Key Points
- Ransomware attacks now use AI and deepfake technology for multifaceted extortion tactics
- Supply chain cyberattacks exploit third-party vendors to reach larger corporate targets
- Quantum computing threatens existing cryptographic algorithms requiring urgent encryption upgrades
Last year, a mid-sized manufacturing firm in Pune discovered that its entire production scheduling system had been locked by ransomware. The attackers demanded payment in cryptocurrency. The company’s IT team had believed their systems were secure. They were wrong, and the resulting three-week shutdown cost the firm an estimated ₹4 crore in lost orders and emergency recovery work.
This scenario is no longer exceptional. Across India, businesses of every size face a growing catalogue of digital threats that can halt operations, expose customer data and trigger regulatory penalties. The question is no longer whether organisations face cybersecurity risk, but whether they understand it well enough to manage it.
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