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Cybersecurity investment grows in
2020, but organizations face record
data breaches
By VARINDIA - 2021-03-29
“Prioritize cybersecurity and invest in broadening protection, detection and response measures or
face disaster,” is the message from Canalys Chief Analyst Matthew Ball. According to the latest
analysis from Canalys this is the stark reality facing organizations in 2021. For many, it is too
late.  
 
 CIO  - SPEAK
Sandeep Sengupta,
MD, ISOAH Data
Securities
Educating
customers &...
Dr. Harsha E
Thennarasu Chief
IT & Cyber Security
CERTIFICATE CONTENT SYNDICATION EVENTS GO DIGITAL INFOGRAPHICS PRESS SPECIAL TECHTREND
The data breach
crisis escalated last
year, as more
records were
compromised
in  just  12 months
than in the previous
15 years combined.
Ransomware
attacks surged with
tragic
consequences, as
hospitals were
specifically
targeted.  Several
high-profile
organizations went
out of business  in
2020  and surviving
organizations had
to implement
business continuity
measures quickly in
response to the COVID-19 pandemic or face ruin. This was often at the expense of cybersecurity
and bypassed longstanding corporate policies, leaving many exposed to exploitation  by highly
organized and sophisticated threat actors, as well as other more opportunistic hackers. 
 
In a new two-part special report ‘Now and Next for the cybersecurity industry’ Canalys notes that
Cybersecurity investment outperformed other segments of the IT industry in 2020, growing 10% to
US$53 billion. However, business continuity and workforce productivity took precedence over
security during the pandemic. According to Canalys estimates, cloud infrastructure services grew
33% in 2020 to US$142 billion, representing an increase of US$45 billion in annual spend against
2019. Cloud software services increased more than 20% during the same period. Zoom’s reported
revenue jumped over 300%, while Microsoft Office 365 and Salesforce maintained strong double-
digit growth. Notebook PC shipments also had a record year, surging 17%, and are forecast to
Advisor, HKIT
Securi...
Jaideep Khanduja
Chief Technology
Officer,
AccioMango Pvt
Ltd Educati...
grow further in 2021. Logitech’s webcam business also hit a record high, increasing 138% on a
trailing four-quarter basis. And sales growth of home Wi-Fi routers exceeded 40%, as remote
workers looked to improve their connectivity, while home printers and ink sold out.  
 
“Cybersecurity must be front and center of digital plans, otherwise there will be a mass extinction
of organizations, which will threaten the post-COVID-19 economic recovery,” said Ball. “A lapse in
focus on cybersecurity is already having major repercussions, resulting in the escalation of the
current data breach crisis and acceleration of ransomware attacks.”
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Women in Technology Leadership

  • 1. Apps Game KDS Security Telecom Work From Anywhere Subscriber to Newsletter March Issue Blogs Vlogs HOME / NEWS Cybersecurity investment grows in 2020, but organizations face record data breaches By VARINDIA - 2021-03-29 “Prioritize cybersecurity and invest in broadening protection, detection and response measures or face disaster,” is the message from Canalys Chief Analyst Matthew Ball. According to the latest analysis from Canalys this is the stark reality facing organizations in 2021. For many, it is too late.      CIO  - SPEAK Sandeep Sengupta, MD, ISOAH Data Securities Educating customers &... Dr. Harsha E Thennarasu Chief IT & Cyber Security CERTIFICATE CONTENT SYNDICATION EVENTS GO DIGITAL INFOGRAPHICS PRESS SPECIAL TECHTREND
  • 2. The data breach crisis escalated last year, as more records were compromised in  just  12 months than in the previous 15 years combined. Ransomware attacks surged with tragic consequences, as hospitals were specifically targeted.  Several high-profile organizations went out of business  in 2020  and surviving organizations had to implement business continuity measures quickly in response to the COVID-19 pandemic or face ruin. This was often at the expense of cybersecurity and bypassed longstanding corporate policies, leaving many exposed to exploitation  by highly organized and sophisticated threat actors, as well as other more opportunistic hackers.    In a new two-part special report ‘Now and Next for the cybersecurity industry’ Canalys notes that Cybersecurity investment outperformed other segments of the IT industry in 2020, growing 10% to US$53 billion. However, business continuity and workforce productivity took precedence over security during the pandemic. According to Canalys estimates, cloud infrastructure services grew 33% in 2020 to US$142 billion, representing an increase of US$45 billion in annual spend against 2019. Cloud software services increased more than 20% during the same period. Zoom’s reported revenue jumped over 300%, while Microsoft Office 365 and Salesforce maintained strong double- digit growth. Notebook PC shipments also had a record year, surging 17%, and are forecast to Advisor, HKIT Securi... Jaideep Khanduja Chief Technology Officer, AccioMango Pvt Ltd Educati...
  • 3. grow further in 2021. Logitech’s webcam business also hit a record high, increasing 138% on a trailing four-quarter basis. And sales growth of home Wi-Fi routers exceeded 40%, as remote workers looked to improve their connectivity, while home printers and ink sold out.     “Cybersecurity must be front and center of digital plans, otherwise there will be a mass extinction of organizations, which will threaten the post-COVID-19 economic recovery,” said Ball. “A lapse in focus on cybersecurity is already having major repercussions, resulting in the escalation of the current data breach crisis and acceleration of ransomware attacks.” Name: Email: Comment: reCAPTCHA I'm not a robot Privacy - Terms Send  INTERVIEWS   TOP  VIDEOS Start-Up and Unicorn Ecosystem AI could play crucial role in growth of farm sector Women have significantly
  • 4. Interaction analytics for better Sales Conversions "As Lenovo has brand presence across globe, becoming Lenovo partner means business will benefit from its support on a global scale" Customer First: The success mantra of Viroka Technology   VMware's strength lies in providing consistent ability of customers to run any application on any cloud Open Source is Rewriting Digital Transformatio n transformed the narrative debate on... Quicker adoption of digital technologies is good for the Ind... The hybrid work culture resulted in enhanced opportunities f... Microsoft forecasts the Next Great Disruption as Hybrid Work NIT Rourkela will have Incubation centre into the field of S... Aspen Technology, L&T Technology Services Partner to Deliver... What is 5G and What does it mean for Cybersecurity? 3 in 4 Indian professionals will actively look for a new job...
  • 5.  SECURITY  Beware of this WhatsApp scam message: free gifts from Amazon to users The message being circulated on WhatsApp asks users to take a survey that claims to offer...  SOFTWARE  HCL Technolo gies intros next- generatio n applicatio n managem ent START  - UP Innovaccer aims to ramp up hiring across India Healthcare has troves of information on our health locked in electronic silos. Innovaccer... The University with an Uniqueness: Plaksha University Post Pandemic Technology Blues AI to bring a huge shift to the global Industries with the p...
  • 6. CoSoSys launches Endpoint Protector 5.3.0.0 in India The Data Loss Prevention (DLP) vendor CoSoSys launched the latest update of its top-rated... Indian IT executive sentenced for two years in Prison in US Deepanshu Kher, age 32 from New Delhi was sentenced today in federal court to two years in... framewor k ASM 2.0 HCL Technologies (HCL) announced the launch of its next- generation application management ... Microsoft India makes Power Automate Desktop available for Windows 10 users Microsoft has announced that its Power Automate Desktop solution will be generally availab... Prove completes acquisition of MEDICI Global Prove has announced the acquisition of MEDICI Global. With this transaction, Prove substan... The education sector in the country is providing technology integration in schools and lea... ACUVA TECHNOLOGIES DEBUTS IN INDIA Acuva Systems India a wholly-owned subsidiary of Acuva Technologies Inc., a global le... Moneyboxx Finance secures INR 25 crore from slew of NBFCs and Small Finance Bank Moneyboxx Finance, a non-banking finance company that provides small-ticket loans to micro... SOUTHERN INDIA INFORMATION TECHNOLOGY FAIR (SIITF) STAR NITE AWARDS(SNA) - 2018 NEW DELHI ODISHA INFORMATION TECHNOLOGY FAIR(OITF)-2019 BHUBANESWAR WESTERN INDIA INFORMATION TECHNOLOGY FAIR(WIITF) -
  • 7. -2018 BANGALURU 2019 MUMBAI  PERIPHERALS  JBL unveils PartyBox On-The- Go and PartyBox 310 JBL has launched its PartyBox On- The- Go and Party Box 310 at the time of Holi.... Vertiv announces Next-Generation Mid-size UPS System Vertiv has introduced Vertiv Liebert EXM2, a three-phase monolithic uninterruptible power... Soundcore by Anker unveils high power, 30W Bluetooth Party speaker 'Motion Plus' Soundcore by Anker has announced a new party speaker to its wide range of Audio products i... Prama Hikvision Introduces Tripod Turnstile in the High  INDUSTRY  EVENTS Global Cloud Experts Gather to Address Roadmap for Cloud- First Approach in the Kingdom Endorsed by Saudi Cloud Computing Association, World Cloud Show is gearing up to virtually... TECHgium® concludes with record-breaking participation of engineering students L&T Technology Services Limited (BSE: 540115, NSE: LTTS), a global leading pure play e... Huawei hosts its online Industrial Digital Transformation Conference Huawei has held its online Industrial Digital  E-  COMMERCE Paytm Payment Gateway becomes largest processor for business payments, achieves 750 Mn monthly transactions Paytm has announced that it’s ‘All-in-One Payment Gateway’ is the larges... Paytm launches Soundbox 2.0 & Smart POS to enable small businesses Paytm introduced its latest Internet of Things (IoT) based payment devices, Soundbox 2.0 a... Paytm leads the mobile payments market in India with 1.2B monthly transactions The sources from Paytm says, it has processed 1.2 billion transactions in the month of Feb... Amazon to redesign it's app icon after it comparisons to Hitler's mustache Amazon has changed its app icon after receiving
  • 8. Speed Entrance Solution Prama Hikvision, a leading video security solution provider has introduced the Tripod Turn... Transformation Conference, themed "New... Technology for Change Week Asia highlights the need to close the gaps in digital inclusivity across the region A virtual week exploring the issues affecting over 5 billion citizens in Asia - the built... criticism that its new logo resembles with...  MOVERS   & SHAKERS Dr Anish Shah appointed as the MD and CEO in M & M Mahindra & Mahindra (M&M) has announced that Pawan Goenka will retire as Managing... Nutanix names Steve Dixon as Enterprise Sales Director - APJ 105 Nutanix has announced that Steve Dixon has joined the company as Enterprise Sales Director... Seagate ropes in Shankar Arumugavelu to its Board Of Directors Seagate Technology plc announced that Shankar Arumugavelu has been appointed to the compan...  CHANNEL  - BUZZ iValue Bags “Best Vertical Partner 2020, APAC” Award from Alcatel-Lucent Enterprise iValue InfoSolutions, a leader in the digital asset protection and data, network and appli... VMware announces partners accelerate profitability with new Customer Lifecycle Incentives VMware has launched the Customer Lifecycle Incentives Program to help partners facilitate... AMS-IX and Sify to open four new Internet Exchanges in India AMS-IX, the world leading Internet Exchange, and Sify (NASDAQ: SIFY), India’s most c... Embed View on Twitter Tweets by @varindiamag 5m How the India-born buyer bought the art for ₹504 cr varindia.com/news/how-the-i… @vigsun @viananda VARINDIA @varindiamag How the India-born buyer bough… Indian-origin Programmer Vignesh … varindia.com VARINDIA @varindiamag
  • 9. PDFmyURL.com - convert URLs, web pages or even full websites to PDF online. Easy API for developers! Ramsunder Papineni appointed as President, Global Sales by Vehere Vehere has announced the appointment of Ramsunder Papineni as President, Global Sales. In... Ingram Micro India signs distribution agreement with Scale Computing Ingram Micro India has announced a distribution agreement with Scale Computing for its ran...  Copyright varindia.com @1999-2021 - All rights reserved. Reproduction in whole or in part in any form or medium without express written permission of Kalinga Digital Media Pvt. Ltd. is prohibited. Other Initiatives : www.mybrandbook.co.in | www.spoindia.org Distributors & VADs Industry Associations Telco's in India Indian Global Leaders Edit Calendar About Us Advertise Us Contact Us DISCLAIMER PRIVACY STATEMENT SITEMAP SUBSCRIBE NOW