The rising significance of cybersecurity for logistics

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United States

By Aditya Vazirani, CEO, Robinsons Global Logistics Solutions

We all read in the newspapers and the online news portals about the importance of Cyber Security and how Governments and large organizations are being targeted by hackers to mine out crucial data. Even as global businesses are adopting WFH on digital platforms to survive in the face of the current crisis, there have been rising instances of cyber-attacks, which are a reminder of the need for a robust cyber-security network. Certain controls and Firewalls have already become redundant as they aren’t “on-premise” and are creating a cybersecurity risk unless companies have been agile to incorporate tunnels and VPNs.

A report from Symantec Corp. (now part of Broadcom), published in 2019 stated India is the next most cyber-attacked country in the world, after the U.S. and China. During the quarter April-June 2019, India topped the list of countries most cyber-attacked, according to a report released by Subex.

A team at IBM has calculated that the average cost of a data breach in India grew 7.29 % year-over-year to reach INR 128 million from INR 119…

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