Of the respondents, 53 per cent were willing to invest in a special software, it said.
The survey found out that one third -- 33 per cent -- of businesses which lost data in cyber-attacks admitted that payment data had been stolen, while 32 per cent felt this was the worst-possible kind of data to lose.
Safety of payment data and financial transactions is a high priority for businesses; 34 per cent of the respondents placed the protection of this information as among the top three IT management priorities for the coming year, and nearly half the respondents believed their company needed greater security for financial transactions.
It said it is also important for businesses to think about multi-platform protection since 43 per cent of businesses claimed they conduct sensitive transactions on mobile devices.
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors


Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share


Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor


Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements


Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
