Cyber crimes in India caused Rs 1.25 trn loss last year: Official

Cyber crimes in India caused Rs 1.25 trillion loss in 2019 and cyber threats will continue to increase as the country starts developing smart cities and rolling out 5G network, among other initiatives, National Cyber Security Coordinator Lt Gen (Dr) Rajesh Pant said on Tuesday.

He said that there are only a few Indian companies who are making some of the cyber security products and there is a big vacuum in the sector.

Further, Pant called for setting up a dedicated industry forum for cyber security to develop trusted indigenous solutions to check cyber attacks.

"Last year, our official figures were Rs 1.25