Need of a Geospatial Approach to Cybersecurity | #cybersecurity | #cyberattack

Worldwide cyber security market is poised to grow to $158 billion dollar by 2023. And if we look at the staggering annual loss due to cybercrime, then we are eyeing an alarming future, if things are not set right. As per some estimates, the global cost of cybercrimes could run in trillions by 2025. Clearly, this calls for concerted action, vision, and tech innovation

“Cloud has disrupted everything, which presents both threat and opportunity. Increased remote work post-Covid has also increased the need for cyber security”, says Jasbir Singh Solanki, CEO – Homeland & Cybersecurity, Mahindra Defence.

“Any company that offers solutions and services and has a digital footprint, or uses algorithms is today a software company, no matter whether it operates in logistics or retail. That’s why the need to ensure a layered cyber defense mechanism as there’s no ‘Google’ of cybersecurity”, he added.

Another important pillar of cybersecurity that gets overlooked in the din around it, is a robust legal framework and a collaborative approach.

In India there are a maze of laws and cybersecurity is covered under the IT Act 2000, but there’s no national geospatial policy or guideline, which prevents a multi-dimensional understanding of cybersecurity from a geospatial prism.

“India lacks a dedicated law on cybersecurity. Moreover, even globally there’s no binding international law on it”, said Dr. Pavan Duggal, Chairman, International Commission on Cyber Security Law.

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