Need for
Cyber Security Solutions
for Different Industries
Healthcare
The healthcare industry is rapidly evolving and relying more and more on digitalization and technology. COVID-19, in particular, has accelerated the adoption of technology in the healthcare industry. With rapid digitization, the healthcare industry is facing new challenges. One of the biggest challenges that the healthcare industry is facing is that of cybersecurity.
Healthcare institutions store a large amount of sensitive data related to patients' health conditions, medical billing, and insurance information. All this information is of high value in the black market and is often targeted by hackers. The proliferation of connected medical devices such as pacemakers and insulin can also put the lives of patients in serious jeopardy.
The number of cyberattacks on the healthcare sector has been steadily increasing, and it is getting worse. It's important to address the growing threat of cyberattacks. It is imperative, now more than ever, that healthcare organisations approach cybersecurity with enhanced rigor.
Banking & Financial Services
Banks play an important role in the creation of capital and ensuring the smooth functioning of essential services. The Indian BFSI sector has experienced some of the fastest growth in the nation, driven by rapid technological advancement and encouraging governmental initiatives.
However, this progress has also attracted numerous cyberattacks against the BFSI sector. There has been a sharp uptake in the number of cyberattacks, as the attack surface area has expanded greatly due to the increasing number of digital initiatives.
BFSI institutions store a large amount of sensitive financial data of every individual who is using the banking infrastructure. Cyber attacks put all of our financial information at risk. A successful cyber attack on the BFSI industry could result in financial losses and widespread chaos.
New regulations enforced by the RBI, emphasis on data protection and increasing cyber attacks are driving banks and financial institutions to seriously look at cyber security.
Manufacturing
Industry 4.0 has brought in digitization and Internet of Things to the Manufacturing world. Industry 4.0 has introduced operational efficiencies that were unseen in the past. With cybercrime on the rise and Industry 4.0 going guns blazing, everyone is wondering this question - would a hacker target a manufacturing business? And the simple answer is yes they would.
The biggest asset a manufacturing company owns is their Intellectual Property. The loss of this sensitive data could lead to a lot of monetary loss. Some manufacturers have info like customer financial information or addresses. If that kind of information falls into the wrong hands, it could cost them dearly.
The biggest cyber threat to manufacturing industries are ransomware attacks. Such attacks could halt the manufacturing industry. And a stop of 5 minutes could lead to a great loss of business and money.
Retail
Given the abundance of sensitive data that retail businesses retain about their customers, they remain a major target for cybercriminals. Retail businesses store sensitive information about their customers, like addresses, credit card information, etc.
With the rise of online stores, malicious actors are attacking the retail web applications to steal sensitive data like payment details, usernames, and credentials. Perpetrators also have the ability to steal payment information from automatic teller machines at checkout queues during in-store cyber assaults. Any Denial of Service attack on retail web applications can lead to a great loss of business.
Businesses face a lot at risk financially to ensure retail data protection for their consumers. If a cyber-attack happens, the organisation will undoubtedly face substantial economic loss while restoring the loss and providing customer protection.
Cybersecurity is critical because it safeguards all types of data against theft and loss. Retailers, at this point, cannot afford to overlook security concerns.