The Increasing Threat of Cyber Crime and Cyber Security Measures
The Urgency of Cyber Security in Addressing Cyber Crime
Cyber crime poses a significant threat as underlined by ISRO Chairman S Somanath. The heightened volume of cyber security threats today is alarming. Cyber attacks extend beyond personal data, threatening the very fabric of our nation’s security. During a recent event, Somanath detailed the expanding nature of these threats and the crucial need for countermeasures.
Launching 'Cyber Nalanda'
At the foundation stone-laying ceremony for 'Cyber Nalanda', a new private cybersecurity R&D center initiated by SISA, Somanath discussed the importance of being prepared for cyber attacks. This center aims to encourage collaboration and innovation within the cybersecurity space, with operations expected to commence by August 15, 2025.
- Investment in R&D: SISA dedicates 10 percent of its revenue to research, aiming to create globally relevant cybersecurity solutions from India.
- Certification Programs: Cyber Nalanda will offer accredited programs to fill the 3.5 million cybersecurity job gap globally.
- Emphasis on Emerging Technologies: With advancements in AI and quantum computing, Somanath and CEO Dharshan Shanthamurthy stress the urgent need for innovative responses to evolving cyber threats.
Assessing Cyber Resiliency in India
Shanthamurthy noted that cyber crime today is valued at around $10.3 trillion, making it imperative for businesses to enhance their cyber security frameworks. He pointed out that a cyber incident occurs every 39 seconds globally and described India's low score in cyber resiliency as concerning.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.