- 11% of respondents accepted that they fell victim to a
ransomware attack in the last year in India, with 10% paying the
ransom
- Misconfiguration/ human error identified as the top cause of
data breaches in India and across the world for the second year in
a row
- 43% of respondents failed a compliance audit last year
globally, with those companies 10x more likely to suffer a data
breach
Thales today announced the release of the 2024
Thales Data Threat Report, its annual report on the latest
data security threats, trends, and emerging topics based on a
survey of nearly 3000 IT and security professionals in 18 countries
across 37 industries. This year’s report found that 93% of IT
professionals globally believe security threats are increasing in
volume or severity, a significant rise from 47% last year.
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Threats continue to increase in volume and severity
The findings of the report indicate that 11% of respondents
experienced ransomware attacks in India in the past year. Despite
ransomware ranked as topmost growing threat by the respondents in
the country, only 20% of have a formal ransomware plan in place,
with 10% resorting to paying the ransom demands.
Ransomware and malware stand out as the fastest-growing threat
of 2024, with 42% of respondents ranking them as topmost fastest
growing type of threat. Cloud assets, including SaaS applications,
cloud-based storage, and cloud infrastructure management, remain
the primary targets for such attacks.
The report shows that for a second year running, human error
remains the leading cause of data breaches, with 34% of enterprises
pinpointing this as the root cause.
These insights are drawn from the 2024 Thales Data Threat
Report, conducted by 451 Research. The report sheds light on how
businesses are adapting their data security strategies and
practices in response to an evolving threat landscape.
Compliance is the key to data security
The research found that 40% of respondents in India failed a
compliance audit in the past twelve months – with the report
highlighting a very clear correlation between compliance and data
security.
19% of respondents had experienced a breach that very same
year.
Operational complexity continues to cause data
headaches
Fundamental understanding of what systems, applications, and
data are at risk continue to lag due to changing regulatory and
threat landscapes. Only a third (31%) of Indian organisations are
able to fully classify all of their data, with a worrying 20%
stating that they classify very little or none of their data.
Operational complexity remains a barrier globally. While the
number of respondents reporting five or more key management systems
is down (53% versus 62% last year), the average number declined
only slightly (from 5.6 to 5.4).
Wordlwide, the reality of multicloud across services and
changing global data privacy regulations means that data
sovereignty is a leading priority for businesses, with 28%
identifying mandatory external key management as the leading way to
achieve sovereignty. 39% said that data residency would no longer
be an issue provided that external encryption, key management, and
separation of duties were implemented.
“Enterprises need to know exactly what they’re trying to
protect. With data privacy regulations continually changing in
India and across the world, enterprises need to have good
visibility across their organisation to stand any chance of staying
compliant,” said Ashish Saraf, VP and Country Director, Thales
in India.
“If there’s one key takeaway from this year’s study, it’s that
compliance is key. In fact, respondents that had a good hold over
their compliance processes and passed all their audits were also
less likely to suffer a breach. As India continues to progress in
the technological landscape, we’ll start to see more compliance and
security functions coming together. This would be a huge positive
step to strengthen cyber defenses and build trust with customers,”
he added.
Emerging technology poses both threats and
opportunities
Looking ahead, the report also explored which emerging
technologies are top-of-mind for IT and security professionals,
with 57% identifying Artificial Intelligence (AI) as a huge source
of concern globally. This was closely followed by IoT (55%) and
Post Quantum Cryptography (45%).
That said, worldwide enterprises are also looking at the
opportunities that emerging technologies bring, with over a fifth
(22%) planning to integrate Generative AI into their security
products and services in the next 12 months, and a third (33%)
planning to experiment integrating the technology.
For more information please join our webinar with S&P Global
on April 16, 2024 hosted by Eric Hanselman, Chief Analyst and
Justin Lam, Research Analyst.
About the 2024 Thales Global Data Threat Report
The 2024 Data Threat Report (DTR) analyzes how core security
practices have changed in response to or in anticipation of
changing threats. This report also offers perspectives on what
organizations can do to leverage data assets to expand
opportunities to make their businesses more agile and build trust
with their customers. This research was based on a global survey of
2,961 respondents fielded via web survey with targeted populations
for each country, aimed at professionals in security and IT
management. In addition to criteria about level of knowledge on the
general topic of the survey, the screening criteria for the survey
excluded those respondents who indicated affiliation with
organizations with annual revenue of less than US$100 million and
with US$100 million-$250 million in Australia, Brazil, Canada,
France, Germany, Hong Kong, India, Italy, Japan, Mexico, the
Netherlands, New Zealand, South Korea, Singapore, Sweden, the
United Arab Emirates, the United Kingdom and the United States of
America.
About Thales
Thales (Euronext Paris: HO) is a global
leader in advanced technologies within three domains: Defence &
Security, Aeronautics & Space, and Digital Identity &
Security. It develops products and solutions that help make the
world safer, greener and more inclusive.
The Group invests close to €4 billion a
year in Research & Development, particularly in key areas such
as quantum technologies, Edge computing, 6G and cybersecurity.
Thales has 81,000* employees in 68
countries. In 2023, the Group generated sales of €18.4 billion.
* These figures exclude the ground
transportation business, which is being divested
About Thales in India
Present in India since 1953, Thales is
headquartered in Noida and has other operational offices and sites
spread across Delhi, Hyderabad, Bengaluru and Mumbai, among others.
Over 2,000 employees are working with Thales and its joint ventures
in India. Since the beginning, Thales has been playing an essential
role in India’s growth story by sharing its technologies and
expertise in Defence, Transport, Aerospace and Digital Identity and
Security markets. Thales has two engineering competence centres in
India - one in Noida focused on digital identity and security
business, while the one in Bengaluru focuses on hardware, software
and systems engineering capabilities for both the civil and defence
sectors, serving global needs.
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version on businesswire.com: https://www.businesswire.com/news/home/20240320589014/en/
PRESS CONTACT Thales, Media Relations Security
& Cybersecurity Marion Bonnet +33 (0)6 60 38 48 92
marion.bonnet@thalesgroup.com
Thales, Communications in India Pawandeep Kaur +91 120 40
20 555 pawandeep.kaur@thalesgroup.com
Chase India Prakhar Mishra +91 6394794255
Prakhar@chase-india.com
Thales (EU:HO)
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