The Rising Significance Of Cybersecurity For Logistics - Entrepreneur

The Rising Significance Of Cybersecurity For Logistics - Entrepreneur

The direct costs from cybersecurity breaches are growing exponentially, and companies-even small ones-are feeling the need to invest in new systems


Grow Your Business, Not Your Inbox


Stay informed and join our daily newsletter now!



July 6, 2020 4 min read


Opinions expressed by Entrepreneur contributors are their own.


You're reading Entrepreneur India, an international franchise of Entrepreneur Media.


We all read reports about the importance of cyber security and how governments and large organizations are being targeted by hackers to mine crucial data. Even as global businesses are adopting work-from-home on digital platforms to survive in the face of the current crisis, there have been rising instances of cyber-attacks, which are a reminder of the need for a robust cyber-security network. Certain controls and firewalls have already become redundant as they aren’t ‘on premise’ and are creating a cyber-security risk unless companies have been agile to incorporate tunnels and VPNs. 


A report from Symantec Corp. (now part of Broadcom), published in 2019 stated India is the next most cyber attacked country in the world, after the US and China. During the quarter April-June 2019, India topped the list of countries most cyber attacked, according to a report released by Subex.


A team at IBM has calculated that the average cost of a data breach in India grew 7.29 per cent year-over-year to reach INR 12.8 crore from INR 11.9 crore in 2019. The direct costs from cyber security breaches are growing exponentially, and companies—even small ones—are feeling the need to invest in new systems and a more comprehensive risk management solution. The report also mentioned that among the most commonly targeted sectors in India were critical infrastructure, BFSI, defence and manufacturing.


A new and surprising ..

Support the originator by clicking the read the rest link below.