BYPASSING THE PA55WORD

Rising cybersecurity threats have opened up a huge market for companies offering passwordless authentication services

BY NIDHI SINGAL

IT TAKES INDIAN ORGANISATIONS nearly 228 hours, or nine-and-a-half days, on average to detect a cybersecurity breach, nearly double the global average of 117 hours, according to a survey by US cybersecurity firm CrowdStrike last year. Couple that with the fact that about 75 per cent of Indians — the highest among all countries — surveyed admitted their organisation suffered a ransomware attack in the last year, and it paints a dismal picture of the state of digital security in Indian companies. It’s not too surprising then that nearly every other day there is news about a cyber incursion. This year’s list alone includes confectioner Haldiram’s, hyperlocal concierge service Dunzo, Air India, and e-grocer BigBasket. One of the easiest ways to infiltrate an enterprise’s computer network is through an employee’s account. Or…

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Business Today (Digital) - 1 Issue, 22-Aug-21

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