Indian businesses vulnerable to terrorist strikes: KPMG

January 16th, 2009 - 10:00 pm ICT by IANS  

KPMGNew Delhi, Jan 16 (IANS) Indian businesses are unprepared to deal with the growing threat of terrorism with more than 75 percent of corporates lacking a comprehensive response plan for such incidents, a survey report by global consultancy KPMG says.According to the survey, 53 percent of respondents (corporates) have not conducted any threat analysis, while only 39 percent have insurance cover for terrorism-related incidents.

The study gains importance in light of the recent terror attacks in Mumbai and heightened security threat across the country.

“Organisations across the globe are obliged to provide for a safe working place, therefore, it is imperative that corporate draw effective emergency plans to ensure proper safeguards for their employees, assets and business,” said KPMG India’s forensic services head Deepanker Sanwalka.

“The preparedness to threats was found to be drastically low as only about 24 percent of the respondents had a comprehensive response plan and rest of the respondents either had no or very generic security response plan for their organisation,” the survey said.

According to it, “travel (airlines and airports), hospitality and retail are more prone to terror attacks as compared to others”. These are the soft targets due to the sheer volume of people visiting such places and easy access, it said.

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