One-in-four Indian firm surveyed report cyber losses: PwC report

Nearly a quarter of Indian enterprises surveyed reported losses exceeding USD 1 million (about `8.8 crore) from cyber breaches over the past three years, with the risk particularly high among companies earning USD 5 billion or more in annual revenue. Cyber budgets are rising, albeit at a cautious pace, with 87 per cent of organisations in India planning to increase their cybersecurity spending over the next 12 months, according to a PwC report.The PwC 2026 Global Digital Trust Insights survey, based on responses from 138 Indian business and technology executives, found that investment in AI tops budget priorities at 46 per cent, followed by cloud security at 33 per cent.