New Delhi, November 21 (IANS). Nine out of every 10 (93 percent) Indian business leaders believe that their cybersecurity budget may increase in the next year. This information was given in a report on Thursday.
“17 percent of Indian business leaders believe they will have to increase their budgets by 15 percent or more. This is one percent more than last year,” the report said.
PwC India’s ‘Digital Trust Insights 2025’ report said that in view of cyber threats, 42 percent of Indian business leaders want to prioritize data protection to keep data safe.
Shivaram Krishnan, Partner and Leader, Risk Consulting, PwC India, said, “By adopting advanced technology, following fundamental cybersecurity principles and allocating resources effectively, organizations can strengthen their security and safeguard their future. There is a need to remain committed.”
Cloud-related threats remain the biggest concern, with 55 percent of Indian executives citing it as the most worrying cyber risk, an increase of 3 percent from last year.
However, 50 percent of security leaders and chief financial officers (CFOs) feel least prepared to address these threats in the coming year.
The report notes that General AI continues to top cyber investment priorities, with 87 percent of organizations increasing their investment in it in the last 12 months.
Additionally, 86 percent of organizations have increased their spending on AI governance as part of their risk management strategies. 80 percent of Indian companies are highly confident in their ability to comply with AI regulations.
–IANS
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