Indian Business Leaders Anticipate Surge in Cybersecurity Budgets as 93% Prepare for Increased Threats

New Delhi: Indian business leaders are gearing up to increase their cybersecurity budgets by an average of 15% or more, with a whopping 93% of companies expecting a boost in the next year. This alarming trend is attributed to rising concerns about cyber threats and breaches, according to a recent report released by PwC India's 'Digital Trust Insights 2025'.

The survey revealed that 42% of Indian business leaders will focus on data protection and remediation as part of their cybersecurity investments, indicating the gravity with which they view the importance of safeguarding sensitive information. Furthermore, executives cited cloud-related threats as their top risk concern, with an astonishing 55% identifying it as a pressing cyber threat that requires immediate attention.

What's more worrying is that only 50% of security leaders and CFOs feel adequately prepared to tackle these emerging risks. "Cloud-related threats are becoming increasingly sophisticated and difficult to mitigate," said Manu Dwivedi, Partner and Leader – Cybersecurity and Risk Consulting GCC, PwC India. "It's imperative that organizations strengthen their defenses and adopt a proactive approach to security."

Interestingly, generative AI has emerged as a key driver of cybersecurity investment priorities, with 87% of organizations reporting an increase in tech spending over the past year. Moreover, 86% of these companies have ramped up their investments in AI governance as part of their broader risk management strategies.

The report also highlights that despite growing concerns, Indian companies exude confidence about their ability to comply with emerging AI regulations. However, this may be a cause for concern for regulatory bodies and industry experts.

Sivarama Krishnan, Partner and Leader, Risk Consulting, PwC India, offered words of caution: "Organizations must stay committed to fortifying their defenses and adopting advanced technologies to safeguard against cyber threats."

With the stakes higher than ever, it is imperative that Indian businesses prioritize cybersecurity and take proactive steps to protect themselves from emerging risks.

Related Stories

• Adani Group Shares Crash 20 Per Cent Amid US SEC Bribery And Fraud Allegations
• Cybersecurity Threats on the Rise: Is Your Business Prepared?
• PwC India's 'Digital Trust Insights 2025' Report Offers Glimpse into Emerging Security Risks