shot-button
Maharashtra Elections 2024 Maharashtra Elections 2024
Home > Technology News > One in two Indian firms suffer unexpected downtime due to data loss

One in two Indian firms suffer unexpected downtime due to data loss

Updated on: 06 April,2021 11:15 AM IST  |  Mumbai
IANS |

Nearly 98 per cent of IT users spent more time on their devices last year and 85 per cent of them took extra steps to protect those devices. About 35 per cent admit to not updating their devices until at least a week after being notified of a patch, or even longer, said the report.

One in two Indian firms suffer unexpected downtime due to data loss

Representational image. Pic/iStock

More than one in two organisations in India suffered unexpected downtime last year because of data loss, a new report showed on Monday.


This was despite nearly 70 per cent of Indian companies investing in 10 cyber security solutions simultaneously. However, investing in more solutions does not necessarily lead to better cyber protection, according to the report by Singapore-based Acronis, a global leader in cyber protection.


"These findings confirm our belief that the smarter approach is cyber protection, which unifies data protection, cybersecurity, and endpoint management in one," said Rustom Hiramaneck, General Manager-South Asia at Acronis.


A shocking 20 per cent of IT professionals in India don't know if their organisation is subject to data privacy regulations. "If those responsible for ensuring data privacy don't know they are culpable, they cannot implement strategies or evaluate the solutions needed to address the requirements. That ignorance puts the business at tremendous risk of major fines for potential compliance violations in 2021," the report warned.

The Acronis survey polled 4,400 IT users and professionals in 22 countries across six continents, including India. The report found that there is a significant gap in awareness among users and IT professionals in India of what IT and cybersecurity capabilities are available to them, which can cause them to lose valuable time, money and security:

Nearly 35 per cent of IT users and 11 per cent of IT professionals in India would not know if their data had been modified without their knowledge because their solution makes determining that kind of tampering difficult.

"Nearly 10 per cent of IT users in India don't know if their anti-malware stops zero-day threats, because their solution doesn't make that information easily available -- but 58 per cent claim to have it," the findings showed. The survey also revealed a staggeringly lax approach to data protection among IT users in India.

Nearly 98 per cent of IT users spent more time on their devices last year and 85 per cent of them took extra steps to protect those devices. About 35 per cent admit to not updating their devices until at least a week after being notified of a patch, or even longer, said the report.

This story has been sourced from a third party syndicated feed, agencies. Mid-day accepts no responsibility or liability for its dependability, trustworthiness, reliability and data of the text. Mid-day management/mid-day.com reserves the sole right to alter, delete or remove (without notice) the content in its absolute discretion for any reason whatsoever

"Exciting news! Mid-day is now on WhatsApp Channels Subscribe today by clicking the link and stay updated with the latest news!" Click here!


Mid-Day Web Stories

Mid-Day Web Stories

This website uses cookie or similar technologies, to enhance your browsing experience and provide personalised recommendations. By continuing to use our website, you agree to our Privacy Policy and Cookie Policy. OK