wordpress blog stats
Connect with us

Hi, what are you looking for?

‘National Cyber Security Strategy will have framework for cyber insurance’: Rajesh Pant

National cyber Security Coordination Lt Gen. Rajesh Pant
National cyber Security Coordination Lt Gen. Rajesh Pant

India's upcoming National Cyber Security Strategy will deal with cyber insurance, Lt Gen. (Dr) Rajesh Pant, the National Cyber Security Coordinator, said on Monday. He reiterated that the much awaited Strategy is in the final stages of approval, and will deal with subjects such as indigenisation of technology and decentralisation of cybersecurity responsibilities. It is also expected to have provisions for funding cybersecurity work. Pant was speaking at the event "CyberComm: Cyber Security for Atmanirbhar Bharat", organised by the Federation of Indian Chambers of Commerce and Industry (FICCI). He said the the National Cyber Security Strategy is currently being considered at the "highest level" awaiting signatures. The five-year Strategy (2020-2025) has been in the works since 2019 and will succeed India’s 2013 cybersecurity policy. Pant had earlier said that the Strategy is just awaiting nod from the Cabinet and will hopefully be out in October. Policy will recommend legislative framework for cyber insurance Pant said that the the policy will include a legislative framework for cyber insurance. Cyber insurance is an under-explored concept in India. In an April 2019 report, the Data Security Council of India (DSCI) had noted that only 350 cyber insurance policies had been sold in 2018, accounting for a yearly cyber premium of just ₹80-100 crore. A more recent report from July 2020 by the Financial Express put this figure at ₹200-220 crore during the previous financial year, while the share of the overall insurance premiums in the country amounted to ₹1.89 lakh core. A detailed policy…

Please subscribe/login to read the full story.
Written By

MediaNama’s mission is to help build a digital ecosystem which is open, fair, global and competitive.

Views

News

Amazon announced that it will integrate its logistics network and SmartCommerce services with the Open Network for Digital Commerce (ONDC).

News

India's smartphone operating system BharOS has received much buzz in the media lately, but does it really merit this attention?

News

After using the Mapples app as his default navigation app for a week, Sarvesh draws a comparison between Google Maps and Mapples

News

In the case of the ‘deemed consent' provision in the draft data protection law, brevity comes at the cost of clarity and user protection

News

The regulatory ambivalence around an instrument so essential to facilitate data exchange – the CM framework – is disconcerting for several reasons.

You May Also Like

News

Google has released a Google Travel Trends Report which states that branded budget hotel search queries grew 179% year over year (YOY) in India, in...

Advert

135 job openings in over 60 companies are listed at our free Digital and Mobile Job Board: If you’re looking for a job, or...

News

By Aroon Deep and Aditya Chunduru You’re reading it here first: Twitter has complied with government requests to censor 52 tweets that mostly criticised...

News

Rajesh Kumar* doesn’t have many enemies in life. But, Uber, for which he drives a cab everyday, is starting to look like one, he...

MediaNama is the premier source of information and analysis on Technology Policy in India. More about MediaNama, and contact information, here.

© 2008-2021 Mixed Bag Media Pvt. Ltd. Developed By PixelVJ

Subscribe to our daily newsletter
Name:*
Your email address:*
*
Please enter all required fields Click to hide
Correct invalid entries Click to hide

© 2008-2021 Mixed Bag Media Pvt. Ltd. Developed By PixelVJ