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

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Government spending to strengthen cybersecurity has multiplied by several in six years

There has been a huge jump of 389% in the government’s allocation of funds to strengthen cybersecurity between 2015-16 and 2021-2022, even as a national strategy on the sensitive issue is in the works.

The Ministry of Electronics and Information Technology spent 416 crore rupees to improve cybersecurity measures across the country in the current fiscal year (through June 2021), an increase of 389% than 85 crore rupees he spent in 2015-16 for the same purpose.

At the same time, Rs 416 crore spent so far in 2021-22 is 34% more than Rs 310 crore spent in 2020-21 to strengthen cybersecurity.

The multiple increase in funds allocated to cybersecurity measures, sources said, underscored the government’s emphasis on the strategic issue.

Interestingly, there was a slight decrease in the allocation of funds to strengthen cybersecurity in 2016-17, when only Rs 70 crore was allocated compared to the Rs 85 crore released in 2015-16. . However, in 2017-2018 the allocation of funds increased by 100% when Rs 140 crore was released. Since then, the allocation for this has been in triple digits, according to official data.

With the national cybersecurity strategy also in the final stages of approval, sources added that it could be finalized soon.

In fact, Minister of State for Defense Ajay Bhatt, in a response to a written question, told Parliament during the recently concluded monsoon session that the government had authorized the creation of a cyber defense agency to counteract cyber attacks.

He also informed that the three defense services had set up their respective cyber emergency response teams to counter digital threats.

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