[Itpolicy-np] 'Cyber attacks chip off Rs 59 lakh from Indian cos' revenues in 2009'

[Bipin Gautam]

(Survey: http://www.itvarnews.net/news/10488/Cyber-Attack-Costs-Huge-Revenue-Loss-to-Indian-Enterprises.html)

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(News Source : http://economictimes.indiatimes.com/articleshow/5884385.cms )
NEW DELHI: Indian companies lost around Rs 58.6 lakh in revenues in
2009 due to cyber attacks, security software maker Symantec has said.
In addition to this, Indian enterprises also lost an average of Rs
94.6 lakh in data related to organisation, customer and employee in
2009, while they lost an average of Rs 84.6 lakh in productivity
(factors leading to hampering of work like problem with servers),
according to Symantec 2010 State of Enterprise Security Study.

"In today’s competitive business scenario, loss of confidential data
is a matter of huge concern for any organisation as it directly
affects the business as well its reputation and credibility. They need
to manage risk proactively, protecting not just the infrastructure
that data resides in, but also the information itself," Symantec
director (systems engineering) Anand Naik said.

With Gartner predicting that total data centre capacity in India would
grow at 31% to reach 5.1 million square feet by 2012, data security is
a concern.

“Protecting information today is the key to a business’ ability to
grow and thrive. A large percentage of organisations are deploying
data loss prevention and end-point protection in order to overcome
data and system loss,” he said. The study found that more than 50% of
the enterprises surveyed planned to implement significant changes to
their data centres in 2010.

"Server virtualisation, storage resource management, continuous data
protection, backup and recovery, and security are the key initiatives
expected to be in focus in 2010," it said. "Organisations need to
protect their infrastructure by securing their endpoints, messaging
and web environments," he said.