According to the recent report, by 2015 India will require 5 lakh cyber security professionals across various industries such as Finance, Telecom, Utility, Power, Oil & Gas, Airline and Government. This need is said to be generated due the increasing internet penetration in the country along with the high pace growth of e commerce, social media and other interned base applications.
As quoted by UGC in lieu of the Gartner report, “The country’s information security market is expected to grow by 18% to reach Rs 1,415 crore in 2013 on the back of increased spending by companies to secure their information assets. Despite a continuing economic slowdown that has been putting pressure on IT budgets around the world, cyber security spending globally would continue on an upward trajectory, reaching $86 billion in 2016, up from $60 billion in 2012.”
Cybersecurity has become important due to security concerns in the current scenario as more and more businesses are coming up in the online space. Many startups have also taken an initiative to provide solutions as well as the awareness within various user communities. Some India based startups include Lucideus Tech, Null and virustotal.
According to Cyber Security Research and Development Center of India (CSRDCI),” Cyber Security in India is at its infancy stage and is still maturing. We cannot ignore Cyber Security in India as it has become an Indispensable Asset to protect Businesses, Governments, Organisations, Institutions and Individuals. The same must be a part of the National Cyber Security Policy of India and of any other Nation.”
Recently it was also reported that India is setting up a national cyber security architecture to protect critical information infrastructure and other networks. With India signing 5 MoU’s on IT, cyber security, space and education with Egypt, the Indian cyber security space could take a huge leap forward generating a lot more opportunities than it offers today.
Cybersecurity is the body of technologies, processes and practices designed to protect networks, computers, programs and data from attack, damage or unauthorized access.