Cyber risks are considered the most significant threat faced by Indian organisations, and around 38 per cent of the respondents felt highly or extremely exposed to it, suggests PwC’s 2023 Global Risk Survey- India edition. Compared to the 2022 Global Risk Survey, cybersecurity has jumped two spots from number three to number one on the risk radar.
According to PwC, the survey’s final results are based on 3,910 responses from Business and Risk Management leaders (including CEOs, board members, risk management experts, operations managers, technology professionals, finance managers, and auditors) across 67 territories.
The survey aimed to gather the opinions of these leaders on the status and direction of risk within their organisation. Out 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 per cent 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 per cent) as well as AI, machine learning, and…
