More and more people and businesses are relying on digital modes of transactions and communication to perform even the simplest of their day-to-day.

The total volume of digital transactions in India grew by 58.8% in the year 2018-2019, according to a recent study. From minor retail transactions to major B2B settlements, every transaction is being carried out digitally. More and more people and businesses are relying on digital modes of transactions and communication to perform even the simplest of their day-to-day. And this rapid transition towards digitization is great for Indians as it will bring greater convenience, efficiency, as well as transparency into business and government processes. However, this would also mean that people and businesses will become increasingly dependent on these digital systems.

Increased dependence on digital technology and applications would then make potential failures in these systems extremely risky. For instance, a small business that is heavily dependent on UPI payments can face a severe crisis if their online payments application is hacked or if their banking credentials are compromised. On a larger scale, imagine if critical government processes like power and water supply or emergency services are digitized, and are subjected to a cyber attack. The ensuing loss could cripple normal life and the economy drastically. To prevent such scenarios, it is vital to secure all digital systems, networks, and data with a robust cybersecurity system.

Using state-of-the-art cybersecurity tools can enable organizations to enjoy the convenience and efficiency offered by digitization without having to worry about the risks associated with it. Using a next-generation firewall with contextual intelligence can enable businesses to secure their critical applications and data from being leaked, misused, or destroyed, while still making them easily accessible to authorized people for justified purposes.

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