We hope that this story-driven philosophy will resonate with managers, C-suite executives, boards, and other employees in India and around the world, encouraging them to adhere to cyber-security best practices in a world that is becoming increasingly digital
In a decade, there has been a huge ascent in devastating cyber assaults, including the AIIMS and SBI cyber assaults, NotPetya, and the Colonial Pipeline assault, which has hit establishments responsible for basic non-military personnel frameworks around the world. The age of work-from-home after Covid-19 has seen a rise in this trend. These establishments work in different areas, like money, energy, well-being, retail, and transportation. The majority of businesses worldwide still do not implement technology-controlled employee behaviour that reflects a strong cyber-security posture within the organisation, despite an increase in cyber-security awareness. This is primarily since a majority of C-suite executives do not view cyber-security as a requirement for business success and instead place more importance on shareholder interests and business productivity.
Ironically, in the computerised world, digital protection is essential for upgrading business coherence and efficiency. The majority of C-suite executives in small and medium businesses (SMBs), which account for approximately 90 percent of global industries, appear to be unaware of this fact. Worldwide IT/IoT-driven businesses face an annual cyber-loss market valuation of more than a trillion US dollars, and this valuation is constantly rising. To effectively combat the risks of a security breach in an organisation that could directly affect its market advantage over competitors, the C-suite must create, implement, and promote intra-organisation policies that penetrate deeply into the consciousness of all stakeholders.
We use a Vedic and Puranic approach to motivate stakeholders to improve organisational cyber-security posture, drawing inspiration from ancient Indian philosophy. The "pearls of wisdom," or philosophical tales, are used in our approach. We hope that this story-driven philosophy will resonate with managers, C-suite executives, boards, and other employees in India and around the world, encouraging them to adhere to cyber-security best practices in a world that is becoming increasingly digital.
Our whole article rotates around the reasoning that cyber security adoption is the result of the establishment’s cyber security culture, similar to carrying out a yagna. We outline four actionable items through a Vedic and Puranic lens that can ensure a robust cyber-security culture and significantly improve organisational cyber posture as part of the recommended managerial action items later in the article.
According to the Rig Veda, the most established Hindu sacred writing, any establishment's essential undertaking can be compared to a yagna. In this custom, started by the yajaman (like a CXO), contributions like ventures, products, administrations, business thoughts, and various sorts of capital are made into agni—the sacrificial fire blazing in the altar. The yajaman chants "svaha" which means "this of me I offer," in the hope of pleasing the chosen deity or devata. The devata will then grant the yajaman's desires, which include a return on investment, profit, or a competitive advantage, all of which are manifestations of the goddess Lakshmi, also known as "wealth." The comprehensiveness of yagna lies in the way that each business cooperation, be it among financial backer and businessperson, boss and worker, supervisor and chief, expert and merchant, businessperson and accomplice, vendor and purchaser, is a yagna, whether upstream, side-stream, or downstream.
[This article has been published with permission from IIM Calcutta. www.iimcal.ac.in Views expressed are personal.]