Rapid growth in use of cyber space necessitates a comprehensive security strategy to foster and sustain trust in digital ecosystem in India. Examine (200 Words)
Refer - Financial Express
Enrich the answer from other sources, if the question demands.
IAS Parliament 5 years
KEY POINTS
· With the vision of a trillion-dollar digital component, accounting for one-fifth of the $5-trillion national economy, the importance of cyberspace in India would only keep growing.
· Cybersecurity incidents observed by the Indian Computer Emergency Response Team (CERT-In) went up almost four times from 2017 to 2018, while cybercrimes went up by 77% from 2016 to 2017.
· Unsurprisingly, India’s global rank on the cybersecurity index slipped to 47 in 2018 from 23 in 2017, according to the UN agency ITU (International Telecommunication Union).
· Criminals can defraud unsuspecting users in sharing their bank or credit card account details with the PIN and passwords, intimidate and bully others, indulge in cyberstalking.
· Data breaches can be mitigated if we all take care of basic cybersecurity like using licensed and updated software, using different and difficult passwords for different services and devices, multi-factor authentication and strong encryption.
· The government should share its own assessment back with the private sector to create incentive for the latter to proactively share their intelligence on threat vectors without jeopardising contractual obligations or intellectual property.
· Underlying principles must go along with the strategic objectives and provide sufficient guidance and flexibility to sector regulators within their respective ecosystem.
· For example, the cybersecurity guidelines or frameworks issued by RBI, SEBI, IRDAI and PFRDAI can be greatly synergised under the aegis of the Financial Stability and Development Council (FSDC), thereby bringing greater sanity for the regulators as well as the regulated entities.
Emil Jose 5 years
kindly provide feedback.
Thank you
IAS Parliament 5 years
Try to include cyber security index, data on increase in use of cyber space. Keep Writing.
Deepika 5 years
Please give feedback.
IAS Parliament 5 years
Try to mention about cyber security index and elaborate bit more on measures to tackle threats rather than mentioning as points. Keep Writing.
Shivangi 5 years
Kindly review. Thank you.
IAS Parliament 5 years
Try to mention about global cyber security index and data on increase in use of cyber space. Keep Writing.
Pavithra.R 5 years
Kindly Review my answer.
IAS Parliament 5 years
Try to mention about and data on increase in use of cyber space and emphasise on global cyber security index. Keep Writing.
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