As more and more businesses go to the cloud, sophisticated threat detection systems become essential. Commvault offers a comprehensive picture of the cybersecurity landscape for an organisation and promotes a multi-layered strategy for early threat identification using AI and ML. According to Balaji Rao, Area Vice President, India & SAARC, Commvault, “this proactive stance is crucial to prevent threats before they materialise and safeguard data from sophisticated attacks like ransomware.”
Protecting the Digital Horizon: India’s Top 5 Cybersecurity Brands
The digital landscape in India is rapidly changing, with cybersecurity at the forefront of this transformation. Here are five cybersecurity brands that are trending and making waves in the country in 2024:
1. Noventiq: Transforming Security in India
Noventiq is a leading cybersecurity and digital transformation solutions provider present in over 50 countries. It spans various industries, connecting organisations with best-in-class IT vendors to accelerate digital transformation.
2. Quick Heal: Defending the Digital Realm
Quick Heal, a stalwart in the Indian cybersecurity market, provides strong antivirus solutions that have evolved to address sophisticated cyber threats for both individual and corporate users.
3. Seqrite: Strengthening Businesses
Seqrite, the enterprise cybersecurity division of Quick Heal, specialises in cutting-edge threat detection and response solutions that are made to fit the changing demands of companies operating in the digital era.
4. K7 Computing: Safeguarding the Networked Society
With a wide range of products, such as antivirus and endpoint protection, K7 Computing has made a name for itself as a reliable cybersecurity company committed to protecting the Internet of things.
5. Trend Micro: Handling Cyberthreats
Trend Micro specialises in advanced threat defence solutions, particularly in cloud security and threat intelligence, making it a trendy brand in India committed to innovation.
These five firms stand out in India’s dynamic and diverse cybersecurity scene thanks to their creative methods and solutions, and they are essential to securing a safe and reliable digital future.
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Resolving Cybersecurity Risks
Balaji Rao draws attention to security flaws that could expose clients to data breaches. Ransomware assaults rose by 53% in India in 2022, according to CERT-in, underscoring the necessity of addressing security flaws. Three significant, cross-sectoral security flaws have been noted:
1. Technological Gaps:
- An increase in the use of public clouds is causing data breaches
- Misconfigurations, shared responsibility misconceptions, and poor identity management.
- Lack of visibility, encryption gaps, and reliance on cloud providers without extra security measures.
2. Procedural Gaps:
- Weak access controls and excessive user privileges.
- Common assaults resulting from phishing, stolen passwords, and advanced malware.
3. Human Gaps:
- Human faults such as inadequate password security, shadow IT, disregarding software upgrades, and incorrect handling of personal data leading to breaches.
Developments in Cybersecurity Defence Technology
The growth of cyber defence technologies, with a move from reactive to proactive tactics in contemporary cyber resilience, is highlighted by Commvault. Finding weaknesses and patterns in data requires the use of early threat detection strategies, such as cyber deception and leveraging AI and ML capabilities.
Framework for Cybersecurity and Resilience
Balaji Rao recommends CEOs refocus on cyber resilience as the main objective of data security in the ever-changing corporate context. Every two years, businesses should review their cybersecurity plans and work closely with security experts to identify and implement safe technology. Increasing the use of AI-threat scans and involving the board in cybersecurity initiatives are crucial steps for organisations to take.
Comm vault’s Position in the Cybersecurity’s Cyberspace of 2023
Cybercriminals carried out a series of well-planned attacks in 2023, which forced CIOs to concentrate on threat mitigation and improving resilience and recovery. In response, Commvault unveiled Commvault Cloud, a hybrid enterprise solution that provides cyber resilience powered by AI, security, and data protection. Commvault Cloud is powered by Metallic AI. Commvault Cloud seeks to predict risks effectively, execute clean recoveries, and speed response times while keeping a low total cost of ownership.
Prospects for the Cybersecurity’s Cyberthreat Environment
Three trends in cybersecurity threats are identified for 2024:
1. Living Off the Land (LOL) Techniques:
- Highly organised hacking exploiting utilities within the target organisation.
- To fool threat actors, organisations must modify their defences and introduce realistic decoys.
2. The use of artificial intelligence (AI)
- Hackers to decipher defence measures is known as generative AI.
- Increasing defensive AI’s capacity for early alerts and real-time visibility.
3. Ransomware-as-a-Service (RaaS):
- A dark trend making ransomware attacks more accessible.
- Companies must focus on putting a solid cybersecurity plan into action by employing cutting-edge techniques like cyber deception.
Increased Funding for India’s Cybersecurity Startup Industry
The last two years have seen a 63% increase in funding, totalling 0.7 million, for India’s cybersecurity startup industry. Five cybersecurity companies are funded by Accel, a venture capital firm that is leading the investment rush. Government programmes encouraging digitization are the driving force behind the boom, and according to McKinsey, by 2025, cyberattacks could cost the world .5 trillion a year.
Investing in Cutting-Edge Cybersecurity Solutions
For cybersecurity defences, Indian businesses are making significant investments in AI, machine learning, and cloud infrastructure. Notwithstanding the upbeat outlook, 90% of Indian corporate executives recognise serious cyber threats, which has increased spending on cybersecurity.
India’s Market for Cybersecurity: Opportunities and Difficulties
Investors in cybersecurity find India to be a desirable location due to its abundance of security engineers. However, the market faces challenges such as evolving technology, intricate laws, and shifting global threats. To get over these challenges, innovation and user education must always be at the forefront. The majority of businesses intend to increase their cybersecurity budgets by at least 10% in the upcoming year, with the Indian cybersecurity market anticipating a 14% increase in spending.
