Govt. should increase cyber security spending to match growing threat landscape: ASSOCHAM-PwC paper

Tuesday, February 14, 2017

‘Safety first through security by design,’ should be the motto

The government should sharply increase spending on cyber security to a level that matches the changing threat landscape, noted a paper jointly conducted by ASSOCHAM-PwC.

“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 paper titled ‘Recommendations – Cyber & network security,’ jointly conducted by ASSOCHAM and consulting firm PricewaterhouseCoopers (PwC).

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 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.

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