60% Indian corporations worried about Internet protection: Report

New Delhi, Nearly 60 percent of 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 percent) trust that the advancement of the digital economy will still be significantly hindered unless there is a dramatic development in Internet safety, according to 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 report said.

“Internet security is lagging behind 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 more than 1,seven-hundred CEOs and other C-suite executives around the globe, including a hundred respondents from big enterprises in India.

Over 60 percent of Indian respondents trust that addressing cybersecurity challenges will require an organized group effort, as no single organization can address issues on its own. With heightened worries about Internet protection, seven out of 10 (sixty-nine percent) of executives would also welcome stricter business regulations imposed by a critical agency or governing body, the results showed.