PwC survey: Most Indian firms to increase cybersecurity budget in 2022

A majority of Indian organisations (80 per cent) are likely to increase their cybersecurity budget in 2022, according to a survey by global consultancy firm PwC.

As per the PwC’s 2022 Digital Trust Insights Survey, the risk landscape is continuously evolving and organisations are investing more than ever in cybersecurity to manage their risks.

As the business environment turns more complex due to the interconnectedness of systems and information, the impact of a risk event is not limited but rather has a domino effect with high consequences, it said.

Organisations are therefore gearing up to implement robust cybersecurity practices and controls to manage these risks.