EU cyber reliance expert notes need for more improving Sri Lanka’s cyber security environment
A group of cyber resilience exports have reportedly noted that despite Sri Lanka making significant strides in improving its cyber security environment there is a necessity for more funding, legislation, policy initiatives and awareness.
The experts have also noted that such efforts led by the Sri Lankan government could eventually lead to more foreign investments flowing into the country.
These sentiments were reportedly expressed at the 12th Annual National Conference on Cyber Security, which was organised by the Sri Lanka Computer Emergency Response Team (SLCERT) last week in Colombo. The event had drawn participants from the industry, government, academia and the international cyber security arena.
European Union (EU) Cyber Resilience for Development Project Leader Maurice Campbell had emphasised the importance of Sri Lanka improving its cyber security and pointed out that it would also increase the country’s investment opportunities.
A mature cyber security apparatus and high resilience in both the State and private sector was a significant consideration for investors when planning Foreign Direct Investment (FDI), Campbell has been quoted as saying in the local media.
“The ability to attract FDIs into the country for instance, especially into the financial sector, will depend on the existing cyber security environment and we can see that the Sri Lankan Government is committed to it.”
The EU Cyber Resilience for Development Project is currently assisting Sri Lanka draft it’s National Cyber Security Strategy.
Campbell has further noted that the EU had recognised the need for helping countries worldwide protect their vital infrastructure by boosting their resilience to cyber attacks and cybercrime and that the European collective was concerned about how disruptions caused by cyber threats could affect stability and peace across the globe.
“Sri Lanka was the first country to join the project,” he has added.
OSL take:
Sri Lanka’s ICT and digital infrastructure development sectors are fast emerging with business/investment opportunities for foreign businesses/investors. The government of Sri Lanka has also introduced many incentives to promote ICT and digital infrastructure sectors. Foreign businesses/investors could therefore explore business opportunities in Sri Lanka’s ICT and digital infrastructure development sectors.
| Article Code : | VBS/AT/22102019/Z_5 |