Cyber attacks, data privacy requirements and technology-related disruptions continue to rank among the most significant risks for Indian businesses, according to two separate assessments released by ICICI Lombard with the Institute of Risk Management (IRM) India Affiliate, and Aon’s 2025 Global Risk Management Survey.

Both studies point to heightened exposure to digital, regulatory and operational risks across sectors, with organisations reporting varying levels of preparedness and differing impacts depending on size and industry.

Cyber and data-related risks dominate short-term and long-term priorities

The ICICI Lombard–IRM India survey finds cyber risk at the top of the short-term risk list for the third consecutive year, followed by legal and regulatory risks, talent-related issues a

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