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Become A Startup Insider With Inc42 Plus
Join our exclusive community of business leaders &makers for in-depth tech stories and intelligence on India’s tech economy you won’t find elsewhere.
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Become a Startup Insider in 2024 with Inc42 Plus. Join our exclusive community of 10,000+ founders, investors & operators and stay ahead in India’s startup & business economy.
With more than half of the world being internet savvy, India accounts for the second largest user base for the internet and that raises a huge concern for the need of cybersecurity.
According to the Data Security Council of India (DSCI) report, India saw the second-highest number of cyber-attacks between 2016 and 2018. The average cost incurred for a data breach in the country has also risen 7.9% since 2017, with the average cost per breached record amounting to INR 4,552 ($64).
The Data Security Council of India (DSCI) has found the rising cyber-attacks in the country has resulted in more and more companies opting for cyber insurance policies to mitigate risks. About 350 cyber insurance policies have been sold in India till 2018, which is a 40% increase from that in 2017.
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