Need New Strategy To Counter Cybercrime In AI Backdrop, Feels Parliamentary Panel: Sources

"The committee believes that in the wake of the fast-evolving technological landscape, including the emergence of new disruptive technologies like AI, it is imperative that a three-to-five-year strategy be formed," sources said.

India needs a five-year strategy to counter cybercrime as new technological breakthroughs, including artificial intelligence, become part of everyday life. Sources said the Parliamentary Committee on Finance will submit a detailed report on this issue in parliament in the monsoon session.

"The committee believes that in the wake of the fast-evolving technological landscape, including the emergence of new disruptive technologies like AI, it is imperative that a three-to-five-year strategy be formed to put in place effective preventive steps against future attempts at cyberattacks and cybercrimes," sources told NDTV today.    

In May, a report by cybersecurity firm Check Point suggested that the number of cyberattacks in the first quarter of 2023 increased by 7 per cent globally with the emergence of artificial intelligence tools like ChatGPT. Reports say in India, over 1,200 cyberattacks took place in a week -- up by 18 per cent. More than 500 million attacks were blocked in the first three months of 2023.

The committee had a meeting today with senior officials of Paytm, Flipkart, Apple, Punjab National Bank, Bank of India in Parliament to discuss issues related with cybercrimes and cyber security.