Indian Government to Set-up Cyber Security Research & Development Centre

India: Government of India announced to set up its own cyber security research & development centre with allocated fund amounting USD 100 million for protecting critical infrastructure required by law enforcement agencies. The operations and implementation of Research and development centre will be controlled by National Security Council Secretariat(NSCS) 

The rising incidents of ATM/debit card data breach in addition to number of cyber threats from neighbouring countries made it mandate for Indian Government to set-up cyber security research & development centre. The centre aims to set-up centre of excellence, inter-operability laboratory to assess the developed software and hardware products.

Evolution of technology and high usability of internet is posing huge challenge in the form of complex cyber threats and malicious attacks which may impact the Indian economy. The imperative step was taken to safeguard national interest and security and thereby minimizing dependency on few countries for technology and equipment.

TechSci Research depicts that cyber security would play a vital role in protecting national interest and security as data theft and breaching of information is highly susceptible to internet users. The government spending to develop cyber security research and development centre will pave a long way for protecting critical infrastructure essential required by government regulatory and law enforcement agencies.

According to TechSci Research report “Global Cyber Security Market By Security Type, By Solutions, By End Use Industry, By Region, Competition Forecast and Opportunities, 2011-2021”, global market for cyber security is projected to surpass US$ 137 billion by 2021. Growing trend of Bring Your Own Device (BYOD), rising adoption of cloud computing, expanding market for Internet of Things (IoT) are expected to continue driving the cyber security market across the globe over the next five years.