Cybersecurity breaches top risk for India Inc, 51% leaders flag threat to business performance: FICCI-EY survey
Publish Date: 2026-02-08 06:06:00
Source Domain: timesofindia.indiatimes.com
Cybersecurity breaches and attacks have emerged as the biggest risk to organisational performance for Indian companies, with 51 per cent of senior leaders identifying it as their primary concern, according to the FICCI-EY Risk Survey 2026 released on Sunday.The survey ranked changing customer demands (49 per cent) and geopolitical developments (48 per cent) as the next most significant risks facing businesses, PTI reported.The report, based on responses from senior decision-makers across sectors, highlighted that technology-related risks are increasingly linked to operational continuity and business resilience.According to the findings, 61 per cent of respondents said rapid technological change and digital disruption are affecting their competitive position. An equal proportion, 61 per cent, identified cyber-attacks and data breaches as major financial and reputational threats.“More than half, 57 per cent, report potential data theft and insider fraud as significant risks, and 47 per cent acknowledge difficulty in addressing increasingly sophisticated cyber threats,” the report stated.The study was based on a web-based survey of 137 senior decision-makers, including CXOs. The technology sector accounted for the highest share of respondents at 21 per cent, followed by professional services.Artificial Intelligence (AI) has emerged as a dual risk area for India Inc, reflecting both opportunity and exposure.While 60 per cent of respondents said inadequate adoption of emerging technologies, including AI, could negatively impact operational effectiveness, 54 per cent said AI-related risks such as ethical and governance challenges are not being managed effectively.Commenting on the findings, Rajeev Sharma, Chair, FICCI Committee on Corporate Security & DRR, said, “In a business environment shaped by volatility, the ability to anticipate, absorb and adapt to risk is emerging as a defining capability for sustained growth. The report indicates that organisations…
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