India Inc lags in adequate cyber incident response strategies

Vantage point: Insights from cutting-edge research

Corporate India has encountered rising cases of cybercrime but incident response mechanisms to tackle these risks remain low, states EY’s Fraud Investigation & Dispute Services report, titled “Responding to cybercrime incidents in India”. The report highlights that a majority (about two-thirds) of businesses were unable to detect a cyber incident in real time due to insufficient understanding of the motive behind the attack. Almost 89 per cent stated a need to enhance cyber laws, while 55 per cent said laws need to be strengthened and 34 per cent said they need to be more clear.

Further, one-fifth of the respondents asserted