UpClose and Personal

We asked his takes and views on the raising furore over the cyber security issues of the times, sharing his thoughts he said that, “In an era when every business model is based on technology, and with the increased dependence on cyber space irrespective of which industry you are in, cyber security is of major importance. We have seen incidents when companies have lost market cap due to a security breach. To focus on your business and drive the business forward, being cyber secure is highly recommended today.”

On Questioning the common notion that these Cyber-attacks won’t reach small businesses as the major targets tend to be government organisations and Big shots, He further replied Cyber security is important to keep your business running as usual. We have seen multiple cases where companies have had to shut operations for a period of time due to a cyber-attack. For example consider a small ecommerce company. If it faces a DDos attack on its network, the website can be down for hours depending upon the scale of the attack. We have seen big organizations suffer due to such attacks. So cyber security today is essential to ensure your business is running smoothly.

SME’s to enterprise, to government bodies, everybody needs to make cyber security an informed business decision. In the past decade, cyber security has become a major concern in the boardroom, investor community and today the CEO of a company also wants to know the risk the company is sitting on.

While mentioning the action plan for Cyber security, we received the following tips; Cyber security needs to be driven from the top. Starting from increasing awareness, to allocating the right budget and then hiring the right people to use the technology is the need of the hour. While India has not been on the top in terms of spent on cyber security, but with the latest digital initiatives taken by our government, there has certainly been a rise in the spent and it will only substantially go up in the future.

Another important element is to acquire/use the right kind of cyber security tools that are available in the market. We were glad to learn from his companies very own experience of launching a cyber-security platform, he shared “We recently launched our own cyber security platform called SAFE which gives a CEO both a micro and a macro level view of the risk a company is sitting on, on a real time, daily basis”. Pro-active cyber security monitoring is a must.

And he concluded saying, “We have seen enterprises being more proactive towards cyber security than the government. However, with the increasing number of cyber-attacks and India's focus towards digitization, we have seen a positive change in the approach of the government towards the cyber security.”

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