Strengthening cybersecurity is critical to India’s digital backbone: PwC

Indian companies are grappling with the same cybersecurity challenges as their global peers, as the country emerges as a leader in digital innovation, according to top PWC executives.

There has been a 46 per cent rise in ransomware attacks globally last year, with 67 per cent of affected companies paying ransoms averaging $4.8 million, said Sean M Joyce, Partner, Global Cybersecurity and Privacy Leader, PWC, emphasising that this is a global phenomenon.