Indian firms to spend Rs 25cr on IT security in 2013

Faced with rise in malicious cyber attacks that try to steal critical data, Indian firms will spend over Rs 25 crore on average on information security this year, a study by global consulting firm PwC revealed.
According to Pricewaterhouse Coopers’ (PwC) the State of Information Security Survey 2014, spending by companies marks a 100 per cent increase compared to 2012.
“Indian companies are spending more than Rs 25 crore on information security as they are reporting an increase in security incidents. This marks a 100 per cent increase in firms spending above this amount, compared to 2012,” it said.
The survey, PwC’s sixth in India, was conducted as part of Global State of Information Security Survey 2014 by PwC, CIO Magazine and CSO Magazine. It covered 624 CEOs and senior management from across 17 industry sectors in India, it added.
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