Puneet Gupta: "Gartner predicts that by 2024, organisations adopting a robust cybersecurity architecture will reduce the financial impact of security incidents by an average of 90%
FinTech BizNews Service
Mumbai, 23 October, 2023: October is observed as Cybersecurity Awareness Month, a dedicated month for the public and private sectors to work together to raise awareness about the importance of cybersecurity.
Puneet Gupta, Vice President & Managing Director, NetApp, explains: “Data is the most valuable (and hence vulnerable) asset for businesses today. Advanced technologies like AI and ML will help drive data-driven decisions, further accelerating business growth. That said, both end users and technology providers will need to exercise caution and look at the vulnerabilities that come with the use of these technologies. The use of emerging technologies can be akin to two sides of the same coin. While technology providers leverage it to thwart attacks, attackers use AI to launch attacks that are harder to detect. Today ransomware is one of the biggest threats to data security, with attacks and attackers getting more sophisticated. Recent data by SonicWall shows a 133% rise in ransomware along with a 311% increase in IoT attacks in India alone. As solution providers, we need to fortify the landscape as much as possible, and be able to anticipate evolving threats, and test our resilience against them.”
Puneet Gupta adds: “Gartner predicts that by 2024, organisations adopting a robust cybersecurity architecture will reduce the financial impact of security incidents by an average of 90%. As a means of addressing such challenges, we recommend monitoring for abnormalities in the storage solutions, post which its access to the main network can be cut off while taking remedial measures.”
