Filip Cotfas, Channel Manager, CoSoSys

Filip Cotfas has an impressive background in sales and project management. As a Channel Manager at CoSoSys, he is utilizing his extensive skills for the daily operating efficiency with a focus on the South Asia, Middle East and Northern Europe markets.  Filip`s main responsibility is handling the existing Customer portfolio, as well as acquiring additional revenue streams, mainly by coordinating with the existing partners or enabling new partnerships, in order to help more customers benefit from our award-winning Data Loss Prevention solution. In the past years, he has been developing the sales strategies for his markets and built a successful relationship with channel partners. 


Organizations cannot afford to take chances when it comes to data loss. Following the pandemic, the technology industry experienced the biggest number of cyber-attacks, and data breaches, prompting enterprises to consider how critical it is to deploy Data Loss Prevention (DLP) solutions. Data being accessed from anywhere and on any device is an issue because employees may unwittingly reveal sensitive information to hackers or leak confidential data. In this instance, a successful DLP architecture is critical for enterprises to protect their data from loss or theft.

Data is the backbone of an enterprise. They help make day-to-day operations continuous and unified. Data loss can affect the functionality of an organization or specific departments due to bottlenecks and downtime. Time, money and other resources will have to be diverted to address data loss incidents in terms of revival leading to serious operational challenges.

All these reasons have made organizations think about how vital it is to implement DLP solutions. Data loss prevention is something that organizations cannot take a chance on anymore. An effective DLP model is being recognized as the need of the hour to secure data against intruders. As per reports, a Compound Annual Growth Rate (CAGR) of 22.3 per cent between 2019 and 2027 is predicted for the data loss prevention business. Boosted focus of enterprises on meeting legal and compliance standards and data stored in public and private clouds has helped the DLP industry grow. Data breaches and cyber-attacks are also reinforcing the mandate for DLP solutions. Any business that suffers a data loss can be severely harmed. As a matter of fact, no company is exempt from data loss.

The costs of data breaches are increasing globally, and although malicious attacks are the most common and most expensive root cause, organizations should emphasise preventing insider attacks.

India has the second-largest internet user base. Due to the constant digital and data growth, it is essential for enterprises and government authorities to be equipped with the necessary resources and to provide efficient cybersecurity and data privacy. Adopting new technologies and pursuing digitization also means cultivating a cybersecurity workforce. Besides the risk of a data breach that causes both financial and reputational loss, growing compliance requirements and the loss of competitive advantage are essential factors to consider.

In India, the BFSI and the government sector are among the most vulnerable ones, followed by healthcare, manufacturing, and energy –  and each has its own unique cybersecurity challenges. Furthermore, the emergence of technologies like the Internet of Things (IoT) in organizations and a growing trend for convergence and multi-system interconnectedness introduce several threats and require active security and monitoring.

The first step is that organizations must address basic cybersecurity risks like weak credentials, as these still are captains of the industry. Depending on the size of the organization and the industry, this strategy should cover data security, endpoint security, network security, identity, and access management, as well as security intelligence detection and response (IDR). Larger and more mature organizations have already undergone the initial grind. They have incorporated cybersecurity as part of their strategy, but with threats constantly evolving, it needs to be improved.

On 2 June 2016, the Reserve Bank of India (RBI) published the Cyber Security Framework in Banks. Addressing an increasingly complex threat landscape, the framework aimed to bring banks’ cybersecurity strategies up to international standards. Through it, the RBI acknowledged the rapid growth of digitalization across the Indian banking sector and sought to guarantee that such efforts do not take any shortcuts when it comes to security and data protection.

Global compliance and regulatory needs are major elements driving the DLP market’s expansion.

Businesses must have a Data Loss Prevention (DLP) plan. There are several data loss prevention methods and recommended practices. As a result, additional DLP solutions are likely in the near future.

The reported breaches in the recent past are causing concern to both governments and businesses.

India needs to strengthen its legal framework to handle cybersecurity cases. Still, it has to improve the protection of critical infrastructure, build offensive capabilities, and educate citizens about the safe use of digital assets. Prioritizing cybersecurity and the security of its major sectors is crucial for ensuring India’s stature as one of the world’s leading investment hubs; thus, cybersecurity measures both from the government and organizations are expected to evolve and to become more pronounced in the future.

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