Govt should increase spend on cyber security: Assocham-PwC paper

Govt should increase spend on cyber security: Assocham-PwC paper

The government should sharply increase spending on cyber security to a level that matches the changing threat landscape, a research paper by Assocham-PricewaterhouseCoopers (PwC) said on Tuesday.

“The government should allocate adequate budget for cyber security related initiatives such as capacity building, training of the workforce, implementing awareness programmes, and promoting research and development,” according to a paper titled ‘Recommendations — Cyber & Network Security.’

It also suggested the industry to make budgets to expand efforts to attract and retain qualified cyber professionals. “It is important to take proactive measures rather than reactive methods as building safe environments will always be the best line of defence against rising cybercrime,” suggested the paper.

It said that the government should look at developing comprehensive and mature security policies to ensure that emerging technologies such as cloud and Smart Cities are protected from cyber threats and risks, and help create a dynamic digital economy.

“The government and regulators should develop comprehensive cyber security policies and frameworks from the perspective of incentives, tax breaks and technological development,” the paper said.

“The policies should be such that they encourage private sector participation in public sector research and promote the commercialisation of research and development and intellectual property,” it added.

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