Indian Government Taps Google To Help With Cybersecurity

From StockNews.com: India’s government has realized it’s ill-equipped to handle the onslaught of hackers in the 21st century, and has tapped Alphabet Inc (NASDAQ:GOOGL) child company Google to help out.

The move comes amid high-profile hacks of Yahoo, Target, and other massive American firms in recent years. From Mashable:

India’s outspoken IT, Law and Justice Minister Ravi Shankar Prasad today requested Sundar Pichai to make Google more involved with India’s cyber security efforts.

“In a larger push, I want Google to be involved in a more meaningful way. The more digital we go, the more challenges there will be in terms of cybersecurity,” Shankar said onstage at an event where Pichai announced Digital Unlocked initiative for India’s small and medium sized businesses.

“Google is as much an Indian company as American. The sheer number of people in India who have accepted you means you have an obligation for India as much as you have for the United States,” Prasad continued.

The feeling is reciprocal. Google recently unveiled plans to bring free internet access to over a billion users worldwide, with hundreds of millions of those residing in India. It’s already partnered with Indian rail companies to provide access via certain train stations, with many more on the way.

Alphabet Inc shares were unchanged in premarket trading Wednesday. Over the past year, GOOGL has gained 3.86%, versus a 13.12% rise in the benchmark S&P 500 index during the same period.

GOOGL currently has an StockNews.com POWR Rating of A (Strong Buy), and is ranked #1 of 44 stocks in the Internet category.

This article is brought to you courtesy of StockNews.com.

You are viewing an abbreviated republication of ETF Daily News content. You can find full ETF Daily News articles on (www.etfdailynews.com)

Powered by WPeMatico