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Most CEOs in India seek cyber-risk management plan next year: PwC study

One in four companies worldwide has suffered data breach that cost millions of dollars

Cyber attack
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The report contains the views of senior executives on the challenges and opportunities to improve and transform cybersecurity within their organization in the next 12-18 months

Sourabh Lele New Delhi
Most chief executive officers (CEOs) in India would demand a cyber-risk management plan for major business or operational changes in the next 12-18 months, said a PwC report on Wednesday.

One in four companies across the world has suffered a data breach that cost between $1 million to $20 million or more in the past three years. Despite cyberattacks costing businesses millions of dollars, less than 40 per cent of executives surveyed worldwide said they have fully mitigated cybersecurity risk exposure in several critical areas.

More than 82 per cent of business executives in India foresee an increase in cybersecurity