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India businesses identify emerging threats

Growing threats of terrorism, natural disasters and increasing instances of social unrest have made physical security one of the biggest concerns for corporate India, according to a survey by PwC India and ASIS.

The survey report states that, while five years ago physical security assessment was rare and uncommon, today almost 46 percent of the organizations surveyed in India conduct a physical security risk assessment once a year and 17 percent do this monthly.

The report highlights that cybercrime and corporate espionage are expected to be two of the most serious threats to India-based organizations in the coming years, closely followed by terrorism.

The physical security environment in India is still evolving and there is a wide gap between government policies and their implementation. Providing actionable security intelligence was considered as a key enabler by a majority of the survey respondents and more than half of the respondents (54 percent) reported the need for stringent but simplified laws and regulations for industry and for promoting the use of common industry practices.

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