Cyber<\/a> security<\/a> was rated amongst the top three risks by the corporates surveyed. Regulatory risk and technology disruption were the two other risks identified by the survey’s respondents.
“The new data privacy laws place the onus on companies to prevent any leaks. This makes cyber security even more relevant,” Deloitte<\/a>’s president of risk advisory Rohit Mahajan said.
The survey also noted that involvement of board level executives in risk management was on the rise. “Board members are actively investing time to monitor risk management as the Companies Act places more accountability on them by making them personally liable for any mishaps,” Mahajan said.
About 61% of the respondents to the survey, which included Nifty<\/a> 50 companies, had executives in a chief risk officer role, who, in many cases, reported to boards, Deloitte found.
The survey covered 100 companies across sectors such as consumer goods, financial services<\/a>, lifesciences, media and telecom. More than 40% of the companies surveyed had turnovers in excess of Rs 7,500 crore.
<\/body>","next_sibling":[{"msid":65777143,"title":"Ericsson bags $3.5 billion 5G network deployment contract from T-Mobile","entity_type":"ARTICLE","link":"\/news\/ericsson-bags-3-5-billion-5g-network-deployment-contract-from-t-mobile\/65777143","category_name":null,"category_name_seo":"telecomnews"}],"related_content":[{"msid":"65776996","title":"cyber-security-BCCl","entity_type":"IMAGES","seopath":"news\/economy\/policy\/india-inc-still-struggling-with-cyber-security\/cyber-security-bccl","category_name":"India Inc still struggling with cyber security","synopsis":"About 61% of the respondents to the survey, which included Nifty 50 companies, had executives in a chief risk officer role, who, in many cases, reported to boards, Deloitte found.","thumb":"https:\/\/etimg.etb2bimg.com\/thumb\/img-size-675142\/65776996.cms?width=150&height=112","link":"\/image\/economy\/policy\/india-inc-still-struggling-with-cyber-security\/cyber-security-bccl\/65776996"}],"msid":65777278,"entity_type":"ARTICLE","title":"India Inc still struggling with cyber security","synopsis":"The survey also noted that involvement of board level executives in risk management was on the rise.","titleseo":"telecomnews\/india-inc-still-struggling-with-cyber-security","status":"ACTIVE","authors":[{"author_name":"Mohit Bhalla","author_link":"\/author\/479201389\/mohit-bhalla","author_image":"https:\/\/etimg.etb2bimg.com\/authorthumb\/479201389.cms?width=100&height=100","author_additional":{"thumbsize":true,"msid":479201389,"author_name":"Mohit Bhalla","author_seo_name":"mohit-bhalla","designation":"Senior Assistant Editor","agency":false}}],"Alttitle":{"minfo":""},"artag":"ET Bureau","artdate":"2018-09-12 08:17:55","lastupd":"2018-09-12 08:31:33","breadcrumbTags":["Hacking","cyber","security","deloitte","cyber threat","Financial services","Internet","Nifty"],"secinfo":{"seolocation":"telecomnews\/india-inc-still-struggling-with-cyber-security"}}" data-news_link="//www.iser-br.com/news/india-inc-still-struggling-with-cyber-security/65777278">