Strategy 2020 • Recognizing and acknowledging the efforts in technical standard making • Promoting campaigns of attracting the attention of the product and deep tech companies to the standard making initiatives • Keeping a close watch on the global efforts of developing standards and bodies and institutions involved to identify the essential standards that are vital strategic and commercial interests • Developing capability in the existing bodies or create a new institutional mechanism for raising India's participation in the standard making initiative Cyber insurance: Cyber insurance is evolving as one of the key instruments of cyber risk management. The global cyber insurance market would be reaching USD 22.4 billion by 2024 from USD 4.2 billion in 2017. The cyber insurance market in India is its early stage, although it's catching up the pace. There is a need for a concerted national effort to develop a market for cyber insurance in the country. • Spreading awareness of cyber insurance among industry, public sector, and SMB sector • Prompting development of actuarial science for addressing complex cybersecurity risks that factor nuances of industry sectors, specific business and technology scenarios, threat exposures, and types of coverage • Driving consultation with stakeholders such as infrastructure owners and operators, insurers, chief information security officers (CISOs), and risk managers • Promoting measures for developing repositories of cyber incidents and sharing information to support actuarial decision making • Promoting the development of skills and expertise in risk management, cyber actuarial science, assessments, and forensic investigations • Advocating development of cyber insurance products for critical information infrastructure especially for SCADA/OT environments • Promoting the science of risk quantification and measurement. Incentivizing enhancement in the risk management rating/measures • Advocating the development of cyber insurance products for the SMB sector • Ensuring the development and growth of the cyber insurance market and closely monitoring the adoption Brand India: A long experience of global delivery of IT and business services, aggressive efforts for the digital economy hence growing domestic market, rising export of cybersecurity services, emerging security start-ups, and preferred destination for moving global security engineering operation are making India a global force in the domain of cybersecurity. India has A NASSCOM® Initiative