India, April 18 -- Companies globally could incur US$5.2 trillion in additional costs and lost revenue over the next five years due to cyberattacks, as dependency on complex internet-enabled business models outpaces the ability to introduce adequate safeguards that protect critical assets, according to a new report from Accenture.

Based on a survey of more than 1,700 CEOs and other C-suite executives around the globe including 100 respondents from large enterprises in India, the report -Securing the Digital Economy: Reinventing the Internet for Trust - explores the complexities of the internet-related challenges facing business and outlines imperatives for the CEO's evolving role in technology, business architecture and governance.

The ...