Funds For Cyber Security Beef Up Rose By 389% Since 2015-16

Government spending on boosting cyber safety has seen a multi-fold improve in six years

There has been a whopping 389 per cent soar in allocation of funds by the federal government for strengthening cyber safety between 2015-16 and 2021-22, at the same time as a nationwide technique on the delicate problem is within the works.

The Ministry of Electronics and Information Technology has spent Rs 416 crore in direction of enhancing cyber safety measures throughout the nation through the present monetary 12 months (until June 2021), which is 389 per cent greater than Rs 85 crore which it had spent in 2015-16 for a similar goal.

At the identical time, Rs 416 crore spent until now throughout 2021-22 are 34 per cent greater than Rs 310 crore which was spent in 2020-21 for strengthening cyber safety.

The multi-fold improve in fund allotment for cyber safety measures, sources stated, underlined the federal government's deal with the strategic problem.

Interestingly there was a slight dip in funds allocation for enhancing cyber safety in 2016-17, when solely Rs 70 crore have been allotted in comparison with Rs 85 crore launched in 2015-16. However in 2017-18 there was a 100 per cent soar in allotment of funds when Rs 140 crore have been launched. Since then, the allotment for the aim has been in three figures, in keeping with official information.

Also with the nationwide cyber safety technique within the remaining phases of approval, sources added that it might be finalised quickly.

In truth Minister of State for Defence Ajay Bhatt in a reply to a written query had stated in Parliament through the not too long ago concluded Monsoon session that the federal government has okayed formation of a defence cyber company to counter cyber assaults.

He had additionally knowledgeable that each one three defence companies have arrange their respective cyber emergency response groups to counter digital threats.