Amrita University Sets Up India’s First CyberSecurity Startup Hub

Amrita University Sets Up India’s First Cyber-security Startup Hub

The Amrita University’s Center for Cyber security Systems and Networks (CCSN) and Technology Business Incubator (TBI) joined hands to set up India’s first startup hub  for cyber-security.

This initiative will lead to Research and development on the cyber-security.

Amrita University Sets Up India's First Cyber-Security Startup Hub

The CEO of TBI Mr. Krishna shree Achuthan stated that,

 “There are more than 4,000 startups in the country today, but less than 100 operate in the field of cyber-security and build related products. With wars being fought every minute across the world in cyberspace, cyber-security has become a strategic national priority.”

“India needs to tackle this challenge from both an economic and military perspective,”.

Amrita University Sets Up India’s First CyberSecurity Startup Hub

The cyber security industry is about $70 billion worldwide. The rise of Internet of Things (IoT) and cloud storage has created a host of new threats. India alone has encountered about more then 50,000 cyber crimes in the past year.

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The retired Director General of Micro Electronic Devices at DROD stated that

Cybercriminals are now using ransomware to make money. This malware blocks access to a computer system until money is paid. It has proved to be an exceptionally lucrative business. Hackers can also exploit wearable devices. For example, they can hack smart watches to track hand movements and judge the pin code the user entered into an ATM

At the 7th International Summer School on Information Security and Protection (ISSISP), the first of its kind five-day workshop starting Wednesday, inaugurated at Amrita University, Bengaluru campus, the speakers said that cyber-security is a $70 billion industry worldwide with a lot of scope in India. The rise of Internet of Things (IoT) and cloud storage has created a host of new threats.

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