Indian industries are very much vulnerable to data breach and confidentiality breach as they do not have proper systems in place and lose $ 4 billion (Rs 18,800 crore) annually due to cyber crimes said Rakshit Tandon on Thursday.
The seminar on ‘Cyber Security’ conducted by Police Radio Training School (PRTS) in association with Confederation of Indian Industries (CII) was attended by many industrialists and businessmen. And everybody present at the seminar was stunned when told about level of vulnerability they are working in.
“Most of the businessmen are using free e-mail services to conduct their business which is highly risky; they should switch to their own domains to avoid risk of data theft,” said Tandon.
A disgruntled employee can do unimaginable damage to a firm; it is highly advisable to every business to maintain firewall, use of original software and anti-viruses, all data-out locked facilities at their work places (no use of external data devices in office computers) and Bring Your Own Device (BYOD) policy told Tandon at the seminar.
India ranks third in number of Internet users only after China and USA, but when it comes to reporting of cyber crime, India is ranked 11th. “This is not because Indians are less vulnerable to cyber crimes but due to lack of awareness among both public and police,” said Varun Kapoor, Inspector General of Police at PRTS.
DSP and training head at (PRTS), Sudeep Goenka said, “According to a survey conducted by KPMG, 80 per cent of Industries lose due to data theft.”
According to NCRB (National Crime Records Bureau) data, in 2012, 612 cases of data theft have been registered through out the nation. “Many such cases might not have been reported or recognised as an offence by people and police,” said Goenka.
In 2012, only 12 cases of cyber crime have been recorded in police records in Indore, whereas Bhopal registered none.
“Cyber crime is only about 20 years old, but it next only to illicit drug trade and valued at $ 338 billion across the world annually; the magnitude of the cyber crime is so high, hence tacking of cyber crime is also equally a challenge,” said the Inspector General.