Focusing exclusively on cyber security, Technology Business Incubator of the Amrita University and its Centre of Cyber Security Systems and Networks (CCSN) have set up India's first startup hub.
The initiative will bring together research, funding and industry on the same platform to build the next wave of cyber security startups in the country.
Krishnashree Achuthan, CEO, TBI, pointed out 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. The new Amrita University Cybersecurity Startup Hub will enable to usher in a new era of innovation, research and startups in the field of cyber security.
Cyber security, according to him, is estimated to be a $70 billion industry worldwide, with an annual loss of $400 billion due to cyber crime and threats. This loss is expected to shoot up to $2 trillion by 2020.
India witnessed an estimated 50,000 cyber security incidents in 2015. More than 26,000 websites have been defaced and 91 lakh infected systems have been detected in the country till now. However, 80 per cent of all cyber crimes go unreported. Without strong software security and protection techniques, all software-based systems are vulnerable to devastating attacks from hackers and spies, he said.
The Startup Hub will promote indigenous product development, audit and compliance testing, and creation of test beds that replicate the Internet and enterprise environments. The focus areas will include mobile, cloud, cyber-physical systems, digital forensics, cryptography, malware analysis, and so on.
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