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Build a Safety Net Around You

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Build a Safety Net Around You

Sujith Vasudevan, Managing Editor, 0

India is drastically transforming its entrepreneurial landscape to stay true to its futuristic ambitions. There is a favorable milieu for startups to thrive. India is currently home to 107 unicorns with a total valuation of $340.79 billion. Remember, just five years ago, India had only 14 unicorns. The Indian software-as-a-service (SaaS) industry has made the most of this favorable ecosystem. India is currently home to 17 SaaS unicorns, with the entry of companies like PostMan, MindTickle,
Browserstack, and many others. In fact, Indian SaaS companies, in particular, are making a global impact. It is reported that the SaaS revenue is growing 20 percent every year globally and is expected to reach $300 billion by 2024.

However, with an increasing number of technology startups that highly engage the prevailing hybrid work culture, it's a perfect milieu for cyberattackers to thrive. While the exponential growth of the internet and cloud and IT industry became a silver lining to the pandemic, the cyber attackers unleashed themselves on this opportunity, and the consequences were catastrophic.

According to US-based cyber security firm Norton, India witnessed over 18 million cyber attacks and threats, with an average of nearly 200,000 threats every day, in the first three months of 2022. It's no rocket science that, regardless of the size of your business, there is always the sword of Damocles hanging over you. It is imperative that you build a safer atmosphere around your business by securing the services of cybersecurity specialists.