Cyber Security Financial Services Exchange - India
A push towards digital economy (otherwise known as demonetization) by the Indian government is changing the way businesses and governments are run in the country. However, at the same time, these recent changes are creating vulnerabilities by moving processes online, resulting in an increased incidence of cyber-attacks among enterprises in India. Further contributing to the problem is a lack of understanding among most of the people on how dangerous hacking can be to the reputation of an enterprise. According to Data Security Council of India (DSCI) an industry body on data protection, India’s cybersecurity market is expected to grow nine-fold to $35 billion by 2025, from about $4 billion now. This would mainly be driven by an ecosystem to promote the growth of indigenous security product and services start-up companies. The DSCI has incubated 80 cyber security startups in the past two years.