With rapid acceleration in technology usage due to digitization, there has been an exponential increase in hackers and their methods who virtually ground the operations of several companies with their sophisticated and surreptitious methods. Of late, their sophisticated tools and mechanisms have been making it difficult for enterprises of all sizes to combat this menace.
Industry analysts reckon that often somebootstrapped small and medium businesses (SMBs) end up compromising on the security aspect due to limited resources and their focus on growth.
Keeping that in mind, BW Businessworld, in association with Microsoft India, organized a forum where many such enterprises could leverage the expertise of top influential entrepreneurs and learn from their growth strategies andinteract with the brightest minds in the security domain to explore major pitfalls, key challenges and the way forward for business security.
Shah Amber, associate director, IT and Project Assurance - PwC, said, “We need to discern how much we are geared up to take on such attacks which happen not only on big institutions, but also smaller ones. It is ground reality that there is an exposure to these threats which we may not be aware of. So, IT has gained a lot of eminence not only because of cyber attacks but also because the world is changing with the evolution of technologies. Therefore it is important to keep pace with the securities that will be brought into the system.”
Dalvir Singh, Sira, head - Windows Commercial Business, Microsoft India, said, “All the organizations, especially in the SME sector, should stay secure and should ensure that their endpoints are met. With Windows 10, we have inbuilt security capabilities that help organizations stay secure and need not worry about what could happen and focus on how they can progress their business. Our Windows Enterprise and Windows Pro fit the bill to serve the SME sectors in the country.”
Raman Roy, CMD, Quatrro Global Services, stated, “Cyber security as a concept is so new that it gives us an opportunity for us to take a leadership position to solve these issues across the world. It is an opportunity of about US$ 5 billion in which India can play a major role.”
He further added, “Cyber threat is a major issue which needs to be addressed especially by the SME enterprises (in India). The larger enterprises already have the wherewithal to invest in resources for such issues. If you look at the sheer nature of what the challenges are, the level of sophistication has come up manifold. The security threat is not new but the colour; intensity and target audience are changing.”
After the event concluded, Jaideep Khanduja, Apon Innovative Solutions LLP (an SME) spoke on the sidelines wherein he maintained, “Our company deals with interacting with the CFOs and CEOs of the company and then we try to figure out what kind of enterprise solutions and security infrastructure are required for these companies. Security is the most important factor these days and we are pleased to attend a forum which enlightens us about these solutions.”
BW Reporters
The author is a Principal Correspondent at BW Businessworld.
