New Delhi: A report from IBN Live says that about 72% of Indian companies faced cyber attacks with financial expand spying the main motives in this year 2015.

Cybercrime threat has become a big problem in India, approximately 72% Indian companies are facing cyber attacks in 2015 with financial expand spying the main motives, added by professional services organization KPMG on Monday.

KPMG has surveyed through ‘The Cybercrime Survey Report 2015’, 250 top business executives in the capacities of CIO, CISO, CRO, CAE and COO for getting the pulse of the cybercrime and finally found 94% respondents suggests cybercrime is a major threat.

KPMG’s head, risk consulting, Mritunjay Kapur said that last few years many times the cyber crimes has been increasing across the different places and various sectors.  With the expanding of technologies, organizations, the cyber crime is increasing high level and lot of organizations facing an essential challenge.

On the other hand, 41 percent of the respondents said that cyber crime figured was put on the organization’s board schedule and the cyber defense mechanism expense is very less than 5% of the IT spends in Indian organizations.

“Vendors and people are one of the weakest links in this cyber defence chain. During the investigation of large cyber crimes has exposed that social engineering has mainly one of the preferable methods for extract critical information” noted KPMG India Partner Atul Gupta.

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