India vulnerable to cyber crime, must upgrade defence: Study


NEW DELHI: Demonetisation and the subsequent push for digitisation has escalated risks relating to cyber crime and India needs to urgently upgrade its defences by setting up a cyber security commission on the lines of the Atomic Energy and Space Commissions, according to an IIT Kanpur study shared with Parliament‘s committee on finance.

Noting that the government has initiated a number of programmes to enhance the participation of citizens in the fully digitalised economy, the study said cyber security centres set up by the Reserve Bank of India would be insufficient. “While RBI centres often come to IITs such as IIT-K for expert opinion, IITs do not engage in relevant research on cyber security,” the study said.

Incidents of cyber crime in India are rising sharply, recording an increase of over 100% in 2015 from 2014. The number grew from 71,780 in 2013 to 1.49 lakh in 2014 to 3 lakh in 2015.

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Source: The Times of India.