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DSCI-KPMG Secure in India 2023 - GCC empowered global cybersecurity and digital risk management

Today, we are in a world dealing with geopolitical conflicts, supply chain disruptions, economic uncertainties, continued emergence of digital, operational, and advanced technologies, especially with the rise of Artificial Intelligence (AI). These global events continue to have a ripple effect on the global business ecosystem, pose unforeseen challenges and provide opportunities to transform.

‘Trust’ in business is a key ‘asset’ for organizations and is vital to build and protect trust in the world challenged with above events. With rampant digitization, data is a foundational block for competitive advantage and global organizations are tapping the data to provide transformative experience to their customers.

Today, cyber GCCs are seen as value generating entities and hubs of cyber leadership, diverse cybersecurity talent, and excellence. They drive global cybersecurity and digital risk management employing innovation, resilience, adaptability, DE&I and business growth agenda propelling these as cyber-Centres of Excellence (CoE).

The DSCI- KPMG ‘Secure in India’ report focuses on how cyber GCCs are empowering their global organizations deal with cybersecurity and digital risks, including new business and digital technology models.

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Key Findings

Global organizations continue to invest in cyber GCCs to manage cybersecurity and digital risks
  • About 28 per cent of global organizations surveyed have more than half of their global cybersecurity teams in cyber GCCs. This has doubled since 2020. About 70 percent of respondents have cybersecurity teams with over 25 resources in India.
  • About 89 per cent of cyber GCC CISOs participate in global committees governing cybersecurity. 67 per cent of the organizations surveyed have cybersecurity team members across global locations reporting to cyber GCC leadership.
Cyber GCCs emerge as global cybersecurity skills hub
  • Maximum increase in cyber skill demand is noted for cloud security (81 per cent), followed by third party risk management (78per cent), cybersecurity risk assessments (75per cent), technology regulatory compliance and standards management (75 per cent)and secure development (69 per cent).
Cyber GCCs focus on culture of innovation to manage risks effectively
  • Most of the organizations surveyed are leveraging emerging technologies for cybersecurity, including cloud (81 per cent), Robotic Process Automation (RPA) (56 per cent), AI and Machine Learning (ML) (39 per cent) and low code and no code(33 per cent)
  • Significant interest has been noted in Generative AI for cybersecurity, across various functions including security operations, third party risk management, vulnerability management, risk, and control assessments etc.
Cyber GCCs foster risk culture and risk transparency
  • Most cyber GCCs are helping their global organizations identify, assess, remediate, track and report cybersecurity risks to their global boards. The top five cybersecurity risks reported to the global boards include third party cybersecurity risk, software supply chain security risk, cyber regulatory risk, endpoint security risk and cloud security risk.
Global organizations trust cyber GCCs across three lines of defense
  • About 78 per cent of cyber GCCs are unlocking horizontal value as teams across their three Lines of Defense (3LoD) actively collaborate for managing cybersecurity and digital risks
  • Cyber GCCs belonging to sectors such as technology, telecom, energy etc., have established 3LoD approach to cybersecurity and digital risk management, as well, beyond financial services

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