Cybersecurity Budget to Increase by 93% in India, Says PwC Report
Indian Executives Prioritize Data Protection and Remediation
NEW DELHI: A recent report by PwC India Digital Trust Insights 2025 reveals that 93% of Indian executives surveyed anticipate a rise in their cybersecurity budget next year, with 17% planning to increase their budgets by 15% or more. Furthermore, 42% of Indian business leaders are prioritizing data protection and remediation in the aftermath of recent cyber breaches as their main cyber investment for the coming year.
Top Risks for Indian Executives
Indian executives rank cybersecurity as their top risk mitigation priority (61%), followed by digital and technology risks (60%), inflation (48%), and environmental risks (30%) for the next 12 months, as per findings from PwC’s 2025 Digital Trust Insights – India Highlights.
Cybersecurity Budget Increase
The report featured insights from 4,042 business, technology, and security executives across various regions, including 155 executives representing Indian businesses. Cloud-related threats remain a prime worry, cited by 55% of Indian executives as their most concerning cyber risk. However, 50% of security leaders and chief financial officers (CFOs) feel least prepared to address these threats in the coming year.
Regulatory Compliance and Cybersecurity Investments
All security leaders and CFOs said regulations have prompted them to boost their cyber investments with 74% enhancing or strengthening their cybersecurity stance. This underscores the critical role of strategic investments and regulatory compliance in shaping a resilient cyber future for Indian businesses.
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Published On Nov 21, 2024 at 07:01 PM IST
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