Cybersecurity budgets increase as cyberattacks become increasingly dangerous

Recent data from Palo Alto Networks reveals that Indian companies are increasingly investing in cybersecurity budgets due to the increased risks of disruptive cyber attacks. During the year 2022-2023, 67% of Indian government and essential services entities experienced a greater than 50% increase in such threats. This led to a significant increase in budgets dedicated to cybersecurity, which increased by 75% compared to the previous year.

Critical infrastructures at risk of cyber attacks

According to research, sectors such as transportation, manufacturing and public sector have suffered the most advanced attacks. In particular, the manufacturing sector has seen a significant increase in risks from unsecured IoT devices connected to the network. Additionally, 83% of transportation and logistics organizations perceive a high or very high level of risk. This scenario puts the country's critical infrastructure, public sector and essential services at risk, making the adoption of effective cybersecurity strategies even more urgent.

Companies of all sizes are challenged to adopt a proactive approach to cybersecurity, based on a Zero Trust architecture. This means trusting no one and protecting distributed corporate networks. Additionally, Security Operations Center (SOC) automation is key to improving efficiency, enabling faster detection and response to cyber threats. This allows analysts to focus on strategic initiatives rather than routine tasks.

The challenge of social engineering and the role of ChatGPT

According to the report, 45% of companies reported a greater than 50% increase in cyber attacks, the highest in the Asia-Pacific region. Notably, 35% of organizations worry more about social engineering attacks than the APAC average. In this increasingly complex dynamic, interviewees believe that innovative technologies such as ChatGPT can have a positive impact on business activities, for example in content creation and report generation.

In conclusion, the increase in disruptive cyber attacks is pushing Indian companies to invest more and more in cybersecurity. It is essential to adopt a Zero Trust approach to protect corporate networks and critical infrastructure, while automating SOCs allows you to respond quickly and efficiently to cyber threats. In this complex challenge, innovative technologies such as ChatGPT can play an important role in supporting business activities. However, it is critical to continue to closely monitor the evolution of cyber threats and constantly adapt cybersecurity strategies to address ever-increasing attacks.