Cyber security in India has yet to take a good start. There are many factors that ail cyber security of India. This is primarily due to that fact that we have no cyber security policy and strategy in India. Without a cyber security policy, cyber security cannot grow in India.Cyber security is not only essential for safeguarding national cyber assets but also for securing private assets of individuals and corporations. This is the reason why much importance should be given to cyber security initiatives in India.
Cyber security must also be seen as a sound business strategy. When organisations and businesses are connected to always on networks and Internet, it is of great business value that such computer systems must be strongly secured from cyber attacks, says Praveen Dalal, managing partner of New Delhi based Law Firm Perry4Law and CEO of exclusive techno legal cyber security research, training and educational centre of India. Even a temporary shut down of such crucial business computers may have significant business losses, opines Dalal.
Recently, the Reserve Bank of India (RBI) reiterated the importance of cyber security for banking and financial sectors of India. RBI has declared that all banks would have to create a position of chief information officers (CIOs) as well as steering committees on information security at the board level at the earliest. RBI also mandated cyber due diligence for banks in India.
Companies and business houses must understand the importance of increasing cyber security readiness and corresponding adaptive threat management, opines Dalal. They must understand the importance of e-discovery practices, incidence response, first responder’s roles, cyber due diligence, etc. If these companies and business houses have a sound e-discovery mechanism, good cyber security readiness model and adaptive threat management policy, many frauds can be anticipated and prevented before they occur, suggests Dalal.
India has to cover a long gap before it can ensure cyber security readiness and adaptive threat management. With the help of cyber security research centre of India not only suitable cyber security polices for India can be formulated but good cyber security readiness can be ensured.
