Sri Lanka Cabinet approves second 5-year cyber security strategy
EconomyNext: Sri Lanka’s Cabinet of Ministers has approved the second five-year Cyber Protection Strategy from 2025-2029 with an aim to upgrade the legal regulatory framework, the government said.
The move comes after the island nation’s first five-year Information and cyber protection strategy of Sri Lanka is completed in 2023.
“The Computer Emergency Readiness Team (Sri Lanka CERT) has prepared the National Cyber Protection Strategy for Sri Lanka – 2025-2029 on cybersecurity based on the first Cyber Protection Strategy with the assistance of the World Bank,” the government said in its Cabinet decisions.
The strategy has been drafted based on the “theme fields, upgrading the legal regulatory framework, increasing knowledge, enhancing the readiness of cybersecurity, strengthening response capabilities, and increasing cooperation in a way that covers only the civilian sectors of cybersecurity in Sri Lanka”.
OSL take:
Sri Lanka’s ongoing economic activities and overall economic expansion in line with the target of achieving hub status in the South Asian region have expanded the country’s ICT and digital infrastructure development sectors and thereby the cyber security sector as well. With the Sri Lankan government focusing on transforming the country into an e-economy through an ambitious programme to drive the digital economy, there has been an expansion in the business/investment opportunities in Sri Lanka’s, ICT and digital infrastructure development industries as well as sectors related to it like cyber security and technological innovations in the research and development field. All these developments indicate an impressive expansion in these sectors in Sri Lanka given the need to be on par with the fast-evolving global developments in the fields of ICT and digital infrastructure development as well as related sectors. Given the growth and profits recorded by businesses already engaged in Sri Lanka’s ICT, digital infrastructure development and related sectors, foreign businesses/investors could confidently explore the expanding business/investment opportunities in these sectors.
| Article Code : | VBS/AT/20250716/Z_1 |