Bengaluru (PTI): The Indian cyberspace has seen nearly double the number of cyber incidents as compared to the global average, National Cybersecurity Coordinator MU Nair said on Sunday.
Addressing a session on Aligning Technologies to Future Conflicts' at the Synergia Conclave 2023, Nair said ransomware attack payments of nearly USD 1.54 billion have been made on an average over the past 10 months, which has doubled since 2022.
"These payments are just the tip of an iceberg since several of these incidents go unreported," he said.
Nair said the Indian cyberspace has seen cyber incidents at an average of 2127 times during the past six months, which is much more than the global average of 1108.
Nair said it's time for countries to rally together to contain and limit disruptive practices on cyberspace.
"There are a large number of initiatives in this direction under the UN and regional forums where nations are looking for solutions to cyberspace which is not confined to national boundaries," he said.
Nair said several international initiatives are addressing the evolving challenges of cybersecurity. One notable effort is the UN Group of Governmental Experts (UN GGE) on advancing responsible state behaviour in cyberspace, appointed by the United Nations General Assembly, he said.
In 2021, the UN GGE adopted a report that contributes significantly to the development of international cybersecurity, he said.
"Key recommendations from the UN GGE include the development of international norms and principles, promotion of international cooperation, and strengthening of national cybersecurity capabilities.
"Additionally, an ad hoc committee is collaborating on a comprehensive international convention to counter the use of ICTs for criminal purposes," he added.
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Jeddah: Indian Prime Minister Narendra Modi, made an important visit to Saudi Arabia, reaffirming the strong bonds between the two nations. As part of his diplomatic outreach, PM Modi engaged with prominent Indian business leaders based in the Kingdom, acknowledging their pivotal role in fostering economic growth and bilateral cooperation.
Among the key participants at the high-level meeting were Ashif Karnire, Chief Executive Officer of Expertise Group, and Anshif Karnire, Chief Strategy Officer, who met Prime Minister Modi during his visit. Their presence underscored the dynamic entrepreneurial contributions of the Indian diaspora to Saudi Arabia’s evolving economic landscape.
Other notable Indian business leaders in attendance included Yusuf Ali, Managing Director of Lulu Hypermarket, and Alisha Moopen, Group CEO of Aster Healthcare both represent influential enterprises that have played integral roles in the Kingdom's development across retail and healthcare sectors.
During the discussions, the leaders explored the significant contributions of the Indian community to Saudi Arabia, acknowledging their influential roles in the local economy.