India is the second-fastest digitizing economy amongst 17 leading economies of the world. India’s digital economy of the future could generate productivity and output sufficient to support 55 to 60 million workers in 2025.
While industry has progressed phenomenally through digital transformation in the past four years, we have also witnessed a massive rise in cyber-attacks. CERT-In tackled over 1.39 million cybersecurity incidents in 2022: Annual report. Highlighting the vast number of cyber-attacks the country faces in terms of malware, phishing, distributed denial of service, ransomware attacks and data breaches. Further, Ransomware incidents up by 53% in India: CERT-In.
Cyber Security needs focus at the National level to enable India to create the $1 trillion of economic value from the digital economy in 2025. Industry will need to become Cyber resilient and Secure to ensure its sustainability and progress. With the rapid digital adoption and advanced pandemic-related attacks, the exposure to cyber risks has increased, making it crucial to treat cybersecurity as a key risk.
Promoting digital trust and the focus towards Cybersecurity is paramount for industry hence there is a need for building capacities amongst senior leadership, mid- level managers and employees in the area of cyber security. It is imperative to handhold industry towards building their organization’s cybersecurity strategy, which is crucial for protecting sensitive data, maintaining operational continuity, and safeguarding against evolving cyber threats.
In view of the above, CII-Digital is organizing a Series of Masterclasses on Cybersecurity with the focuson:Understanding the Cyber Threat Landscape, Data Privacy and Protection, Ransomware Response, etc.
We at CDT, help our member organizations execute digital processes, models, and connect with industry professionals to take complete advantage of a wide variety of digital technologies and innovations in a method that takes into account the ever-shifting digital landscape.