Cybersecurity in India: Need for Dedicated Budgetary Provision

The government should have a dedicated budgetary provision to strengthen cybersecurity in the country, particularly to support digitised government service providers and prioritise vulnerable sectors and small businesses, industry experts said. They added that there should be some incentives for companies to invest in cybersecurity.

Rising Cyber Threats and Digital Fraud

Given the surge in digital fraud, financial scams, and increasing sophistication of cyber threats, concerns that Prime Minister Narendra Modi has raised in recent months, a dedicated budget is essential. Clear budgetary provisions would reinforce the government’s commitment to cybersecurity, signalling its importance at the national level, according to experts.

Importance of Cybersecurity

Experts emphasized the need for a dedicated budget to address the growing concerns of cyber threats. They pointed out that the government’s commitment to cybersecurity is crucial in protecting the country’s digital infrastructure and preventing financial losses due to cybercrime.

Incentives for Companies

Industry experts also suggested that the government should provide incentives for companies to invest in cybersecurity. This would encourage businesses to invest in cybersecurity measures, thereby strengthening the country’s digital security.

Conclusion

In conclusion, a dedicated budgetary provision is essential to strengthen cybersecurity in India. The government’s commitment to cybersecurity is crucial in protecting the country’s digital infrastructure and preventing financial losses due to cybercrime. Industry experts emphasized the need for incentives for companies to invest in cybersecurity, which would encourage businesses to invest in cybersecurity measures.

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