As the risk of vulnerabilities is increasing with rapid use connected systems and smartphones raise the risk of vulnerabilities, India should move aggressively in the area of cybersecurity, IT secretary Ajay Prakash Sawhney said.
“We have an estimated USD 1.9 billion (about Rs 13,500 crore) in cybersecurity service business, and USD 450 million (about Rs 3,200 crore) of cybersecurity products business from India. There is also the presence of multinational and Indian entities which engage in R&D in cybersecurity…all of it currently amounts to USD 5 billion (about Rs 35,500 crore) worth cybersecurity ecosystem in India,” Sawhney said.
“It is especially important that we move aggressively in the area of cybersecurity. We are more dependent on computing equipments, communications and storage systems and with that the vulnerabilities are significant,” Sawhney commented while was speaking at the launch ceremony of ‘Cyber Security Grand Challenge’. The occasion seeks to provide a platform to innovators and start-ups to align their efforts in the development of products and solutions for critical cybersecurity problems.
