Cyber breach: PwC flags $1mn hit for Indian firms; AI, cloud security budgets set to rise

Indian enterprises are facing significant financial losses from cyber breaches, with nearly a quarter experiencing over $1 million in damages in the last three years. Despite this, cybersecurity spending is set to increase, driven by a focus on AI and cloud security, though talent shortages remain a key challenge.

Cyber breach: PwC flags $1mn hit for Indian firms; AI, cloud security budgets set to rise
Indian enterprises are facing significant financial losses from cyber breaches, with nearly a quarter experiencing over $1 million in damages in the last three years. Despite this, cybersecurity spending is set to increase, driven by a focus on AI and cloud security, though talent shortages remain a key challenge.