Cybersecurity threats are considered the most significant threat faced by Indian companies of all sizes and industries, with over 38% of respondents feeling highly or extremely exposed to it, according to global consulting firm PwC’s 2023 Global Risk Survey — India edition. Compared to the 2022 Global Risk Survey, cybersecurity has moved up two spots from number three to number one on the risk radar.
The survey, conducted by PwC, gathered responses from 3,910 Business and Risk Management leaders, including CEOs, board members, risk management experts, operations managers, technology professionals, finance managers, and auditors, across 67 territories. The final results are based on these responses. Of the total participants, 163 Indian organisations took part in the survey. The survey also revealed that digital and technology risks are the top concerns for business leaders in India, accounting for 35% of the total responses.
Indian organisations are facing various challenges in terms of cybersecurity, and to counter these challenges, they are actively investing in cybersecurity tools (55%) as well as artificial intelligence (AI), machine learning, and…
