India Second Most Affected Country Due To Cyber Attacks: Report
The average cost per breached record is estimated to be INR 4,552
53% of all cyber attacks led to financial damages of more than $500K in 2018
High risk of cyber attacks have led Indian companies to opt for cyber insurance policies
India has been the second most cyber attacks affected country between 2016 to 2018, according to a new Data Security Council of India (DSCI) report. Further, the average cost for a data breach in India has risen 7.9% since 2017, with the average cost per breached record mounting to INR 4,552 ($64).
The rising cyber attacks has resulted in more and more companies opting for cyber insurance policies to mitigate the cyber-breach risk.