The Anticipated Cost of Setting Up an Integrated Cybersecurity Solution Lab is ₹89.4 Cr -

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Panaji, Goa: At an estimated cost of ₹89.4 crore, the state government approved the establishment of an integrated cybersecurity solution lab on Wednesday for the purpose of analyzing, detecting, and responding to cyber threats and attacks, including malware.

The National Forensic Sciences University Research and Innovation Council (NFSU-RIC), a Ministry of Home Affairs institution in Gandhinagar, Gujarat, was chosen by the state cabinet to serve as the implementation agency for the establishment and execution of integrated cybersecurity solutions. This includes an analysis, detection, and response lab for cyber threats and attacks, as well as a Center of Excellence in Cybersecurity.

The project management unit will be run by Goa Electronics Limited (GEL), which is expected to spend ₹1.7 crore annually and ₹89.4 crore over five years.

According to the cabinet, technological innovation is having a significant impact on business and government worldwide in the age of a growing digital world. New governance issues arise as a result, such as the increase in cybercrime, which poses serious problems for law enforcement.

The idea of the virtual world, or cyberspace, was not there when the current laws were drafted. People are spreading false information more easily as a result of social media use.

According to the cabinet, fraudsters are taking advantage of these technological advancements to jeopardize data security and privacy, as well as the integrity of vital infrastructure. There are no indications that these attacks will decrease in any way in the future, which emphasizes how crucial it is to fortify cyberspace with increased security using new instruments, technology, and regulations.

According to the cabinet, governments worldwide and in every industry are dealing with hitherto unseen cyber threats. The prevalence of malware, viruses, distributed denial-of-service attacks, and other threats is growing daily. Regulations pertaining to data security and other compliance needs are also becoming more prevalent. Governments everywhere face difficulties in maintaining peace and order as a result.

The cabinet emphasized that NFSU-RIC is a leading university committed to developing teaching and research in digital investigations, cybersecurity, and forensic sciences.

About The Author:

Yogesh Naager is a content marketer who specializes in the cybersecurity and B2B space. Besides writing for the News4Hackers blogs, he also writes for brands including Craw Security, Bytecode Security, and NASSCOM.