Companies in India have adapted well to respond to increased cyberattacks after witnessing “total chaos” in the first three months of coronavirus-induced lockdown, although it will take time for these firms to upgrade their networks, according to a senior official of consultancy firm EY.
EY in its Global Integrity Report 2020 had found that cybercriminals, trying to exploit the fears and uncertainties around the virus, have stepped up phishing and ransomware attacks, increasing the risks for organisations already struggling to operate during a pandemic.
The rapid shift to employees working remotely also made cybersecurity an even bigger challenge one that organisations had little time to prepare for and such attacks have happened in various sectors, including healthcare organisations.
“But I would say India has adapted well. Today companies have much more handle on whats happening. The first three months (of lockdown) was total chaos. Thats when all these ransomware and cyber cases happened quite a lot,” Arpinder Singh, India & Emerging Markets Leader EY Forensic & Integrity Services, told
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