Indian respondents cited ‘improved information security strategy’ as the greatest value of threat intelligence followed by ‘improved prevention of attacks’ and ‘improved risk management’
A new research from cybersecurity vendor Fortinet has revealed that the cybersecurity strategies of IT decision makers (ITDMs) at organisations with more than 250 employees across APAC including India feels the need to invest in new cyber security technologies.
According to the survey, 58 percent in India and 64 percent in APAC say the best response to increased security breaches is to invest in new cyber security technologies that provide protection across the entire threat lifecycle.
Around 67 percent for the region and 73 percent of Indian respondents shares that two greatest concerns of ITDMs were securing the cloud and protecting against vulnerabilities in IT systems.
However, many see increased security breaches as a catalyst for outsourcing cybersecurity functions to a managed security service provider (MSSP). In all, the research found that within three to five years, 43 percent of Indian organisations and 38 percent in APAC could be addressing their cybersecurity priorities through outsourcing. The forecast for cybersecurity outsourcing adoption is highest in Singapore (59 percent), while in Thailand the take-up is lowest with only 30 percent of organisations expected to outsource.
“Our independent study highlights the urgent need among enterprise-scale organisations from all sectors in APAC to prioritize end-to-end cybersecurity protection with actionable, threat intelligence capabilities in the face of new digital business challenges. Enterprises need to respond more rapidly and effectively to security breaches by investing in integrated, adaptive cybersecurity architectures for the borderless network. Fortinet is uniquely equipped to deliver this security without compromise through a seamless, comprehensive security fabric,” said Patrice Perche, Senior Executive Vice President, Worldwide Sales & Support, Fortinet.
Findings Advocate Need for Security Fabric and Actionable Threat Intelligence
The survey examined the response tactics of those affected by cyber attacks to illustrate how present security infrastructures have struggled to contend with the realities of an increasingly digital world. Of the more than half (59 percent) of all Indian IT decision makers in the survey who reported a security breach in the last year, only 14 percent (the second lowest in the region).of them discovered this within minutes of the breach occurring.
In some sectors, such as healthcare, it took 53 percent of APAC respondents days, months or even years to spot breaches.
Such a deficiency in rapid, effective threat identification and response is proven to be highly costly to breached organisations as sensitive data is lost, systems are compromised and brand reputation is damaged.
The survey found that, to mitigate these attacks and better protect their organisations, the number one action undertaken by ITDMs is the use of threat detection technologies (18 percent in India and 15 percent in APAC), along with cloud-based cybersecurity services (18 percent in India and 13 percent in APAC). Such capabilities are underpinned by the provision of actionable threat intelligence.
Indian respondents cited ‘improved information security strategy’ as the greatest value of threat intelligence (61 percent in India and 52 percent in APAC) followed by ‘improved prevention of attacks’ (59 percent in India and 53 percent in APAC) and ‘improved risk management’ (59 percent in India and 55 percent in APAC).
In terms of how and where new threat intelligence capabilities may be applied, 48 percent in India and 44 percent in APAC of those asked said they had their own threat research/incident response team monitoring all security activity in place today, though the number is only 25 percent in Hong Kong compared to 52 percent in Mainland China. Meanwhile, 32 percent of respondents in India and 30 percent in APAC claimed to outsource their cyber threat intelligence to a managed security service provider. Locally, the figure is lowest in Mainland China (16%) and highest in Malaysia (35%).
“IT decision makers understandably want more resources to combat threats from all directions, but the answer doesn’t have to come in the form of spending more or ripping and replacing existing solutions,” said Michael Joseph, Regional Director – System Engineering, India & SAARC, Fortinet.
The 2016 Fortinet Global Security Survey involved 1,399 qualified IT decision makers in 13 countries – predominantly CIOs, CTOs, IT Directors and Heads of IT – from organisations with more than 250 employees. The APAC figures concern the 643 participants sampled from six markets: China, Hong Kong, India, Malaysia, Singapore and Thailand.
