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According to a survey by PwC, Indian organizations are at a very high risk of cyber attacks, with 38% of respondents feeling highly exposed to cyber threats. The survey shows that cybersecurity has become the biggest risk faced by Indian organizations, surpassing other risks. This jump in cybersecurity risk is attributed to the increasing use of artificial intelligence (AI) and technological advancements. To mitigate these risks, many organizations in India are investing in cybersecurity tools, AI, machine learning, and automation technologies. The survey also reveals that 61% of global firms and 71% of Indian firms are actively gathering and analyzing cybersecurity and IT data for risk management and to identify opportunities to reduce the threat of cyber attacks.
The article highlights recent cyber attacks in India and around the world. It mentions an attack on the e-Nagarpalika portal of Madhya Pradesh, where the data of people living in 413 cities was compromised. The attack also emphasizes the vulnerability of smaller government portals that often have low security but hold highly sensitive data. The article also mentions a cyber attack on US real estate giant First American, which resulted in compromised data and forced the organization to take some operations offline. These examples underline the importance of cybersecurity in protecting sensitive information.
The article concludes by mentioning that Indian businesses view technology disruptors as opportunities. It states that 69% of Indian executives see Generative AI as an opportunity, higher than the global percentage. This indicates the willingness of Indian organizations to embrace technological advancements and integrate them into their operations.
