Ending Soon! Save 33% on All Access

Government To Extend Deadline For Cybersecurity Norms This will apply to micro, small and medium enterprises (MSMEs) as well as small and medium enterprises (SMEs)

By Teena Jose

Opinions expressed by Entrepreneur contributors are their own.

You're reading Entrepreneur India, an international franchise of Entrepreneur Media.

Pexels

The minister of state for electronics and IT Rajeev Chandrasekhar, reportedly said that, the government likely to extend the deadline for complying with its cyber security directives by three months. He also added that this will apply to micro, small and medium enterprises (MSMEs) as well as small and medium enterprises (SMEs).

"We are very clear. We will not make SMEs or MSMEs bear the burden of this additional compliance until they are ready," said Chandrasekhar in a statement.

According to reports, the Indian computer emergency response team (Cert-In)'s April 28 guidelines stated that it requires all companies, intermediaries, data centres and government organisations to report any data breach to the government within six hours of becoming aware of it. It has also mandated the virtual private network (VPN) service providers to maintain all the data and information they had gathered as part of know-your-customer (KYC) rules and should give it over to the government as and when required.

Later on, according to the sources, it is reported that though larger companies and VPN providers have complied with the directive released by the government, some SMEs and MSMEs have reasoned out that there were adequate human resources to comply with the cybersecurity norms.

A government official, in a news report was quoted as saying, "One problem that we have been made aware of several times is that there is a lack of cost-effective human resources in the country. Some of the other requirements, such s maintaining data for three years, is also adding to their operational cost. While it is difficult to relax these norms, we have given additional time and will meet them to figure out a solution."

However, the government is more flexible to the needs of the SMEs in compliance with the new directive and as per reports, this is the second extension in the compliance of deadline for SMEs and MSMEs by the ministry.

Teena Jose

News Desk Reporter with Entrepreneur India

Teena is a post graduate in financial journalism. She has an avid interest in content creation, digital media and fashion.
Thought Leaders

Need More Confidence? These 10 Bestselling Books Will Help Improve Your Self-Esteem

Self-esteem can be hard to come by and even harder to maintain. To give yourself a boost, try these authors' words of wisdom.

News and Trends

Navigating the Boom: How Investors Are 'AI-ing' Big in India

While the startup ecosystem tries to leave the funding winter behind, the AI startups and investors are having a pleasant time

Business Ideas

63 Small Business Ideas to Start in 2024

We put together a list of the best, most profitable small business ideas for entrepreneurs to pursue in 2024.

News and Trends

Collective Artists Network Secures Investment from Nikhil Kamath

The investment is a secondary transaction, that is poised to open the road to a '5X' return, thanks to a strategic exit for InMobi's Glance, which had an investment in Collective dating back to 2021.

Growth Strategies

Green Hydrogen Adoption: Where Does India Stand?

The cost disparity poses a challenge to the widespread adoption of green hydrogen, especially in sectors where cost competitiveness is crucial.

Side Hustle

The Side Hustle He Started at Age 15 Led to a $4 Billion Boon for Small Businesses: 'They Would Take a Chance on Me With Their Hard-Earned Money'

Nic Beique asked his local barber, gym and more if they'd like him to build a website for their businesses.