Cyber Alert: Companies rush to fortify systems

Cyber Alert: Companies rush to fortify systems



Global cybersecurity firms saw a surge in demand from Indian companies that have doubled down on disaster recovery and cyber resilience systems in the wake of the war in Iran and last year’s India-Pakistan conflict.

Rubrik, Securonix and Proofpoint reported shorter sale cycles, demand for additional disaster recovery locations and stronger digital ring fences, as the threat of phishing emails and cyberattacks has gone up manifold.

The volatile geopolitical scenario coupled with the recent spate of attacks on digital infrastructure during the West Asia conflict and the experience last year during the short India-Pakistan conflict have put Indian boardrooms on high alert.

“Sales cycles that were months long are now closing in weeks. That’s a real signal from the market. Organisations want to quickly finalise cyber disaster recovery solutions,” Bipul Sinha, chief executive of cloud management and data security firm Rubrik, said.

This is in sync with the Indian government’s renewed focus on its own cybersecurity preparedness and large Indian companies investing heavily in cyber security themselves. Also, with the Digital Personal Data Protection Act (DPDP) kicking in, anxious to plug potential data leakage points.

A FICCI-EY risk survey published in February this year found 64% of businesses reported geopolitical tensions were already disrupting decision-making. Geopolitical risk is no longer a one-off event, it is now a constant, said the report.