70 per cent data thefts happen internally in companies: Mindtree Executive Chairman Krishnkumar Natarajan
Natarajan, Co-founder, CEO and Managing director of Mindtree, said many successful and big companies have fallen prey just because they do not have secured systems in place to prevent data thefts.
BENGALURU: Around 70 percent of data leaks are carried out internally in companies and the boards are uncomfortable and feel that their reputation is at risk in dealing with such things, opined Krishnkumar Natarajan, The Executive Chairman of Mindtree here on the second day of Synergia Security Conclave-2017 held in the city on Saturday.
He was speaking on the topic ‘cybersecurity the board dilemma’ where he said many successful and big companies have fallen prey just because they do not have secured systems in place to prevent data thefts.
Getting the best of technology in the context of cybersecurity will not help. Because technology is no more just an enabler tool but business itself. The mindset of the boardrooms also has to change to prevent such data thefts and also to handle the situations,” he added.
Deepak Kumar Hota, director and member of BEML Ltd said that the cyber-security is turning out to be a trillion dollar industry by 2020.
Tobby Simon, global commissioner of the global commission of internet governance said, “When Wannacry ransomware broke out there was a dilemma of whom to consult to address the situation. We consulted companies, police department, government. But none of them had an idea of whom to consult.”
PC Haldar, former director of intelligence bureau, the government of India on Saturday had said that Wanna cry ransomware was under-reported in the country and Cyber threat was being organised by state and non-state actors for various benefits.