Venture capitalists (VCs) are scaling their investments in cybersecurity based on advances in artificial intelligence (AI).
Artificial intelligence is playing a major role as security breaches remain high globally. VC firm Accel has already invested in several Indian cybersecurity companies, while other investors are expressing optimism about the sector.
Technological improvements at the global and national levels have increased the risk breaches , and addressing these threats has become a priority. Forecasts indicate that this sector will remain attractive for investment, with investment expected to increase. The McKinsey report notes that losses from cyberattacks are expected to reach approximately $10.5 trillion annually by 2025.
See also: Artificial Intelligence at the Center of Apple's Plans
The combination of AI and cybersecurity is expected to boost investment, with India playing a central role in these developments. However, despite the investments, businesses still face cyber threats, making investment in this area necessary.
According to experts and industry professionals, India has a significant advantage in the cybersecurity sector due to the large number of security, which makes it an attractive option for investment. There is a shift from services to products, where security engineers are returning to India. However, companies are facing challenges due to technological developments, regulatory issues and increasing cyber attacks.
Despite increased investments, it is expected, according to estimates, that the cybersecurity market in India will fully develop in 5-10 years.
Source: livemint.com
🔒 Protect your privacy with Proton VPN
Swiss VPN from the creators of Proton Mail — strict no-logs policy, strong encryption, and built-in NetShield that blocks ads, trackers, & malware.
- ✔ No-logs, based in Switzerland (except 14-Eyes)
- ✔ NetShield: blocks ads, trackers & malicious domains
- ✔ Covers all devices — free version available
The link is an affiliate link — SecNews may receive a commission at no additional cost to you. It does not affect the independence of our article writing.
