India lacks preparation to combat cybercrimes: PHD Chamber
A Seminar on “Cyber Security, Crime & Insurance: Current Scenario and Way Forward” was held yesterday under the aegis of the PHD Chamber of Commerce and Industry. Dr Madan Mohan Oberoi, Joint Commissioner of Police (Special Cell), Delhi; Anil Arora, Managing Director, Ace Insurance Brokers; Maj. Gen. Rajesh Arya, VSM & BAR (Retd), Dy Director General, International Institute of Security & Safety Management; Anil Khaitan, Sr Vice-President, PHD Chamber; including S. K. Sethi, Co-Chairman, Insurance Committee, PHD Chamber; and Debjit Talapatra, Director, PHD Chambers, were present for observations.
The seminar was organized keeping in view the criticalities arising out of cybercrimes that threaten the entire world and the way forward suggested was adoption and adaptation of technologies by the masses with sufficient precaution and equally through cementing cooperation of all the countries the world over.
It has revealed that India is barely prepared to combat the repeated onslaught of persistent cybercrimes and thus needs to be sufficiently awakened to plug the consequences of such crimes with adequate training to its IT and security personnel with plenty of infrastructure pertaining to tools, equipment and devices. It has also concluded that in the absence of stringent laws and even suitable legislation, the cybercrimes are persisting with little remedies since law-enforcing agencies are unable to tackle such acts with sufficient prosecution and conviction, the primary reason being attributed to lack of either awakening or adequate training.
The awareness of the threats facing the industry and trade due to the seriously growing cybercrime must percolate down the order and reach all general insurance companies, routed through IRDA and SEBI. The insurance companies need to put more coverage emphasis with the industry clients and the Chamber will encourage this objective and facilitate betterment of the industry’s risk mitigation and protection.
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