Nifty99000 100%

Sensex99000 100%

Article rating: No rating
Article rating: No rating
Article rating: No rating
Article rating: No rating
Article rating: No rating
Article rating: No rating
Article rating: No rating
Article rating: No rating
Article rating: No rating
Article rating: No rating
Article rating: No rating
Article rating: No rating
Article rating: No rating
Article rating: No rating
Article rating: No rating
Article rating: No rating
RSS

News

Escalating digital threats a worry for corporate India: EY

Author: IANS/Wednesday, January 31, 2018/Categories: Technology

Escalating digital threats a worry for corporate India: EY

New Delhi, Jan 31 - Corporate India’s journey toward digital transformation has introduced new risks, especially around managing data, over the last two years, a study by global professional services firm EY said.

According to EY's Global Forensic Data Analytics Survey 2018, 70% of Indian respondents see data protection and data privacy compliance as increasing areas of concern; while 46% are worried about cyber breach and insider threats.

The study said the role of advanced Forensic Data Analytics (FDA) and emerging technologies would continue to be pivotal to mitigate escalating digital threats. 

The India findings revealed that 71% had effectively utilised FDA in cases of data protection and privacy and 87% for financial statement fraud against the global average of 73% and 77%, respectively. 

The study also said 2018 will see greater investments in emerging technologies.

"Indian organisations are geared up to adopt emerging technologies such as Artificial Intelligence (63%), Robotics Process Automation (53%), Blockchain and Distributed Ledgers (50%), and User Behavioural Analytics (66%) this year.

"These would assist companies in continuous monitoring, policy adherence, and bolster business transparency. These tools can offer companies the flexibility to create customised risk programmes in line with their unique risk profile and culture."

"Emerging markets, especially India, are driving the digital data revolution through rapid innovation and adoption of new technologies. However, the current business environment demands reassessing the risk landscape as a result of new regulations around data protection and data privacy, increased multi-jurisdictional co-operation and rising digital vulnerabilities," said Arpinder Singh, Partner and Head - India & Emerging Markets, Fraud Investigation & Dispute Services, EY.

"This is an apt time for management to maintain the sanctity of data, and derive the true benefits of FDA by integrating it within their compliance programmes for increased return on investment," he added.

Print Rate this article:
No rating

Number of views (112)/Comments (0)

rajyashree guha

IANS

Other posts by IANS
Contact author

Leave a comment

Name:
Email:
Comment:
Add comment

Name:
Email:
Subject:
Message:
x

Videos

Ask the Finapolis.

I'm not a robot
 
Dharmendra Satpathy
Col. Sanjeev Govila (retd)
Hum Fauji Investments
 
The Finapolis' expert answers your queries on investments, taxation and personal finance. Want advice? Submit your Question above
Want to Invest
 
 

Categories

Disclaimer

The technical studies / analysis discussed here can be at odds with our fundamental views / analysis. The information and views presented in this report are prepared by Karvy Consultants Limited. The information contained herein is based on our analysis and upon sources that we consider reliable. We, however, do not vouch for the accuracy or the completeness thereof. This material is for personal information and we are not responsible for any loss incurred based upon it. The investments discussed or recommended in this report may not be suitable for all investors. Investors must make their own investment decisions based on their specific investment objectives and financial position and using such independent advice, as they believe necessary. While acting upon any information or analysis mentioned in this report, investors may please note that neither Karvy nor Karvy Consultants nor any person connected with any associate companies of Karvy accepts any liability arising from the use of this information and views mentioned in this document. The author, directors and other employees of Karvy and its affiliates may hold long or short positions in the above mentioned companies from time to time. Every employee of Karvy and its associate companies is required to disclose his/her individual stock holdings and details of trades, if any, that they undertake. The team rendering corporate analysis and investment recommendations are restricted in purchasing/selling of shares or other securities till such a time this recommendation has either been displayed or has been forwarded to clients of Karvy. All employees are further restricted to place orders only through Karvy Consultants Ltd. This report is intended for a restricted audience and we are not soliciting any action based on it. Neither the information nor any opinion expressed herein constitutes an offer or an invitation to make an offer, to buy or sell any securities, or any options, futures or other derivatives related to such securities.