A seminar on “Cyber Security, Crime &
Insurance: Current Scenario and Way Forward” held here on Friday under aegis of
PHD Chamber of Commerce and Industry has revealed that India Inc. even now is
barely prepared to combat the repeated onslaught of persistent cyber crimes and
thus needs to be sufficiently awakened to plug consequences of such crimes with
adequate training to its IT and security personnel with plenty of
infrastructure pertaining to tools, equipment and devices.
It has also concluded that in the absence of
stringent laws and even suitable legislations, the cyber crimes are persisting
with little remedies since law enforcing agencies are unable to tackle such
acts with sufficient prosecution and conviction, the primary reason attributed
to this failure is lack of either awakening or adequate training.
The fallouts and repercussions of this
scenario have not allowed the cyber insurance sector to evolve with positivity
or objectivity. The awareness of the
threats facing industry and trade due to the seriously growing cyber crime must
percolate down the order and reach all general insurance companies, routed
through IRDA & SEBI. The insurance
companies need to put more coverage emphasis with the industry clients and the
Chamber shall encourage this objective and facilitate betterment of the
industry’s risk mitigation and protection.
Those who made the aforesaid observations
during the seminar comprised Joint Commissioner of Police (Special Cell),
Delhi, Dr. Madan Mohan Oberoi; Managing Director, Ace Insurance Brokers (P)
Limited, Mr. Anil Arora; Dy. Director General, International Institute of
Security & Safety Management, Maj. Gen. Rajesh Arya, VSM & BAR (Retd.);
Sr. Vice President, PHD Chamber, Mr. Anil Khaitan including Co-Chairman,
Insurance Committee, PHD Chamber, Mr. S K Sethi and its Director, Mr. Debjit
Talapatra.
Not only India lacks the required laws and
regulations to strangulate the origin of cyber crimes, it and its industry has
yet to arouse themselves to plug the loopholes in the cyber crimes which today
concern each and every Indian whose data could be stolen by hackers as they are
step ahead from the monitoring agencies.
This is the situation that prevails largely in developing world though
the developed world is equally threatened with this menace.
The Seminar was organized keeping in view the
criticalities arising out of cyber crimes that have threatened the entire world
and the way forward suggested was adoption and adaption of technologies by the
masses with sufficient precaution and equally through cementing cooperation of
all countries world over.
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