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Information is Money stored in the form of bytes in the present era of digitalization. Securing information is worth storing diamonds, yet many businesses in India despite of knowing the value of data, have a reactive approach to this. Instead of being precautionary and taking preventive measures in advance, they wait for an incident to happen and then act on it. Well, this is not a vague statement. A recent study shows a 20 percent increase in the business loss caused due to information leaks and the average cost of data breach increased by 12.3% to Rs 11 crore from Rs 9.7 crore.

The report identified malicious or criminal attacks as the most common root cause of a data breach with 41% of companies experiencing this. As high as 33% attributed a breach due to system glitches, while 26% involved employee or contractor negligence.