"In the year 2004, we had only 23 incidents (of cyber crime). Last year we had about 72,000 incidents. Media reports show as to how cyber attacks are done to completely immobilise the financial infrastructure, information infrastructure," Prasad said at cyber security event organised by The Observer Research Foundation and industry body Ficci.
As per government's cyber security arm Computer Emergency Response Team-India (CERT-In) 62,189 cyber security incidents were reported in just the first 5 months this year.
Prasad expressed concern over the absence of technical and legal infrastructure to catch cyber criminals, as also the lack of mechanism to check the unhindered growth of network of infected computer systems and flow of global information to check cyber crimes.
"There is great imperative to have proper ecosystem where there is meaningful cooperation. It is very important that information is properly shared. It is equally important that there must be mechanism for accountability in place in respect to crimes committed in cyber space," he said.
He said India will support the framework of Internet governance which must be inclusive and democratic.
British Member of Parliament and Secretary of State for Culture Sajid Javid at the event said multi-stakeholder model, both to governance and security, is the single best solution to the challenge cyber crimes, Prasad said.
He said the UK government has spend almost a billion pound under its Cyber Security Strategy.
"It's a great opportunity for world leaders to come together and confront the criminals. I look forward to India taking part. We must ensure that the Internet is safe, secure and successful, but we cannot allow that to be an excuse for further government control of cyberspace," Javid said.
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