Q.3 Reporting cyber security breaches is important. Yet, firms are reluctant to report the breaches. Examine the reasons for reluctance on part of the firms and suggest the way forward. (10 Marks)

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https://www.thehindu.com/opinion/lead/the-anatomy-of-indias-ukraine-dilemma/article65090424.ece
In the intro, mention the damage caused by cybercrimes to the global economy.
In the body, mention the reasons for reluctance such as the impact on the reputation of the company and poor performance in the share markets. In the possible solutions mention the regular audits of the firms, certification and evaluation of the security, cyber security command centres etc.
Conclude by mentioning the need for proactive measures to mitigate the threat of cybercrimes and resulting disruption.

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