India's average cost of data breach now highest in the world: IBM report
However, despite the surge in costs, the security in artificial intelligence is still lacking, the report by global tech major IBM said.
Phishing, or the act of sending fraudulent communication to extract personal information, is the top attack vector, with the usage in 18% of incidents, followed by third-party vendor and supply chain promises at 17%, while vulnerability exploitations accounted for 13%. The research sector in India faced the highest impact from data breaches, with average cost reaching Rs 28.9 crore, closely followed by the transportation industry at Rs 28.8 crore and the industrial sector at Rs 26.4 crore.
Amid the widespread use of AI, it said nearly 60% of the breached organisations either don't have an AI governance policy or are still developing a policy. Organisations are bypassing security and governance for AI in favour of do-it-now AI adoption, the IBM report said."While AI is being rapidly embedded across business operations, security and governance are being left behind. The absence of access controls and AI governance tools is not just a technical oversight; it's a strategic vulnerability," Viswanath Ramaswamy, vice president, technology at IBM India and South Asia, said.The company has come up with the 'Cost of a Data Breach Report' for the last two decades, and has investigated nearly 6,500 data breaches for the same.
The average breach lifecycle, which is the mean time to identify and contain a breach, including restore services, dropped from 15 days to 263 days in India in 2025, it said.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
India.com
27 minutes ago
- India.com
Robert Vadra-Linked 7 Firms In Delhi Named By ED As Accused In money Laundering Case
Businessman Robert Vadra, husband of Congress MP Priyanka Gandhi Vadra, used as many as seven firms linked to him and registered at an address in Sukhdev Vihar in Delhi in a tainted land deal in Gurugram in 2008, shows a prosecution complaint filed by the ED. All the seven firms have been named as accused in the case. In its complaint filed in a Special PMLA court, ED has shed light on Vadra's several alleged illicit acts like false statement with regards to receipt of sale consideration, under valuation of the land and loss of stamp duty caused to the state government. While alleging that Vadra received received Rs 58 crore as proceeds of crime (PoC) of the involved money laundering, the ED said its investigation led to the provisional attachment of 43 immovable properties, totaling Rs 38.69 crore, identified as direct or value equivalent to Proceeds of Crime. The Special PMLA court has fixed August 28 to take cognisance of the ED complaint filed on July 17 and issued a notice to Vadra. In the ED chargesheet, Vadra has been named as Accused Number 1 along with 10 others, including seven companies. The ED alleged that Vadra's company Skylight Hospitality Private Limited, despite having less capital, bought 3.5 acres of land in Shikohpur, Gurugram from Omkareshwar Properties Private Limited for Rs 7.50 crore. The probe agency claimed that Vadra virtually got the land for free. It said he had never issued the cheque to the seller of the land and the cheque mentioned in the sale deed did not pertain to the buyer, implying that Vadra never paid the money mentioned as sale consideration in the deed. 'Moreover, the cheque mentioned in the sale deed was much lower than the prevalent market rate which is evident from the fact that the seller itself was selling its other land in the nearby vicinity at much higher rates as compared to the rates mentioned in the sale deed dated February 12, 2008,' it said. The probe agency said that despite the application stating 3.53 acres, only 1.35 acre were available for commercial licensing, below the 2-acre minimum. 'Nevertheless, Directorate of Town and Country Planning (DTCP) officials in Chandigarh proceeded with the application by including land designated for a sector road. Statements from DTCP officials revealed pressure from higher authorities to accelerate the process. The file also showed backdating and alterations to the sector road plan to help M/s SLHPL qualify for the licence,' said the ED complaint. The other accused named in the ED prosecution complaint are: Satyanand Yajee; Kewal Singh Virk; Sky Light Hospitality Private Limited (now converted into Skylight Hospitality LLP); Sky Light Realty Private Limited, Real Earth Estates Private Limited (now converted into Real Earth Estates LLP), Blue Breeze Trading Private Limited, Artex, North India IT Parks Private Limited, Lambodar Art Enterprises India Private Limited (now converted into Lambodar Art Enterprises India LLP) and SGY Properties Private Limited (earlier known as Onkareshwer Properties Private Limited).
Time of India
41 minutes ago
- Time of India
Experts from MNNIT join hands with IIIT-Gwalior, PEC to develop high speed antenna for 6G comm
Prayagraj: Experts from three institutions-- MNNIT-Allahabad, IIIT-Gwalior and PEC Chandigarh-- are jointly developing a high-speed antenna for 6G communication that could revolutionise mobile data transfer in the country. The antenna aims to boost current transmission speeds from 1 gigabyte per second (GB/s) to a staggering 1 terabyte per second (TB/s). "Once made, the antenna is expected to eliminate common mobile network issues such as voice call drops and busy networks. It will also enhance the capability of limited bandwidth systems to serve a higher number of users with improved connectivity," said Anand Sharma, Assistant Professor in the electronics and communication engineering (ECE) Department at MNNIT. As development progresses, this breakthrough positions India at the forefront of next-generation telecommunications technology, he added. Sharma, along with Pinku Ranjan from the IIIT-Gwalior and Gaurav Das from Punjab Engineering College (PEC) Chandigarh, is working on the project sanctioned by the Department of Telecommunications (DoT), Govt of India. The govt has sanctioned Rs 32 lakh for the project, which is expected to be completed within the next three years. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like The Most Beautiful Women In The World Undo "This antenna will be developed entirely using indigenous technology and will mark a major step forward in India's journey toward self-reliance in futuristic communication systems. It will allow users to send bulky files across the globe in the blink of an eye," said Sharma. The scientists believe this innovation could revolutionise the way Indians experience mobile communication, making lag-free video calls, instant file sharing and high-speed internet access a reality in the near future. Stay updated with the latest local news from your city on Times of India (TOI). Check upcoming bank holidays , public holidays , and current gold rates and silver prices in your area.
Time of India
an hour ago
- Time of India
Shravan effect: Chicken and egg sales down by 30%
Visakhapatnam: Chicken prices have slightly increased to Rs 200 per kg from Rs 180 per kg, while egg prices have decreased to Rs 6 per piece from Rs 7 across Andhra Pradesh. However, traders claim that the consumption of chicken and eggs has decreased by around 30% due to the holy month of Shravan, during which many people shun non-vegetarian food. According to Mohan, a meat trader in Vizag city, the sales of dressed broiler chicken decreased significantly, from 300 kgs every sunday to 200 kgs. He expects sales to further decline in the last week of August due to the upcoming Ganesh Chaturthi celebrations. Poultry farmers are struggling to sustain their businesses due to low chicken prices. K Srinu, a poultry farmer in the Vizag region, stated that they need to get at least Rs 130 per kg for live birds to sustain some profits, but they are currently getting much lower prices. The farmers are also facing increased input costs due to rising poultry feed prices. The chicken prices have been dropping since June, after reaching Rs 260 per kg in May. The farmers are finding it challenging to maintain their businesses due to the low prices and increasing costs, they added. Stay updated with the latest local news from your city on Times of India (TOI). Check upcoming bank holidays , public holidays , and current gold rates and silver prices in your area.
