Malware attacks threaten companies as hybrid workspace model gains prominence

BENGALURU: Cybersecurity threats are increasing at an alarming rate for Indian enterprises as a
hybrid workspace model is being deployed by a majority of these companies. After the government eased the Other Service Provider (OSP) regulations for the BPO and IT services firms for facilitating Work from Home, experts say companies should start investing more in cybersecurity to allay major concerns like data leakages and malware attacks.

A recent study by Cisco found that a majority of the Indian firms reported a 25 per cent increase in cybersecurity attacks amidst a mass shift to remote working. The survey, which quizzed 3,000 IT leaders globally including India, found that secure access, data privacy and malware were the primary concerns faced by enterprises. It added that many Indian firms were rather unprepared to make an accelerated transition to offshore models amid the pandemic.