40% of consumers in India stopped doing business with a company known to have compromised on cybersecurity, says new ISACA study

41% of consumers in India have also had personal information stolen

In recognition of Cybersecurity Awareness Month, ISACA recently released the results from its inaugural consumer cybersecurity research, which reveals a growing sense of hopelessness in consumers who think nothing can be done to protect them from cybercrime. The international study of more than 3,000 consumers across the UK, Australia, US and India, found that 41% consumers in India have had their personal information stolen by cyber criminals.

One in three respondents (36%) in India reported a significant increase in cybercrimes over the past 12 months, and nearly half (47%) do not think there is anything they can do or use to protect themselves from cybercrimes. However, interestingly, more than half (53%) believe they are very unlikely to be the victim of cybercrime. Worryingly for the companies in India that experienced a breach in security of their customers’ personal identifiable information (PII), 40% of consumers report having severed ties with a company known to have experienced a breach. Twenty-three percent are not confident a business can safely secure their personal identifiable information.

Though more than half of respondents in India (59%) are completely or very confident that businesses can secure consumers’ PII, the research indicates a significant number of consumers in India (78%) would be more confident doing business with companies that hire certified cybersecurity professionals. In addition, 74% of consumers surveyed believe companies should be independently graded on data security practices and the scores shared with the public.

R.V Raghu, ISACA Ambassador in India and past ISACA board director, added “A strong cybersecurity workforce with cutting-edge skills in new technologies can help companies avoid cyber-crimes and ensure the safety of their consumer data, and as a result, build digital trust. Hands-on training, credentials, networking and sharing best practices among the cybersecurity community globally can help cybersecurity professionals strengthen their skillsets and leverage the current demand to advance in their careers and also ensure they are keeping their enterprises—and the consumers they serve—protected.”

During Cybersecurity Awareness Month, ISACA is providing a 20% discount on its Cybersecurity Fundamentals Online Review Course with the code PRODCYBERMONTH22. To learn more, visit https://store.isaca.org/s/store#/store/browse/detail/a2S4w000004Koh6EAC.

For a complimentary copy of ISACA’s consumer cybersecurity research report and related content, visit www.isaca.org/cyber-month-2022.

Comments

Career Launcher opens Study-Abroad centres across cities to meet post-pandemic demand for international colleges.

New centres in Delhi-NCR, Mumbai, Bangalore, Kolkata, Amritsar, Chandigarh, Panipat and Mysore Career Launcher, the EdTech arm of CL Educate, announced a significant push to its study abroad vertical by launching 12 study-abroad centers across eight cities. This is to meet the post-pandemic rapid rise in demand for international study destinations. The cities include Delhi-NCR, Mumbai, Bangalore, Kolkata, Amritsar, Chandigarh, Panipat and Mysore. While Delhi and Mumbai have three centers each, the other cities have one center each, to begin with. The new Study Abroad centers are a mix of Company-Owned, Company-Operated (CoCo) and Franchise-Owned Franchise-Operated. Arjun Wadhwa, CFO & CBO (International Education), CL Educate, said, “With the world reopening, the demand from students looking at international universities to pursue their higher education goals is growing at a very rapid pace. To guide students on their study and career path, we will rapidly expand our foo...

Rs. 50 lakh prize money pool for INBL National league; Team logos and jerseys unveiled for BFI’s first ever National League

6 city-based teams play each other over 3 rounds leading to play-offs in January 2023 The city never sleeps on Tuesday witnessed another significant milestone for Indian basketball tipping off a process to Indian basketball to newer heights. Six city-based teams – representing Bengaluru, Chandigarh, Chennai, Delhi, Kochi, and Mumbai – will line up against each other over three preliminary rounds in INBL Season 2022 , BFI’s first-ever National League. The first round will be played in Kochi from October 16-20 followed by the second round six days later from October 26-30 at Jaipur. The third round will take place in Pune from December 7 - 11. The play offs are scheduled to be held in Bengaluru from January 11-15. Each round will be spread over 5 days with the 6 teams playing against all the remaining teams once in a round robin. Standings over three rounds will accumulate into final rankings which will form the basis for the seeding for the playoffs.The teams will be called...

INBL 5x5 Season 1 announced

6 city-based teams play each other over 3 rounds leading to play-offs in January 2023 with total prize money pool in excess of Rs. 50 lakhs The big moment for Indian basketball is here. Basketball Federation of India (BFI) today announced INBL 5x5 which will see city-based teams representing Bengaluru, Chandigarh, Chennai, Delhi, Mumbai and Kolkata, in action, over 3 rounds before heading to play-offs in January 2023. On offer for the teams and individuals is a prize money pool in excess of Rs. 50 lakhs. A delighted Dr. K Govindaraj, MLC President, BFI and Vice-president, Indian Olympic Association (IOA), said, “This day should be marked in golden letters in the history of Indian basketball. We are launching what has been the dream for millions of basketball fans in India. The format which is focused on local teams playing against each other in cities that are relatively more active hubs of basketball in India will ensure hundreds of talents are assessed on the ground for being f...

Chennai Plus

Search This Blog