Corporate Governance and Cyber Security
The continuous rise in technology has been of great help to the business world but has also raised the risk of cyber breach. The rise in cyber breach from 2006 to the present day has increased from 3 million to 540 million in Facebook alone. They used to be individuals but now they are organizations which professionally work for anyone who hires them to extract data. The risk and gravity of this breach is not realized by people until it happens with them. Privacy and data management have become the core issues of corporate governance in India. A 2019 Chief information Officer (CIO) survey by Force point and Frost & Sullivan found that 69% of Indian organizations are at a risk of data breach. It also found that not enough C-level teams are involved in cyber security preparations, with only 34%, mainly BFSI (Banking, Financial Services and Insurance), telecom and IT & BPO companies involved in it.
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