What Budget 2024 can do to strengthen the cybersecurity sector in India
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The technology industry's expectations in the run-up to the budget underscore the indispensable role of digital infrastructure, identity, and security in India’s ambitious journey towards becoming a global technology hub.
A key element of this journey is the Digital Personal Data Protection (DPDP) Act, a kickstart to ethical AI adoption. The industry recognises the DPDP Act as a foundational step toward enforcing responsible data practices, ensuring a balance between fostering innovation, and regulating data usage.
With penalties for unethical use, the DPDP Act sets the stage for a secure and compliant digital environment. Implementing and enforcing the DPDP Act will be crucial in aligning the country more closely with international privacy standards.
Deepfakes and AI: A growing threat demanding enforcementRecent events, like the incident in Lucknow where a woman was defrauded of Rs 32,000 by cybercriminals using AI to mimic her voice, highlight the escalating danger of deepfakes and AI manipulation.
The increasing concern of the government regarding KYC scams involving deepfakes further emphasizes this threat. The finance ministry's directive to banks to be ready for deepfake risks indicates the need for enforcing cybersecurity measures.
Budget 2024 should allocate resources for education, policy-making, R&D and adopting robust cybersecurity measures capable of detecting and preventing incidents where individual voices are cloned to deceive people.
Research and development: bedrock of cybersecurity excellence
A forward-looking cybersecurity strategy demands continuous research and development (R&D) efforts. Budget 2024 should allocate funds for cybersecurity R&D projects, fostering collaboration
