93% of Indian executives anticipate cyberbudget increase in 2025: report
cybersecurity investments amid rising digital threats, according to PwC report.
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93 % of Indian executives plan to increase their cybersecurity budgets in 2025, with 17% expecting increments of 15% or more, a 1% rise from last year.
This underscores the critical importance of cybersecurity, which 61 % of executives identified as their top risk mitigation priority, surpassing digital risks (60%), inflation (48%), and environmental risks (30%).
Data breaches remain a pressing concern, with one in three organisations reporting breaches costing over $1 million in the past three years. Additionally, 42% of Indian business leaders are prioritising data protection and remediation as key areas of focus in response to recent cyber incidents.
Cloud-related threats emerged as the top risk for 55% of executives, a 3% increase from the previous year. However, half of the security leaders and chief financial officers (CFOs) surveyed admitted they feel least prepared to tackle these risks.
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