India needs to significantly grow in areas of cybersecurity, says Ajay Prakash Sawhney
With an increase in connected systems and use of smartphones, the risk of vulnerabilities are also rising. India with its ability in software and services should now move aggressively in the area of cybersecurity, a senior IT Ministry official 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 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," said Ajay Prakash Sawhney, IT Secretary.
He also said that this needs to grow significantly with Indian cybersecurity products. "It is especially important that we move aggressively in the area of cybersecurity," Sawhney said citing a connected world with rising number of computing devices.
"We are more dependent on computing equipments, communications and storage systems and with that the vulnerabilities are significant," he added, emphasising the need for cybersecurity and cyber hygiene products and tools.
At the launch ceremony of 'Cyber Security Grand Challenge', he delivered this speech. 'Cyber Security Grand Challenge' seeks to provide a platform to innovators and start-ups to align their efforts in development of products and solutions for critical cybersecurity problems.