The NCRF will be a living document to be constantly updated to reflect new threats and technologies. Organizations can use the NCRF to improve their cybersecurity posture, reduce their risk of a data breach or any cybersecurity incident, ensure compliance with regulations, increase confidence with customers and enhance operational efficiency.

This decision was a result of an interactive consultation with industry stakeholders and top executive from nearly three dozen platforms and industry heads such as Flipkart, Zomato, Amazon, Meta, Google, etc. and the Retailers Association of India, NASSCOM, ONDC and Khaitan & Co. that took place in Mumbai on 13 June.

Lt Gen (Retd) Rajesh Pant, the national cyber security coordinator, said on Monday that the National Cyber Security Reference Framework (NCRF) 2023 has been approved and will be placed in public domain.

Over the years, India moved up the value chain, he said. But it can’t take its comparative advantage for granted. India has roughly 1,600 of the centers, more than 40% of the number worldwide, according to Nasscom, a trade body for the country s technology industry.

The CyberArk 2023 Identity Security Threat Landscape Report details how these issues have the potential to result in a compounding of cyber debt : where investment in digital and cloud initiatives outpaces cybersecurity spend, creating a rapidly expanding and unsecured identitycentric attack surface.

S J Haidar, additional secretary of the industry and mines department, office-bearers of Gujarat Chamber of Commerce and Industry (GCCI) and regional chambers, along with representatives of CII, Assocham and Laghu Udyog Bharti attended the meeting.

According to the prestigious Nasscom organisation, the number of women-led start-ups in India has experienced a remarkable surge, skyrocketing from 8% to an impressive 13% between 2014 and 2019.