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...The move towards a digital economy is likely to help trigger a fresh wave of economic growth, attract more investment, and create new jobs, across multiple sectors. More From Livemint » However, it also poses a big challenge, that of cybersecurity. With the move towards a digital economy, increasing amount of consumer and citizen data will be stored digitally and a large number of transactions will be carried out online, by companies, individuals as well as government departments. That makes India a bigger target for cyber-criminals and hackers. Various stakeholders, especially Indian companies, need to be better prepared to handle this threat. Growing threat The cost of cyberattacks in India currently stands in excess of Rs25,000 crore ($4billion). ...Live Mint on June 30, 2017, 12:56 a.m.