Reason for cyber security policies This caused a furor among people. This often includes performing regular patch updates of the operating system, installing updated anti-virus engines and software, firewalls, and secure accounts with user management. Credit companies offer their consumers instant and frictionless payment experiences, which in turn leaves banks and entities operating in the payments ecosystem with significantly less time to identify and respond to cyber threats. India's private sector will need to intensify its engagement with the government given the increasing volume of digital financial transactions and the current rate of cyberattacks in the country.
These statistics put India at the bottom of the list when it comes to addressing cybersecurity threats and attacks. As reliance on computers increased and networks grew, Governments were clear that security was essential and that unauthorized access to data and systems could be catastrophic. Any organization that owns sensitive data or relies on real-time computing is a potential target of a cyber attack. Due to the precarious state of cybersecurity in India, the country has been on the receiving end of hundreds of meticulously planned and executed cyber attacks.
One of the most difficult problems for policymakers to solve is that cybersecurity laws involve several different moving parts. Cyber threats are varied in nature and some of the most notable would be i) Malware, Viruses, Trojans, Spywares, ii) Backdoors, which allow remote access, iii) DDoS (Distributed Denial of Service), which floods servers and networks and renders them unusable, iv) DNS (Domain Named System) poisoning attacks, which compromises the DNS and redirects websites to malicious sites. The decade ended with more additions to the cybersecurity market, such as F-Prot, ThunderByte and Norman Virus Control. Legal Framework: While India does not have a specific cybersecurity law, the Information Technology (IT) Act 2000 deals with cybersecurity and associated cybercrime.
In addition, sector-specific regulations issued by regulators such as the RBI, the IRDA Act of 1999, the DOT and the SEBI require their regulated entities to maintain cybersecurity standards: banks, insurance companies, telecommunications service providers and publicly traded entities. According to the latest reports, there will be about 1.5 million open positions in the cybersecurity space by 2025, and to provide candidates with the right skills to excel, Times Professional Learning is offering a PG Certification Program in Cybersecurity. Whether it's deploying security, traffic management or manufacturing goods, the Indian economy is also rejoicing in the benefits of digitalisation in specialized sectors and industries. Indian organizations spend on designating physical security for their physical infrastructure and it is now imperative to have a similar mindset to protect their digital infrastructure and mobilize resources accordingly.