Indian Firms Set To Increase Cybersecurity Budget: PwC SurveyThe survey reported that 65 per cent of the business executives feel cyber criminals will significantly affect their organization in 2023 compared with 2022

ByTeena Jose

Opinions expressed by Entrepreneur contributors are their own.

You're reading Entrepreneur India, an international franchise of Entrepreneur Media.

Pexels

印度公司正在寻求增加他们cybersecurity spending on measures to tackle cyber attacks, which are expected to become more complex with a thrust on rapid digitization. According to the PwC's annual Global Digital Trust Insights, over 82 per cent of business executives in India foresee an increase in the cybersecurity budget in 2023. The survey also reported that 65 per cent of the business executives feel cyber criminals will significantly affect their organization in 2023 compared with 2022.

"The digitalisation of business demands that corporates and boards invest in becoming more cyber resilient. This needs to be across the spectrum, in technology, people, processes and engineering capabilities," said Sivarama Krishnan, partner and APAC cybersecurity leader, PwC, in a statement.

The survey report stated that about 50 per cent of Indian enterprises believe that they have fully mitigated their cybersecurity risk exposure in a number of critical areas. The survey found that 89 per cent of Indian business executives say their organisation's cybersecurity team detected a significant cyberthreat to business and prevented it from affecting their operations, as against 70 per cent globally.

"Our survey clearly reveals that organisations that have made cyber security a strategic priority have witnessed less disruption to business. Cyber resilience is not only key to survival of businesses but also a key driver of public trust," Krishnan added.

According to the key findings of the survey, organizations across the globe worry about more threats and cyber events in 2023. In India, stating the rate of risks, cloud-based pathways (59 per cent) and the internet of things (58 per cent) are top areas of concern, followed by mobile devices and software supply chains (54 per cent). Globally, mobile devices are considered the most unsecure (41 per cent).

According to the Indian computer emergency response team (CERT-In), over 6.74 lakh cyber security incidents were reported in the country in the first six months of this year.

Wavy Line
Teena Jose

News Desk Reporter with Entrepreneur India

Teena is a post graduate in financial journalism. She has an avid interest in content creation, digital media and fashion.

Related Topics

领导

From Indore to BSE

EKI's journey began in 2008 as a start-up initiative in Indore and it is now present in 17 countries around the world.

Resumes & Interviewing

This AI Resume Tool is Only $29.97 So You Can Make Job-Hunting Easier

Expand your growth potential with this back-to-school sale.

Money & Finance

How to Make Money Online: 10 Proven Ways to Make Money Online

Need to know how to make money online as a side gig or new career? Check out this breakdown of the 10 top online money-making methods.

Business News

An 81-Year-Old Florida CEO Just Indicted for a $250 Million Ponzi Scheme Ran a Sprawling Senior Citizen Crime Ring

Carl Ruderman is the fifth senior citizen in the Miami-Fort-Lauderdale-Palm Beach metropolitan area to face charges in connection with the scam.

Thought Leaders

I Pitched 300 People a Day For 1 Year — and Learned This Impactful Entrepreneurial Lesson

After working myself to the bone pitching 300 people each day for one year, I came out of that experience as a new man — but surprisingly, an unhappier one. Here's what I learned.