Risk Consulting

Let's change the way we see risk

How aware and prepared are Indian consumers and businesses to navigate the new era of digital privacy?

A recent survey conducted by PwC India, titled, “How aware and prepared are Indian consumers and businesses to navigate the new era of digital privacy? A survey of India’s data privacy landscape” , explores the prevailing perceptions about privacy, trust and concerns about free data sharing and its potential misuse by many organisations. The survey underlines the pressing need for building a privacy respecting and privacy aware culture in India and having a privacy first approach in organisations.

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56%

of consumers not aware of their rights related to personal data.

42%

consumers were not sure if they would continue using the services of a company post a data breach. This rate is higher in Tier 1 cities at 72%.

70 %

consumers said that they find privacy policies difficult to understand

Strong risk and resilience capabilities can be the difference between those that thrive and those that fight to survive.

The interconnectedness and velocity of risks has increased in recent years, and it now takes different approaches to see them, and the entire organisation to address them. In becoming more proactive in preparing and adapting to risks, you can become more resilient. With the right insight, you can mitigate and prepare for whatever change is ahead. Disruption will always exist. But through building resilience, you’ll have a strategic advantage and be better placed to respond to disruption in a seamless, coordinated and efficient manner.

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PwC Insights: The Digital Personal Data Protection Act India 2023

In an attempt to decipher the key tenets of the DPDP Act, 2023, we at PwC India have curated a brief document. The document aims to help clients gauge what the legislation means for them and how they can proceed with the changes it may bring in the business environment.

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PwC Insights: The Digital Personal Data Protection Bill India 2023

Readiness of India Inc. for the Digital Personal Data Protection Act, 2023: A PwC analysis

PwC India analysed the websites of 100 Indian enterprises for compliance with the Digital Personal Data Protection (DPDP) Act, 2023 and found that 41% of websites of Indian enterprises analysed were found to specify data principal rights in their website privacy policies. However, only 9% of organisations sought consent that was free, specific and informed as per the PwC report.

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The Digital Personal Data Protection Act India 2023

Beyond the cloud: Navigating FinTech cyber threats and fortifying defences

June 2024

Explore key cybersecurity threats faced by the Indian FinTech industry. Learn about cloud vulnerabilities, insider threats and more. Discover strategies for fortifying defenses to safeguard digital financial services.

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Third Party Risk Management

PwC’s integrated thirdparty risk management (TPRM) tool: Risk Protect

PwC’s Risk Protect is a third-party risk management tool which helps clients automate their third-party onboarding, integrated risk assessment, due diligence and termination along with value-added capabilities around continuous monitoring, adverse media, risk reporting and contract lifecycle management.

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Rethinking risk: Trends in third-party risk management (TPRM)

Explore key risk trends to recognise and manage in order to excel in the challenging economic ecosystem.

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Compliance with RBI circulars on Third Party Risk Management

An overview of regulatory requirements highlighted by Reserve Bank of India (RBI) for third-party risk management (TPRM) in the financial services industry.

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Managing Third Party Risks in the Energy and Infrastructure sector

How can organisations in the energy and infrastructure sector strengthen their business against external threats and effectively manage and minimise risks?

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DE-Risking the future - PwC India

Managing risks is no longer just about avoiding disruptions. It’s about shifting perspectives, building resilience and having a panoramic view of the risk landscape, so you can act boldly and purposefully.

PwC India, in collaboration with Business Today, presents De-risking the Future - a series of conversations between PwC experts and industry professionals where they discuss ways to come together in unexpected ways to solve the world's important problems.

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Episode 6: Governance, Risk and Compliance to anticipate, mitigate risk and deliver business excellence

Watch Harpreet Singh, Partner - Risk Consulting, PwC India, in conversation with Anil Riat, Group Head, Internal Audit at Bharti Enterprises and, along with Sourav Majumdar, Editor at Business Today, engage in a compelling discussion on the critical aspects of governance, risk, and compliance (GRC). The conversation highlights key points including elevating governance beyond regulatory compliance, concerns in governance, lessons from startups, governance challenges in regulated sector and much more.

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Leader bytes

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Risks are inevitable. To tackle them, it’s best to follow a three-step approach - predict, prepare and respond. Sivarama Krishnan, Partner and Leader – Risk Consulting, PwC India and Leader, APAC, Cybersecurity and Privacy, shares his insights on rethinking risk and not just addressing it in silos.

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In this age of disruption, the risk landscape is continuously evolving. Sam Samaratunga, Global Risk Services Leader, PwC, highlights the need for having a panoramic view of risk by combining data-driven insights with technology, and bringing together a community of solvers.

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Sanjeev Krishan, Chairperson, PwC India, shares his insights on how organisations can become fit-for-future by addressing risks through technology and actionable intelligence.

PwC helps you create a panoramic view of your unique risk landscape, so you can act boldly and purposefully

Organisations are facing an increasingly complex risk environment that requires a diverse range of internal and external experts, technology alliance partners, third party data owners and industry specialists to work together to provide a panoramic view of their unique risk landscape. Is your organisational ecosystem allowing you to bring a range of perspectives to the problem-solving table?

Case study

Data science is increasingly used to identify meaningful risk data and create actionable, real-time risk intelligence. Are you considering how to leverage data to identify patterns, detect warning signals, and help lessen the impact of risk events?

Case study Article

Technology embedded in many areas of the business can act as sensors and supply real-time data to guide future activities. Is your organisation applying techniques and tools which can help you anticipate risk and respond with agility?

Case study Article

Using integrated risk and compliance systems enables higher reliability, efficiency and better decision making. Does your organisation have highly reliable systems in place to deliver the outcomes needed?

Case study Article

Should CEOs think differently about risk - PwC India

Should CEOs think differently about risk?

Managing risk isn't about responding to change. It's about changing the way we see, shifting our perspective and considering different angles to anticipate and be agile.

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How we can help

We bring together teams of experts including PwC professionals, tech alliance partners, third-party data owners and clients. We actively work with you to make sense of data from multiple sources, internal and external, to identify meaningful risk signals and to form actionable, real-time risk intelligence. In doing so, we help you become more agile and resilient, better able to anticipate threats and take advantage of opportunity. Helping you build trust and deliver sustained outcomes. 

A community of solvers. Identifying real-time signals. Creating a panoramic view of your unique risk landscape. Let’s change how we see risk.

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PwC’s Risk Capabilities

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Sivarama Krishnan

Managing risks in an organisation requires all hands to be on deck. It calls for CEO oversight, board-level accountability and a C-suite that is aligned. It is imperative that business leaders #RethinkRisk so that they can manage threats with agility and foresight, while staying on course to deliver sustained outcomes, create value and build trust.

Sivarama Krishnan,Partner and Leader - Risk Consulting, PwC India and Leader APAC Cybersecurity & Privacy, PwC

The Leadership Agenda

Sharp, actionable insights curated to help you gain a more panoramic and data-enabled view of risk. Learn how the risks that today’s leaders face are deeply interconnected, and why managing them will require unprecedented agility and cooperation.

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The Leadership Agenda

Videos

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Explore the HITRUST advantage with PwC India

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Cyber Protection Centre (CPC)

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Trends shaping the risk landscape in the GCC sector

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Transaction Processing Control Centre

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Five critical aspects that CMOs must consider for prioritising data privacy under the DPDP Act

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Five critical aspects that CROs must consider regarding the DPDP Act

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Discover the five essential technical practices for CTOs to comply with the DPDP Act

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Five critical aspects that CFOs must consider regarding the DPDP Act

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Case study: Serving resilience with a long shelf life

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Forensic image and document analyser 

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Five critical aspects which CISOs must consider while navigating the intricacies of the DPDP Act

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Rethinking risks to build resilience by design

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Cybersecurity for connected vehicles

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Sivarama Krishnan

Sivarama Krishnan

Partner and Leader, Risk Consulting, PwC India