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The increase in adoption of digitalization, cloud applications and the rise in remote workers exposes Indian organizations to greater security risks. In addition, growing concerns on the rising number of ransomware attacks coupled with stringent government measures on digital data protection and security breach reporting are pressing chief information security officers (CISOs) to increase their security and risk management spending for 2023.
End-user spending on security and risk management in India is forecast to total $2.65 billion in 2023, an increase of 8.3% from 2022, as per Gartner. Security Services to remain a Key Spending Priority for Indian CISOs in 2023.
Like 2022, security services will remain the segment that will achieve the highest levels of end-user spending in India in 2023. Security services spending is expected to represent 40% of overall end-user spending on security and risk management products and services in 2023.
Secondly, many organizations in India lack in-house security capabilities, and as result, they engage security consulting and IT outsourcing companies to meet their requirements.
In 2023, spending on infrastructure protection will surpass spending on network security equipment because of an increase in the remote workforce and in cloud applications adoption. Both are shifting focus from network security to endpoint security, which is a sub-segment of the infrastructure protection segment, forecast to grow 13.5% in 2023.
In addition, cloud security end-user spending in India is forecast to experience the highest growth rate among all the other segments in 2023. The segment is projected to grow 25.8% in 2023 as Indian organizations increasingly switch to cloud workloads and applications.
Going forward, as organizations in India continue to do business online and are exposed to more attacks on their internet-connected applications, CISOs must focus their spending on a
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There are millions of DDoS attacks from internet providers worldwide, including a wide range of regional providers, global transit and cloud companies. The distributed denial of service (DDoS) attack peaked at 26 million requests per second this past June. These massive botnet-induced attacks are targeting service providers. Carriers and cloud providers deployed billions of dollars of dedicated DDoS scrubber appliances and, for a time, gained the upper hand on the attackers.
These attacks are carried out to degrade or disable the performance and network communications of target systems. These targets can be small or large businesses, internet service providers, manufacturers, retailers, healthcare providers, schools and universities, or other nation-states. Essentially, any entity with an online presence can become a DDoS target.
The bots of a botnet can include computers, smartphones, virtualized machines, and/or a wide range of Internet of Things (IoT) devices such as IP cameras, smart TVs, routers, anything that has internet connectivity and can be compromised. In particular, IoT vulnerabilities and misconfigurations are extremely common in the consumer market making it very easy for hackers to create an IoT botnet.
The explosive growth in IoT and cloud computing paved the way for the rise of IoT botnets that amplifies DDoS attacks today. Combined with an increasingly lucrative extortion market, it represents a major shift in the DDoS threat landscape. This is a dangerous warning that the possibility of a sophisticated DDoS attack and a prolonged service outage will prevent businesses from growing.
IoT devices include a huge range of commercial and consumer devices such as temperature measurement systems, smart TVs, IP cameras, smart door bells, security systems, network routers & switches, and even children’s toys.
Despite a huge amount of commentary and warnings about IoT vulnerabilities and well-understood fixes
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