How vulnerable are Indian companies to cyber threats?

January 22, 2017

Indian enterprises are not confident about their ability to sense, resist and respond to cyber security threats, says a recent survey report by the global professional services firm EY.
According to the report, 75 per cent of Indian respondents felt that their cyber security functions do not fully meet the organizations’ needs. EY surveyed 1,735 global C-suite executives, including 124 CXOs from India. However, the report says 69 per cent of Indian respondents also reported an increase in their cyber security budgets in the past 12 months, while almost 75 per cent expected the budgets to go up further in 2017.

The survey also revealed that outdated information, security architecture and controls have increased the risk exposure for India Inc., with as many as 61 per cent of respondents citing it as their topmost vulnerability. (Business Today)

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