60% Indian corporations worried about Internet protection: Report

New Delhi, Nearly 60 in keeping with cent organizations in India are worried that the Internet is becoming more unstable from a cybersecurity standpoint. They may be unsure how to react, in step with a brand new file from Accenture. Most of the respondents from India (seventy-seven in keeping with cent) trust that the advancement of the digital economic system will be significantly hindered unless there is a dramatic development in Internet safety said the file titled “Securing the Digital Economy: Reinventing the Internet for Trust”. Companies globally may want to incur $5.2 trillion in additional fees and lost sales over the following five years because of cyberattacks, as dependency on complex Internet-enabled enterprise fashions outpaces the potential to introduce good enough safeguards that guard crucial belongings, the file said.

“Internet security is lagging in the back of the sophistication of cybercriminals, leading to an erosion of trust in the digital economy,” Anindya Basu, Geographic Unit and Country Senior Managing Director, Accenture in India, said in a declaration. The consequences are based totally on a survey of greater than 1,seven-hundred CEOs and different C-suite executives around the globe such as a hundred respondents from big enterprises in India.

Over 60 in line with cent of Indian respondents trust that addressing cybersecurity demanding situations will require an organised group attempt, as no single organization can clear up the undertaking on its own. With heightened worries approximately Internet protection, seven out of 10 (sixty nine in step with cent) of executives would also welcome stricter commercial enterprise regulations imposed through a critical agency or governing body, the results showed.