| |September 202119THOUGHT CENTRALI n April 2021, Dominos India officially made it to the dark web, where 13TB of customer data of over 18 Cr orders and personal data of over 250 employees, from the pizza chain, had been made public, thanks to one of the biggest data breach events in India Inc., in 2021. Further, Israeli security researcher, Alon Gal, revealed on April 18 that the credit card data of 1 million Domino's India customers had been breached, and as per an Indian cybersecurity researcher, RajshekharRajaharia, this data, that includes sensitive and crucial details, such as names, email addresses, mobile numbers, GPS coordinates, and more related to Domino's orders, has also now been made public. Even as the world is coming to terms with a digital-first approach to business, education, healthcare, banking and finance, news and entertainment as well as for a series of leisure and work-related activities, data breaches have been posing a major roadblock to faster digital adoption. In the absence of strong cybersecurity awareness and data security laws, India Inc. continues to battle regular and grave cyber frauds/ crimes, making them extremely vulnerable. As per an Impact report released by Uni-commerce, India's leading eCommerce-focused SaaS platform, titled `E-commerce Trends Report 2020', India had recorded a 37% rise in cyber-attacks, in just the first quarter of the calendar year. Risks like data leakage, connection to unsecured Wi-Fi networks, phishing attacks, ransomware, spyware, apps with weak encryption (also known as broken cryptography) are some of the common cyber threats plaguing India Inc. As the second largest consumer for smart devices and a country with one of the largest base of internet consumers, India continues to remain a sitting duck, vulnerable to several national and international cyber-attacks. The increasing remote desktops and work-from-home policies adopted by companies in the wake of the pandemic are further making it increasingly important for firms to not only create a robust cybersecurity infrastructure but to also spread enough awareness about the need for cybersecurity.This makes it extremely important that Indian businesses and organizations, both big and small, wake up to the need 4 WAYS HOW INDIA INC. CAN TACKLE ITS RISING CYBER SECURITY WOES By Sumana Iyengar, CEO & COFOUNDER, GOAVEGA SOFTWARE INDIA PVT LTD
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