93% of Indian enterprises aim to increase security spending in 2019

The government’s flagship “Aadhaar Programme” is a powerful step towards ensuring transparency and good governance and has resulted in increased IT security spending

The report finds that a striking 93% of Indian respondents plan on increasing IT security spending this year, the highest among all countries surveyed and well above the global average (78%). This year’s findings demonstrate a mix of good and bad news for Indian organizations in adopting security strategies to prevent the breach of sensitive data at their workplaces.

According to the report, digital transformation across the globe has led to the growth of new business models that are focused on driving growth and profitability for organizations including cloud, IoT, big data and blockchain. Indians recognize encryption with Bring Your Own Key (BYOK) capabilities as the top security tool for securing sensitive data in cloud environments and continue to spend their resources on the same technology.

The report also states that the government’s steps toward ensuring transparency under the ‘Aadhaar programme’ have resulted in an increase in IT security spending by Indian organizations. At the same time, reports of successful data breaches in India are second only to Sweden among all geographical and vertical markets.

“This year’s India Data Threat Report 2018 emphasizes the need for change in security strategies to prevent the continuous increase in data breaches and also highlights privacy and data protection practices,” said Emmanuel de Roquefeuil, VP & Country Director, Thales in India.

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