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India, UAE join hands to deal with Cyber Security

India: Cyber Security has become the key concern for the governments across the world. After the United States President proposal for US$ 19 billion budget for cybersecurity last month, other countries are also stepping forward to deal with cybercrime.

Recently, India and United Arab of Emirates (UAE) agrees to corporate each other in cyberspace to increase the cybersecurity of the nations. The Memorandum of Understanding (MoU) signed between the two countries last month and the Union Cabinet its ex-post approval for the MoU on 10th March.

According to MoU, the two countries will corporate to combat cybercrime specifically in coordinating, exchanging information and training cyber security investigating teams.

TechSci Research depicts that the two countries would enhance the synergies between the cyber security teams of the nations and would enable them to deal with cybercrime more efficiently. With the increasing cybercrime activities, IT security has become a crucial factor for nations. Countries such as India, China, Russia and so on which falls under the top nations vulnerable to cyber-attacks, it is crucial for the Governments to take concrete steps towards strengthening their cybersecurity divisions.

According to the recent report published by TechSci Research, “Global Cyber Security Market Forecast and Opportunities, 2020”, global cyber security market is projected to surpass USD123 billion by 2020. Over the last few years, cyber security has become extremely vital for public as well as private enterprises as cyber-attacks have become more organized and sophisticated. In addition, the number of state sponsored attacks across the globe has surged. The prime motives steering cyber-attacks are monetary benefit and access to secret information of an organization. Thus, companies and governments across the globe are increasing their budget allocation towards cyber security and entering into collaboration to deal with the global cybercrime issues.

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