Cyber security in India to face increased threats post demonetisation, says former Nasscom chairman

Cyber security in India may face increased threats as digital connectivity enhances following demonetisation of Rs 500 and Rs 1000 notes, said BVR Mohan Reddy, former Nasscom chairman.
“With the increase in digital connectivity and with demonetisation, cyber security becomes a crucial element for India,” a statement quoting Reddy, also the Founder and Executive Chairman, Cyient Limited said today. “There is an existing requirement of 5 lakh cyber security professionals in India, which will grow in the coming years,” Reddy said. On the IT and ITeS industry trends and prospects in 2017, he said, skilling will play a role in transforming the organisation into digital enterprise and the digital technology which is grouped as SMAC (Social, Mobile, Analytics and Cloud), contributes to 5-10 per cent of the industry revenue. However, it is anticipated that the digital solutions will touch 60 per cent in 5-10 years.