According to US-based Software Company Symantec's Internet Security Threat Report, India is the second worst cybercrime affected country in the world after the US.
Netrika Consulting's survey noted that Indian corporates are not very regular in assessing their cyber security which leads to regular loss due to cyber attacks.
Just 44 per cent participant companies confirmed that they conducted IT security audit in last 6 months in their organisations, while 56 per cent stated that during last six months no IT security audit was undertaken in their organisation.
"A risk-based approach is to form your data security strategy by prioritising measures based on how much they will affect," Netrika Consulting MD Sanjay Kaushik said.
Kaushik further noted that "there are two types of companies one who have experienced a cyber-breach/cyberattack and others who are going to experience a cyberattack in the future. It's not a question of if, but only a matter of when".
The survey, covered 1,800 respondents from a range of industries - from manufacturing, BFSI, pharmaceuticals, hospitality, NBFC and IT/ITES