Cyber crimes in India caused Rs 1.25 lakh crore loss in 2019: Official
Cyber crimes in India caused Rs 1.25 lakh crore loss in 2019 and cyber threats will continue to increase as the country starts developing smart cities and rolling out 5G network, among other initiatives, National Cyber Security Coordinator Lt Gen (Dr) Rajesh Pant said on Tuesday. He said that there are only a few Indian companies who are making some of the cyber security products and there is a big vacuum in the sector.
Further, Pant called for setting up a dedicated industry forum for cyber security to develop trusted indigenous solutions to check cyber attacks. “Last year, our official figures were Rs 1.25 lakh crore lost due to cyber crimes in India. Ransomware attacks are increasing everyday and these criminals have been working from home. They have no qualms. They are heartless people. They are attacking hospitals because they know in an emergency hospitals will pay,” Pant said at an event organised by industry body Ficci.