TCS' new study reveals Cyber Threats within Digital Ecosystems May Be an Enterprise Blind Spot

15 Jul 2022 , 11:40 AM

Tata Consultancy Services Limited announced the findings of its TCS Risk & Cybersecurity Study, which reveal that cyber executives may not be prioritizing threats from vulnerabilities within the value chain, beyond their own organizations’ immediate boundaries.

When asked where companies will see the most cyberattacks between now and 2025, ecosystem partners came in last (10th).

TCS’ survey found that, at a time when businesses are increasingly relying on digital ecosystems for growth, only 16% of chief risk officers (CROs) and chief information security officers (CISOs) ranked digital ecosystems as a concern when assessing expected cyber targets, and only 14% ranked such ecosystem risks as the top priority arising from board-level discussions.

When determining priorities between now and 2025, CISOs prioritize governance, strategy, and talent acquisition.

Prioritization of the company’s security posture and definition of controls and standards rank first. Establishing a more robust cybersecurity strategy is ranked second, followed by investing in security talent acquisition and development.

According to TCS’ research, talent retention is directly related to how a company stores its information. When compared to companies that believe that on-premises or traditional data centre security is preferable to what is available via the cloud, cloud-positive organisations have a slight advantage in retaining and recruiting talent with notoriously difficult-to-find cyber skills.

In fact, adopting cloud platforms gives businesses a five-point advantage in recruiting and retaining cyber risk and security talent.

TCS is currently trading at Rs2,990.50 down by Rs8.2 or 0.27% from its previous closing of Rs2,998.70 on the BSE. The scrip opened at Rs3,015 and touched intraday high and low of Rs3,028 and Rs2,975.05 respectively.