65% of corporates will increase their cybersecurity budget in the coming years

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65% of corporates will increase their cybersecurity budget in the coming years.

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    A majority of Indian organisations (80 per cent) are likely to increase their cybersecurity budget in 2022. 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 becomes more complex due to the interconnectedness of systems and information, the impact of a risk event is not limited, rather it has a domino effect with high consequences. Organisations are therefore gearing up to implement robust cybersecurity practices and controls to manage these risks. Moreover, 41 per cent of organisations in India predict double-digit growth in their cyber budgets in 2022, as against 26 per cent organisations globally,' the survey said. The 2022 Global Digital Trust Insights is a survey of 3,602 business, technology, and security executives (CEOs, corporate directors, CFOs, CISOs, CIOs, and C-Suite officers) based in various regions. The India edition of the global survey report focuses on the responses of the executives of 109 Indian businesses.



    The survey further said organisations have invested in a multitude of cybersecurity tools and technologies to manage their cyber risks. However, these technologies are not utilised to their maximum potential for making intelligent and informed cyber risk management decisions, it added. It also showed that four out of 10 organisations have either initiated the implementation or are planning to invest in cybersecurity by focusing on areas such as customer identity and access management, zero trust architecture, managed security services, cloud security and endpoint security. As per the survey, to date, only 25% of respondents in India have realised the benefits of their cyber investments. Experts revels that, with rising digitisation, businesses have been compelled to rethink and reconfigure their cybersecurity objectives, which have become more complex.

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    The pandemic continues to affect the way we work, socialise, shop and conduct business but there will be massive focus on cybersecurity. The growing challenges into cyber terrorism across the globe are likely to start coming up with their own distinctive national laws on cybersecurity. Some of the early movers who have worked up and come up with dedicated laws on national cyber security include China, Vietnam, Singapore and Australia. The year 2022 is likely to see more nations coming up with their own distinctive national laws on cybersecurity. This assumes more significance because of the tremendous number of cyber-attacks that are taking place. In fact, the year 2022 will see the multiplying of the cyberattacks. Today, cyber-attacks are being engaged in by both state and non-state actors and there are an immense number of legal policy and regulatory issues pertaining to cyber-attacks. Tackling a cyber-attack becomes a distinctive problem. A cyberattack can be originated from one part of the world and targeted at computer systems and communication devices in another country in another part of the world. With the ever-increasing use of social media and mobile apps worldwide, come great opportunities for hackers to steal others’ identities and information.

    Ransomware attacks will continue to keep on increasing. Every 11 seconds, one company, anywhere in the world becomes a victim of a Ransomware Attack and as time passes-by in the year 2022 this position is likely to get worse. Currently, the economic loss that the world is facing as a result of cybercrime and cybersecurity breaches is phenomenal and these particular loss figures will continue to keep on increasing. Hence, more nation-states in the year 2022 are likely to come up with new mechanisms so as to minimise the potential losses c

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    There is an increasingly large number of businesses, governments, and individuals faced huge losses due to these types of virus attacks. Cybercrime is estimated to have increased by around 600% in the past year, with ransomware alone costing companies around $75 billion a year. A report says, the right cyber protection capabilities and management tools can capitalize on ransomware’s growth and add significant value to your service, allowing you to grow your client base, customer satisfaction, and revenue streams. 71% of ransomware targets SMBs, and 3 out of 5 MSPs had to deal with a ransomware attack on SMB

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    All Rights Reserved - Pinaka Mediaworks LLP - 2019
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    Watch the full film 'SAMARPAN' online on
    - Rolling Frames Entertainment - (https://rfetv.in)
    - VEBLR - (https://veblr.com/)
    - ASHI, Haryana's website - https://ashi-haryana.org/

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    All Rights Reserved - Pinaka Mediaworks LLP - 2019
    Produced by: Association of Social Health in India (Haryana State Branch), Pinaka Mediaworks & Rolling Frames Entertainment.
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    - Associate Director: Rohit Kumar
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    - Subtitles: Diveeja Sharma

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    SAMARPAN is an ode to the dedicated team of ASHI, Haryana and Ashiana Children's Home, as they mark their Golden Jubilee this year in 2019. Available in Hindi and English Subtitles.
    Watch the full film 'SAMARPAN' online on
    - Rolling Frames Entertainment - (https://rfetv.in)
    - VEBLR - (https://veblr.com/)
    - ASHI, Haryana's website - https://ashi-haryana.org/

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    Produced by: Association of Social Health in India (Haryana State Branch), Pinaka Mediaworks & Rolling Frames Entertainment.
    Director: Ojaswwee Sharma

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    Harjas Singh Marwah
    Surinder Singh
    - Subtitles: Diveeja Sharma

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    - Co-founder & CFO: Sunil Sharma
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    - Head of Post Production: Bhasker Pandey
    - Legal Advisor: Vishal Taneja

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