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Indian businesses need to align cyber security budgets with growth objectives: Kaspersky

Economic Times · 3m

Indian businesses should prioritize aligning their cyber security budgets with their growth objectives, according to Kaspersky. In today's digital era, businesses must embrace new-age technologies like artificial intelligence to boost their operations. However, this also exposes businesses to increased cyber risks and attacks. To ensure sustainable growth, companies aiming for a 20% business growth should also allocate a 20% increase in their cyber security budget. The number of cyberattacks in India, including malware and targeted attacks, is on the rise due to the vast amount of exposed data online. While the adoption of new technologies is necessary for business growth, it also presents a double-edged sword when it comes to cyber security. The Indian government is taking steps to address this issue.