With the increasing use of social media and personal devices in the workplace, cyber crime is now the third most prevalent economic crime in India. This rise, attributed largely to insiders, may have a correlation to the tendency of professionals here to flout a company’s IT policies more often compared to those in other countries.
According to the Global Economic Crime Survey, 2011, conducted by accounting firm PricewaterhouseCoopers earlier this month, cyber crime came third in the list of common economic crimes in the country, following asset misappropriation and corruption. About a quarter of the respondents stated that they had been victims of such crimes in the past 12 months and half opined that such threats were on the rise.
Statistics indicate that senior managements in Indian companies do not place enough emphasis on managing cyber threats and frauds. Although the CIO is usually responsible for IT security risks, the CEO and the board should understand and probe into the risk of cyber crime.
Employees, on the other hand, believe companies need to be more flexible in IT policies and give them more space in terms of usage of social media and devices. Cisco found that while not many employees find policies to be unfair, a large majority across countries feel their IT policies needs some improvement and updating.
Besides working professionals, college students awaiting to to start their careers also hoped for liberal IT policies from prospective employers. Cisco, which surveyed 1,400 college students, found 60% of them in India expected flexible and open-minded IT regulations that allowed them to stay connected to their work and and personal lives at the same time. A mere 17% said that they would abide by the policies issued by employers.
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