Page 19 - NOVEMBER MAGAZINE 2022

With increased dependency on Gaps Addressable
There has been an
exponential rise of
attacks on online
marketplaces,
and 2023 will likely
witness more such
attacks in the
eCommerce space.
Ganesan Sivaramakrishnan
embarked on his career as an IT
Field Engineer and worked
across numerous industries. He
has 25+ years of experience in IT
Infra, Security, and Digital with a
renewed focus on IoT & Digital
Twin.
Read his views on how leakage
of enterprise-sensitive data can
have a cascading effect on trust
a n d fi n a n c i a l l o s s
organizations.
Why Data Protection & Privacy
Has Gained Prominence?
cloud and online transactions, the Almost two-thirds of data loss
incidents accounted for human
d a t a c r e a t e d a n d s t o r e d
error, and in my opinion making
c o n t i n u e s t o g r o w a t
the Employees/Partners/Users
unprecedented rates. Any
aware of the Security Roadmap
leakage of enterprise-sensitive plays a pivotal role.
information and data breaches Some of the best practices include:
will have a severe reputational hit Mock drills on data restoration
and cascading effects on trust, Regular and Diversify Backup
financial loss, etc. Encryption, Regular Software
Protection Gaps Updates can help to mitigate
Information security is not the these issues.
Expectations from Data
individual responsibility of the CIO Protection Law
or CISO but a collaborative We expect that the revised law
responsibility. An organization protects the regulatory agencies
s h o u l d f o c u s o n P r o c e s s from external influence, “punitive
S t a n d a r d i s a t i o n , T r a i n i n g , and financial” consequences to
Automation, etc., to bridge the companies misusing user data,
gap. comprehensive protection
guidelines on personal data, data
Solutions compatible with
obtained through digital means,
fundamental human rights will go
for a long run and be well such as apps and websites, etc.
adopted. One should understand Trends for 2023 & Beyond
that information protection is a There has been an exponential
journey and not a one-stop r i s e o f a t t a c k s o n o n l i n e
solution. marketplaces, and 2023 will likely
Data Recovery after an Attack witness more such attacks in the
The term attack for data loss can eCommerce space. Apart from
b e a c c i d e n t a l d e l e t i o n , the trends predicted by Gartner,
equipment failure, sending
viz. AI Trust and Risk and Security
critical information to the wrong
f o r person, corruption, natural Management (AI TRiSM), a few
disaster, and virus/ransomware other trends that will be visible
attack, etc. w o u l d b e I n d u s t r y C l o u d
A data recovery plan calls for an Platforms, DIS, Metaverse, and
organization's DR and BCP plan Sustainable Technology.
and a structured approach to
how an organization can quickly
resume after an incident. Nov. 2022