60% Indian firms worried about Internet security: Report

New Delhi, 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.