India’s BFSI organisations experience cyber-attacks at 1.6 times the global average: BCG-DSCI study
Boston Consulting Group (BCG) and Data Security Council of India (DSCI) recently released “Cybersecurity in the Age of AI: Building a Synchronous BFSI Enterprise,” a comprehensive report on how AI is reshaping cybersecurity risk across India’s banking, financial services, and insurance sector.
Drawing on a BCG-DSCI Indian CISO Survey of 42 senior security leaders and direct face-to-face interviews, the report finds India’s BFSI organisations experience cyber-attacks at 1.6 times the global average, with reported incidents more than doubling in four years — from 1.4 million in 2021 to 2.9 million in 2025.
Mean time to contain a breach in India stands at 263 days and is still climbing. Mid-size organisations face the sharpest exposure: having digitized aggressively and built deep interconnections across the financial system, they carry the risk profile of large players with a fraction of the cyber investment to match it.
The report further notes, every...
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