Industry should collaborate with Government in tackling cyber crime, according to K T Ramarao, Minister for IT and Panchayat Raj, Government of Telangana.

He was addressing the delegates at the inaugural session of a conference on cyber security organised by the Confederation of Indian Industry here on Friday.

As the industry was constantly working on the issue, a collaborative approach would be very useful in ensuring a sound policy work, the minister said.

R Srinivas Rao, Head, Hyderabad centre of Wipro and convenor of CII panel on information technology, said a digital underground economy was thriving illegally by obtaining financial data.

Cyber fraudsters were increasingly targeting small and medium enterprises and there was a drastic increase in the number of attacks.

To mitigate risks, companies need to focus on technology and processes of intruder viruses in addition to traditional defence practices, Rao added.

T Krishna Prasad, Additional Director-General, Crime Investigation, Government of Telangana, said there was a need for collaboration between the industry, government and stakeholders.

The need of the hour was also to create awareness and preventive steps. Special caution should be exercised at the entry and exit of employees in companies, the official added.

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