Ashwini Vaishnaw, Union Minister for Electronics & IT, Communications and Railways, and Rajeev Chandrasekhar, Union Minister of State for Electronics & IT, Skill Development and Entrepreneurship, felicitated the winners of the Cyber Security Grand Challenge – a first-of-its-kind Cyber Security challenge to promote innovation and entrepreneurship in the country.
The winners of Grand Challenge were awarded with a trophy each and cash prize money of Rs. 1 crore to the winner, Rs. 60 lakh to the first runner-up and Rs. 40 lakh to the second runner-up.
Cyber Security Grand Challenge winners:
Winner – SecurelyShare Software Pvt. Ltd. – Development of Automated System to enable Privacy Preserving Analytics/Forensics
1st Runner-up – Payatu Security Consulting Pvt. Ltd. – Assurance of Security of Hardware Devices, Products and Components
2nd Runner-up – Monoxor – Securing Microservices and Services Mesh Architecture
The Cyber Security Grand Challenge was launched jointly by Ministry of Electronics & IT (MeitY) and Data Security Council of India (DSCI) on 15thJanuary 2020 with a total prize money of Rs. 3.2 crore and a goal to promote a culture of innovation and entrepreneurship spirit by building key cybersecurity capabilities in the country and contribute to strengthen the cyber security posture of the nation.
Under the aegis of this initiative, Cyber Security start-ups from India are being incentivized to innovate and build solutions that can be adopted in India and taken to global markets as well. The challenge focused on strengthening the cyber security capabilities of the country and development of solutions to benefit the people and society. Innovations in cyber security through such initiatives will help to mitigate cyber threats and secure the cyberspace which will in turn safeguard business landscape and citizens of India.
In his keynote address, Ashwini Vaishnaw said, “We are living in a connected world today and there is a clear convergence of computing, communication, and sensors. These three technologies have not only reduced cost but increased capabilities and complexities. Most systems today, whether industrial, manufacturing or banking, are controlled digitally where vulnerabilities have grown multifold. Entry points are no longer well defined and to secure our infrastructure, we have to be at least one step ahead of those who want to compromise the systems.”
Rajeev Chandrasekhar said, “The Prime Minister’s vision for Digital India has three broad outcomes: Technology and Internet empowers and changes the lives of Indian Citizens; Technology expands opportunities in our economy; Technology creates strategic capabilities within our country. Cyber Security falls at the intersection of the 2nd and 3rd point, as it drives the expansion of the digital economy and creates opportunities and investments; and is also at the heart of addressing serious strategic capabilities that the country requires to safeguard the Internet by assuring safety and trust.