Source: BS
Context:
A joint report by FICCI and EY finds that cybersecurity has emerged as the single biggest risk shaping organisational performance in India’s corporate sector. The findings are based on a survey of senior executives across sectors and reflect how risk perception in enterprises is rapidly evolving.
Key risks identified:
- Cybersecurity breaches – 61%
- Ranked as the top organisational risk
- Includes:
- Data breaches
- Ransomware
- Insider fraud
- No longer an IT issue alone — now a boardroom priority
- Limited adoption of emerging technologies – 59%
- Slow or inadequate adoption of AI and advanced digital tools
- Directly impacts:
- Productivity
- Operational efficiency
- Competitive advantage
- AI governance and ethical risks – 54%
- Executives feel AI-related risks are not effectively managed
- Concerns include:
- Bias
- Lack of transparency
- Weak governance frameworks
- Potential data theft and insider fraud – 57%
- Highlights human vulnerability alongside technical threats
- Insider risk now seen as nearly as serious as external attacks
- Changing customer demands – 49%
- Rapidly evolving expectations around:
- Digital experience
- Personalisation
- Speed and reliability
- Rapidly evolving expectations around:
- Geopolitical events – 48%
- Global conflicts, trade disruptions, sanctions
- Affect:
- Supply chains
- Data localisation
- Cyber threat intensity
- Difficulty tackling sophisticated cyber threats – 47%
- Organisations struggling to keep pace with:
- AI-driven cyberattacks
- Advanced persistent threats (APTs)
- Organisations struggling to keep pace with:
