With the steady increase in cyber threats detected in India and rising targeted attacks, cybersecurity has become a boardroom concern for organisations across verticals, revenue bands and geographies.
As per the findings of EY’s ‘Global Information Security Survey (EY GISS) 2018-19’, 70 per cent of Indian organisations plan to increase their cybersecurity budgets. EY surveyed responses of 230 C-suite leaders representing India’s most recognised organisations with revenues ranging from less than $10 million to over USD 10 billion. In India, while 62 per cent of the boards are taking active steps to strengthen their cybersecurity understanding, only 46 per cent of boards or executive management teams have a comprehensive understanding of information security to fully evaluate cyber risks and related preventive measures.
According to the report, the interest in cybersecurity reporting at the board level has grown from attempts to understand technology to the point where boards now have a fiduciary responsibility to manage cybersecurity risk. However, only in 30 per cent of organisations surveyed are board members are taking…
