2023 Global Digital Trust Insights: India edition

Findings from the 2023 Global Digital Trust Insights

Explore the key findings
  • 82%

    respondents see cyber security budgets increasing in 2023

  • 77%

    respondents say cyber criminals will impact their firms

  • Cyber attacks and a new health crisis are 2 top risks

  • Denial-of-service attacks are expected to rise in 2023

It’s a bold new world in business.

Driven by events no one could have foreseen, leaders in recent years have pushed their companies and themselves beyond their comfort zone: out of the office to remote workplaces; into the cloud; along chains of supply that are nearly completely digital. And with each new venture has come new cyber risks.

Our latest findings from our 2023 Global Digital Trust Insights survey-reflecting the views of over 3,500 business, security and IT leaders across various industries across 60+ territories shows that Cybersecurity has become a dynamic field, rapidly adjusting and shifting to keep apace with business inventiveness.

CISO are seizing the initiative getting the go-ahead to truly lead — to step out of their independent cyber-specialist role and into one of partnering with not just with a few executives, but throughout the entire C-suite and Board. These collaborations have never been more critical.

46% of CEOs want to empower the CISO to collaborate with the C-Suite on security next year. It’s exactly what’s needed for the tougher challenges ahead. How can each of you continue to make a difference? Where should CISOs and cyber teams wield influence for the greatest effect?

India Highlights

59% respondents expect Cloud-based pathways to be exploited by adversaries in 2023 over 2022

59% respondents expect Cloud-based pathways to be exploited by adversaries in 2023 over 2022

52% respondents expect attacks against cloud management interfaces to significantly increase in 2023

52% respondents expect attacks against cloud management interfaces to significantly increase in 2023

70% respondents feel that security and governance inhibits their ability to use data

70% respondents feel that security and governance inhibits their ability to use data
 

Sivarama Krishnan

The digitalisation of business demands that corporates and boards invest in becoming more cyber resilient. This needs to be across the spectrum – in technology, people, processes and engineering capabilities. Our survey clearly reveals that organisations that have made cybersecurity a strategic priority have witnessed less disruption to business. Cyber resilience is not only key to the survival of businesses but also a key driver of public trust.

Sivarama Krishnan, Partner and APAC Cybersecurity Leader, PwC

The C-suite playbook on cybersecurity and privacy, featuring our latest survey Global Digital Trust Insights, highlights what lies ahead in 2023 and how executives can work together for cyber-ready futures.

C-suite playbook on cybersecurity and privacy

Explore how senior executives ally with the CISO on cyber decisions and activities to realize their organisation’s growth plans.

Explore the survey findings

See how you stack up against your peers

Leverage our cybersecurity and privacy benchmarking tool to gain real-time insights on how your organisation is performing.

Take the survey

About the survey

The 2023 Global Digital Trust Insights is a survey of 3,522 business, technology, and security executives (CEOs, corporate directors, CFOs, CISOs, CIOs, and C-Suite officers) conducted in July and August 2022. Female executives make up 31% of the sample.

Fifty-two percent of respondents are executives in large companies ($1 billion and above in revenues); 16% are in companies with $10 billion or more in revenues. 

Respondents operate in a range of industries: Industrial manufacturing (24%), Tech, media, telecom (21%), Financial services (20%), Retail and consumer markets (18%), Energy, utilities, and resources (9%), Health (5%), and Government and public services (3%).

Respondents are based in various regions: Western Europe (31%), North America (28%), Asia Pacific (18%), Latin America (12%), Eastern Europe (5%), Africa (4%), and Middle East (3%).

103 executives from India participated in our Global Digital Trust Insights survey. These belonged to both Business and Tech/Security roles, with 40% belonging to organisations with over USD 1 Billion in revenue and 32% with over USD 5 Billion.

The Global Digital Trust Insights Survey is formally known as the Global State of Information Security Survey (GSISS).

PwC Research, PwC’s global Centre of Excellence for market research and insight, conducted this survey.

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Contacts

Sangram Gayal

Partner, Cyber Security, Mumbai, PwC India

+91 98 1919 7716

Email

Sivarama Krishnan

Leader, APAC Cybersecurity & Privacy, PwC India

Email

Siddharth Mehta

Tax Technology Leader, mumbai, PwC India

0124 330 6518

Email