In the rapidly evolving digital world which encompasses the businesses also, the emerging challenges have also multiplied. Cyber Security is one such major challenge. Apart from other aspects of business, it has become more and more important to watch out for data-theft. In this digital era, data is the real wealth which needs to be protected actively.
In this context, there is huge scope in this new industry called cyber -security. Awareness to the need to employ cyber-security measures is minimum. Only 10-15% of the businesses in Gujarat take help of cyber-security professionals, when Gujarat ranks 3rd in the country after Maharashtra and Delhi when it comes to cyber fraud. Daily more than 500 cyber frauds are committed in Gujarat. Total average annual loss due to cyber fraud in India is estimated to be around Rs. 25000 crores.
In view of these, market for cyber security is expanded like never before and currently valued at Rs.1.5 lakh crores globally. in Gujarat, the market is of around Rs.7500 crores. Industry is growing at the rate of more than 25%.
