#Cybersecurity #PiyushGoyal #RajyaSabha
Building better Cybersecurity for the country

Automation and centralisation of money and power in tech platforms has added a new dimension to democratic system of governance which was already in crisis. Climate change has turned out to be a many-headed hydra, we have not even been able to fathom out. The “dark side of technology” is rapidly coming to light and the double-edged technology is showing up. The tech enabled data domination creating unassailable economic power is now crystal clear. The growing ransomware attacks disrupts businesses for significant periods—or even forces them to suspend operations or close. A growing population of highly capable cyber extortionists is developing new means to counter defenses and to increase the level of disruption they can inflict, constantly. Threats are widespread, they extend across industry and the public/private sector and they affect large and small businesses alike.



Security leaders must understand and counter new ransomware challenges, strengthen defenses across people, processes and technology and demonstrate why security is critical to the business strategy. Ransom demands are growing and becoming more customized—with threat actors assessing who is more likely to pay. If ransoms are paid, it can open the door to further criminality. Experts says, by 2022, there will be as many as 18 billion devices connected to the Internet of Things, according to Ericsson’s IoT forecast. They are the bedrock of the Fourth Industrial Revolution and Business 4.0 – where data and automation combine to create opportunities for businesses, while also enhancing customer experiences. While the benefits are clear: faster innovation, new products, and better business opportunities, connection on such a scale also creates cyber vulnerabilities that expose customers to risk because each device and each connection represents an opportunity for a would-be hacker to inf.