Cybersecurity is among the top challenges being faced by many organisations in the country; coupled with the digital transformation journey, which several companies are either undergoing or plan to undergo. As businesses expose themselves to evolving technology and digital ecosystems, they need to ensure that the risk exposure due to cyber is managed.

Cyberattacks in the current era have become more specialised and concentrated in nature, targeting specific organisations and individuals. With the attack pattern becoming more directed, the impact due to incidents have made alarming damages spanning financial losses, disruption of operational services, erosion of shareholder value and trust. There is a need to understand this threat comprehensively, given the threat is constantly evolving, and create an effective cyber resilient environment to withstand these testing times.

The report reveals several concerns pertaining to the changing regulatory landscape as almost two-third of the law agencies feel that there are not adequate laws, to address matters related to cybercrime prevention, detection, and investigation. Based on a survey, where more than 300 respondents participated, it is seen that with an increased trend of attacks, top management of organisations are now beginning to understand the need for cyber intelligence, cyber resilience, and measures to decrease the impact from cyberattacks.