Risk Consulting

Let's change the way we see risk

Featured - 4 items

PwC’s Global Economic Crime Survey 2024

Addressing risks smartly to survive and thrive

Bridging the gaps to cyber resilience

Findings from the 2025 Global Digital Trust Insights

Conduct risk: Trends and outlook

Is the Indian financial services industry ready for change?

HITRUST services

Securing the future of digital world

How aware and prepared are Indian consumers and businesses to navigate the new era of digital privacy?

A recent survey conducted by PwC India, titled, “How aware and prepared are Indian consumers and businesses to navigate the new era of digital privacy? A survey of India’s data privacy landscape” , explores the prevailing perceptions about privacy, trust and concerns about free data sharing and its potential misuse by many organisations. The survey underlines the pressing need for building a privacy respecting and privacy aware culture in India and having a privacy first approach in organisations.

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56%

of consumers not aware of their rights related to personal data.

42%

consumers were not sure if they would continue using the services of a company post a data breach. This rate is higher in Tier 1 cities at 72%.

70 %

consumers said that they find privacy policies difficult to understand

Strong risk and resilience capabilities can be the difference between those that thrive and those that fight to survive.

The interconnectedness and velocity of risks has increased in recent years, and it now takes different approaches to see them, and the entire organisation to address them. In becoming more proactive in preparing and adapting to risks, you can become more resilient. With the right insight, you can mitigate and prepare for whatever change is ahead. Disruption will always exist. But through building resilience, you’ll have a strategic advantage and be better placed to respond to disruption in a seamless, coordinated and efficient manner.

PwC Insights: The Digital Personal Data Protection Act India 2023

In an attempt to decipher the key tenets of the DPDP Act, 2023, we at PwC India have curated a brief document. The document aims to help clients gauge what the legislation means for them and how they can proceed with the changes it may bring in the business environment.

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The Digital Personal Data Protection Bill places reasonable obligations on data fiduciaries to ensure responsible handling of digital personal data. Even as the finer details of the Bill will be clearer in days to come, enterprises should start their journey towards privacy maturity now.

Sivarama Krishnan

Partner and Leader – Risk Consulting, PwC India and Leader, APAC, Cybersecurity and Privacy, PwC

Organisations can leverage technology solutions to collect personal data for consent mechanisms. However, they need to have robust prevention and vigilance systems in place which extend beyond technology to people and processes for defending the data against threats.

Sundareshwar Krishnamurthy

Partner and Leader – Cybersecurity, PwC India

The Act will enhance the trust that individuals and businesses have in the security, privacy and reliability of digital interactions. Rather than waiting for the Act to become a law, organisations should start working towards compliance and establish a robust privacy baseline to improve their digital trust quotient.

Anirban Sengupta

Partner and Leader – Business Risk Consulting, PwC India

Organisations need to ensure that the process of withdrawing consent is as easy as obtaining one. Upon withdrawal of consent, organisations must ensure that appropriate actions are taken by processors who are processing data on their behalf.

Manu Dwivedi

Partner and Leader - Cybersecurity, PwC India

Data principals can have an active participation in shaping the privacy ecosystem where rights are balanced with responsibilities. Organisations can utilise this opportunity to demonstrate transparency and help data principals make an informed decision about their personal data.

Siddharth Vishwanath

Partner and Leader, Markets and Emerging Business - Risk Consulting, PwC India

Data fiduciaries must ensure that their data processors have adequate safeguards in place before onboarding a data processor. Organisations must identify privacy risks and resolve them through third-party audits and other monitoring measures. Consent managers should support consent review and refreshing of data wherever applicable.

Puneet Garkhel

Partner and Leader - Forensic Services, PwC India

The appointment of a data auditor is a significant step. Data fiduciary, during the engagement with a data processor, must implement appropriate monitoring mechanisms, e.g., third party audits. Consent managers should facilitate periodic reviews and refreshing of consent wherever applicable.

Sumit Makhija

Partner - Forensic Services, PwC India

Readiness of India Inc. for the Digital Personal Data Protection Act, 2023: A PwC analysis

PwC India analysed the websites of 100 Indian enterprises for compliance with the Digital Personal Data Protection (DPDP) Act, 2023 and found that 41% of websites of Indian enterprises analysed were found to specify data principal rights in their website privacy policies. However, only 9% of organisations sought consent that was free, specific and informed as per the PwC report.

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Financial Services Risk Symposium

Platforms: The new frontier of fraud in India

Third Party Risk Management

PwC’s integrated thirdparty risk management (TPRM) tool: Risk Protect

PwC’s Risk Protect is a third-party risk management tool which helps clients automate their third-party onboarding, integrated risk assessment, due diligence and termination along with value-added capabilities around continuous monitoring, adverse media, risk reporting and contract lifecycle management.

Rethinking risk: Trends in third-party risk management (TPRM)

Explore key risk trends to recognise and manage in order to excel in the challenging economic ecosystem.

Compliance with RBI circulars on Third Party Risk Management

An overview of regulatory requirements highlighted by Reserve Bank of India (RBI) for third-party risk management (TPRM) in the financial services industry.

Managing Third Party Risks in the Energy and Infrastructure sector

How can organisations in the energy and infrastructure sector strengthen their business against external threats and effectively manage and minimise risks?

Managing risks is no longer just about avoiding disruptions. It’s about shifting perspectives, building resilience and having a panoramic view of the risk landscape, so you can act boldly and purposefully.

PwC India, in collaboration with Business Today, presents De-risking the Future - a series of conversations between PwC experts and industry professionals where they discuss ways to come together in unexpected ways to solve the world's important problems.

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Episode 6: Governance, Risk and Compliance to anticipate, mitigate risk and deliver business excellence

Watch Harpreet Singh, Partner - Risk Consulting, PwC India, in conversation with Anil Riat, Group Head, Internal Audit at Bharti Enterprises and, along with Sourav Majumdar, Editor at Business Today, engage in a compelling discussion on the critical aspects of governance, risk, and compliance (GRC). The conversation highlights key points including elevating governance beyond regulatory compliance, concerns in governance, lessons from startups, governance challenges in regulated sector and much more.

Episode 5: Strategic risk management in lending and financing FinTechs

Watch Kuntal Sur, Partner Risk Consulting and Leader - Financial Services & Treasury Risk Management, PwC India, in conversation with Vivek Veda, Co-Founder & CFO at Kreditbee, along with Sourav Majumdar, Editor, Business Today, discuss innovations, cybersecurity risks and how an effective risk management strategy can provide strategic leverage to FinTech players.

Episode 4: The benefits of good governance, risk and controls to protect value

Episode 4 focusses on how rethinking risk is about being prepared for change in times of disruption and overcoming new-age challenges which start-ups face.

Watch Puneet Garkhel, Partner and Leader, Forensic Services, PwC India, in conversation with Kalpesh Jain, MD and CFO, Multiples Equity, along with Sourav Majumdar, Editor, Business Today, discuss the importance and benefits of good governance and controls in protecting value in the start-up sector.

Episode 3: Risk management beyond business processes

Sundareshwar Krishnamurthy, Partner and Leader, Cybersecurity, PwC India, and Sohrab Prakash, Head, Audit and Assurance, Hero MotoCorp, along with Business Today editor Sourav Majumdar discuss emerging technologies like generative AI, and the risks and opportunities in this evolving landscape.

Episode 2 - Digital transformation: How can we manage risk better?

Siddharth Vishwanath, Partner and Leader, Markets and Emerging Business - Risk Consulting, PwC India, in a conversation with Shankar Viswanathan, CIO, Sundaram Clayton Limited, and Kaivalya V, Co-founder and CTO, Zepto, discuss mitigation strategies and ways to rethink risk.

Episode 1: Risk if managed well can become an opportunity

Business Today editor Sourav Majumdar explores the evolving risk and threat landscape and how to prep better with LTI Mindtree Limited CFO Vinit Teredesai and PwC India Risk Consulting Partner and Leader Sivarama Krishnan.

Leader bytes

Risks are inevitable. To tackle them, it’s best to follow a three-step approach - predict, prepare and respond. Sivarama Krishnan, Partner and Leader – Risk Consulting, PwC India and Leader, APAC, Cybersecurity and Privacy, shares his insights on rethinking risk and not just addressing it in silos.

In this age of disruption, the risk landscape is continuously evolving. Sam Samaratunga, Global Risk Services Leader, PwC, highlights the need for having a panoramic view of risk by combining data-driven insights with technology, and bringing together a community of solvers.

Sanjeev Krishan, Chairperson, PwC India, shares his insights on how organisations can become fit-for-future by addressing risks through technology and actionable intelligence.

PwC helps you create a panoramic view of your unique risk landscape, so you can act boldly and purposefully

Organisations are facing an increasingly complex risk environment that requires a diverse range of internal and external experts, technology alliance partners, third party data owners and industry specialists to work together to provide a panoramic view of their unique risk landscape. Is your organisational ecosystem allowing you to bring a range of perspectives to the problem-solving table?

Case study

Data science is increasingly used to identify meaningful risk data and create actionable, real-time risk intelligence. Are you considering how to leverage data to identify patterns, detect warning signals, and help lessen the impact of risk events?

Case study Article

Technology embedded in many areas of the business can act as sensors and supply real-time data to guide future activities. Is your organisation applying techniques and tools which can help you anticipate risk and respond with agility?

Case study Article

Using integrated risk and compliance systems enables higher reliability, efficiency and better decision making. Does your organisation have highly reliable systems in place to deliver the outcomes needed?

Case study Article

Should CEOs think differently about risk?

Managing risk isn't about responding to change. It's about changing the way we see, shifting our perspective and considering different angles to anticipate and be agile.

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How we can help

We bring together teams of experts including PwC professionals, tech alliance partners, third-party data owners and clients. We actively work with you to make sense of data from multiple sources, internal and external, to identify meaningful risk signals and to form actionable, real-time risk intelligence. In doing so, we help you become more agile and resilient, better able to anticipate threats and take advantage of opportunity. Helping you build trust and deliver sustained outcomes.

A community of solvers. Identifying real-time signals. Creating a panoramic view of your unique risk landscape. Let’s change how we see risk.

Download the report C-suite playbook on cyber

PwC’s Risk Capabilities

Business and Technology Risk

Cybersecurity

Financial Services and Treasury

Forensics

Governance, Risk and Compliance

Risk Analytics

Risk Managed Services

Third-Party Risk Management

Managing risks in an organisation requires all hands to be on deck. It calls for CEO oversight, board-level accountability and a C-suite that is aligned. It is imperative that business leaders #RethinkRisk so that they can manage threats with agility and foresight, while staying on course to deliver sustained outcomes, create value and build trust.

Sivarama Krishnan,Partner and Leader - Risk Consulting, PwC India and Leader APAC Cybersecurity & Privacy, PwC

The Leadership Agenda

Sharp, actionable insights curated to help you gain a more panoramic and data-enabled view of risk. Learn how the risks that today’s leaders face are deeply interconnected, and why managing them will require unprecedented agility and cooperation.

Explore now

Videos

Explore the HITRUST advantage with PwC India

Cyber Protection Centre (CPC)

Trends shaping the risk landscape in the GCC sector

Transaction Processing Control Centre

Five critical aspects that CMOs must consider for prioritising data privacy under the DPDP Act

Five critical aspects that CROs must consider regarding the DPDP Act

Discover the five essential technical practices for CTOs to comply with the DPDP Act

Five critical aspects that CFOs must consider regarding the DPDP Act

Case study: Serving resilience with a long shelf life

Forensic image and document analyser

Five critical aspects which CISOs must consider while navigating the intricacies of the DPDP Act

Rethinking risks to build resilience by design

Cybersecurity for connected vehicles

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Transact to Transform

Transact to Transform will help you go further, faster by applying a holistic lens to reinvent your business model and achieve your sustainable growth ambitions.

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Risk Consulting

Featured - 4 items

PwC’s Global Economic Crime Survey 2024

Bridging the gaps to cyber resilience

Conduct risk: Trends and outlook

HITRUST services

How aware and prepared are Indian consumers and businesses to navigate the new era of digital privacy?

56%

42%

70 %

Strong risk and resilience capabilities can be the difference between those that thrive and those that fight to survive.

Should you change how you see this?

PwC Insights: The Digital Personal Data Protection Act India 2023

Readiness of India Inc. for the Digital Personal Data Protection Act, 2023: A PwC analysis

Third Party Risk Management

PwC’s integrated thirdparty risk management (TPRM) tool: Risk Protect

Rethinking risk: Trends in third-party risk management (TPRM)

Compliance with RBI circulars on Third Party Risk Management

Managing Third Party Risks in the Energy and Infrastructure sector

Episode 6: Governance, Risk and Compliance to anticipate, mitigate risk and deliver business excellence

ep 6

ep 5

Episode 5: Strategic risk management in lending and financing FinTechs

ep 4

Episode 4: The benefits of good governance, risk and controls to protect value

ep 3

Episode 3: Risk management beyond business processes

ep 2

Episode 2 - Digital transformation: How can we manage risk better?

ep 1

Episode 1: Risk if managed well can become an opportunity

Leader bytes

Risks are inevitable. To tackle them, it’s best to follow a

Leader bytes

Sanjeev Krishan

PwC helps you create a panoramic view of your unique risk landscape, so you can act boldly and purposefully

Should CEOs think differently about risk?

How we can help

Download the report C-suite playbook on cyber

PwC’s Risk Capabilities

Business and Technology Risk

Cybersecurity

Financial Services and Treasury

Forensics

Governance, Risk and Compliance

Risk Analytics

Risk Managed Services

Third-Party Risk Management

The Leadership Agenda

Videos

Explore the HITRUST advantage with PwC India

Explore the HITRUST advantage with PwC India

cyber center

Cyber Protection Centre (CPC)

Trends shaping the risk landscape in the GCC sector

Trends shaping the risk landscape in the GCC sector

Transaction Processing Control Centre

Transaction Processing Control Centre

Five critical aspects that CMOs must consider for

Five critical aspects that CMOs must consider for prioritising data privacy under the DPDP Act

Have you fully recognised the advantages of complying with

Five critical aspects that CROs must consider regarding the DPDP Act

Discover the five essential technical practices for CTOs to

Discover the five essential technical practices for CTOs to comply with the DPDP Act

Navigating the complexities of DPDP Act compliance

Five critical aspects that CFOs must consider regarding the DPDP Act

Case study: Serving resilience with a long shelf life

Case study: Serving resilience with a long shelf life

Forensic Image and Document Analyser

Forensic image and document analyser

pwc cisco dpdp

Five critical aspects which CISOs must consider while navigating the intricacies of the DPDP Act

Rethinking risks to build resilience by design

Rethinking risks to build resilience by design

PWC_Cybersecurity Connected Vehicles Risk

Cybersecurity for connected vehicles

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