priorities.