Tuesday, May 21, 2019
News

60% Indian firms worried about Internet security

   SocialTwist Tell-a-Friend    Print this Page   COMMENT

New Delhi | Wednesday, 2019 10:45:05 PM IST
Nearly 60 per cent organisations in India are concerned that the Internet is getting increasingly unstable from a cybersecurity standpoint and they are unsure how to react, according to a new report from Accenture.

Most of the respondents from India (77 per cent) believe that the advancement of the digital economy will be severely hindered unless there is dramatic improvement in Internet security, said the report titled "Securing the Digital Economy: Reinventing the Internet for Trust".

Companies globally could incur $5.2 trillion in additional costs and lost revenue over the next five years due to cyberattacks, as dependency on complex Internet-enabled business models outpaces the ability to introduce adequate safeguards that protect critical assets, 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 statement.

The results are based on a survey of more than 1,700 CEOs and other C-suite executives around the globe including 100 respondents from large enterprises in India.

Over 60 per cent of Indian respondents believe that addressing cybersecurity challenges will require an organised group effort, as no single organisation can solve the challenge on its own.

With heightened concerns about Internet security, seven out of 10 (69 per cent) of executives would also welcome stricter business regulations imposed by a central organisation or governing body, the results showed.

--IANS gb/bg

( 253 Words)

2019-04-17-16:38:06 (IANS)

 
  LATEST COMMENTS ()
POST YOUR COMMENT
Comments Not Available
 
POST YOUR COMMENT
 
 
TRENDING TOPICS
 
 
CITY NEWS
MORE CITIES
 
 
 
MORE SCIENCE NEWS
Honor 20 series to be available only on ...
Will Microsoft block Windows updates to ...
Data of Instagram influencers leaked, tr...
New system of measurement units now oper...
Political hacktivism declined 95% since ...
Facebook releases maps to help fight dis...
More...
 
INDIA WORLD ASIA
Rahul, Priyanka worked hard, Congress wi...
Will always be my hero says Priyanka on ...
This Chennai polyglot reads, writes over...
BJP demands probe into Delhi police offi...
Man wanted in robbery, murder case, held...
Ayodhya's Shri Sita Ram temple hosts Ift...
More...    
 
 Top Stories
Modi congratulates Joko Widodo on r... 
Ahead of opposition meet, Kumaraswa... 
Italy's head coach Roberto Mancini ... 
Women with sleep apnoea more likely... 
All ministers of Austria's Freedom ... 
EVMs safe, keep faith: CEO Uttar Pr... 
Disproportionate assets case: CBI g... 
Dakota Johnson, Tracee Ellis Ross t...