SmartStateIndia
Interview

India is becoming a mature market for DLP, and the awareness for Data Loss Prevention and data security has increased a lot in the past year.

CoSoSys-Filip-Cotfas

CoSoSys is a leading developer of endpoint centric Data Loss Prevention (DLP) solutions and security software. Their mission is to enable small and medium sized businesses and end users around the world to take full advantage of the performance benefits of mobility, portability, and communications solutions, without compromising security.

In an interaction with SSI, Mr. Filip Cotfas, Channel Manager, CoSoSys share his thoughts on Plans for India .

How serious is the risk of data loss in terms of monetary implications and lost business in India

The increasing number and frequency of recent data breaches in India have proven that organizations across all sectors are vulnerable to cyberattacks. In 2019, India had the largest average number of breached records.

Companies failing to notify data breaches or to meet their obligations as a significant data controller would be fined up to approximately USD 730,000 or 2% of a company’s global turnover. Lost business continues to be the biggest contributing cost factor.

Unlawful cross-border data transfers, failure to provide notices to data principals along with a legitimate basis for the processing or processing the data of children in contravention of the bill would lead to even more serious fines: up to approximately USD 2.7 million or 4% of a company’s global turnover.

How does Endpoint Protector by CoSoSys help Indian customers to reduce the risk of data loss?

Endpoint Protector by CoSoSys is a cross-platform Data Loss Prevention (DLP) solution that helps companies prevent data loss and data leakage. It allows them to monitor and control multiple data flows, including file transfers via the Internet (such as e-mail clients, web browsers, or instant messaging applications) and transfers to the cloud (such as iCloud, Google Drive, Dropbox). The solution also provides data visibility on the endpoints, which is essential for compliance.

What are the highlights of this recent update, and how does it offer a seamless user experience

The latest version of Endpoint Protector has been designed to meet large enterprises’ growing demands, making it even easier to manage users and your DLP policies.

User Remediation is an important new feature that can be applied to DLP policies in Endpoint Protector 5.4.0.0. It significantly improves the experience for end-users and reduces the time the admin teams spend responding to tickets and requests to bypass a policy restriction.

Tell us a bit of CoSoSys, its legacy in DLP, and its presence in India – across industries, sectors and scenarios?

CoSoSys is a leading provider of data security solutions in India, and its market plays a vital role. Our company strengthened its Channel Partner Program, educating all partners with the proper guidance to accelerate adopting a data protection strategy that works for businesses from the BFSI, healthcare, insurance, and other sectors. It included training sessions and webinars with the channel partners daily.

What is the company’s future roadmap in terms of technology research and development, and how do you see that panning out in India?

India is becoming a mature market for DLP, and the awareness for Data Loss Prevention and data security has increased a lot in the past year. We are looking to provide our DLP solution with advanced features and functionalities that ensure larger companies’ security, flexibility, and compliance.

Through the help of our Channel Partners, we are covering Tier II and Tier III as well. We are also focusing on Awareness, and Educational content focused on the Tier II and III cities, with the help of local media.

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