Saket Modi

There is a Need for Standardization in Cybersecurity: Saket Modi, Co-founder and CEO, Lucideus

Saket Modi, Co-founder and CEO, Lucideus said that there is a lack of standardization when it comes to cybersecurity, which is needed especially in the current scenario

While cybersecurity is generally considered to be the backbone of deep technologies, there are currently no measures to rate the solutions being offered in the domain. There is a need for standardization in cybersecurity that is lacking at present, said Saket Modi, Co-founder and CEO, Lucideus.

“Let’s take the recent example of Twitter being hacked. Imagine if Twitter, which is a Silicon Valley-based company with digital native coders, programmers, and top technology, can get hacked then where do other solutions or industries stand? And it wasn’t just one, but dozens of high profile accounts that were hacked,” said Saket.

He added that there needs to be a measure to rate cybersecurity solutions being offered as ‘good cybersecurity’. “When we walk into a hotel, we know the difference between a 5 star and 3 star service. We need a similar one for cybersecurity as well,” he said while stating that mere compliance laws are not adequate.

“Standardization, quantification, and a common language wherein people or the industry at large can understand the Capability Maturity Model (CMM) level from 1 to 5 is missing in cybersecurity. This is something the whole industry needs to come together for, and work upon,” observed Saket.

The standardization, Saket feels, will be present in both India and at the international level as, for example, the country is soon coming up with the Data Protection Act. “The laws of each country, and the sensitivities of understanding data privacy are very different as you move across geographies; however, there still needs to be a central body that defines the limits of standardization or of acceptable risk,” he said.

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