US-based startup Rubrik Inc plans to expand its business in India through acquisitions. The Microsoft-backed company aims to capitalize on the large-scale data and digital growth wave in the country. Rubrik, which focuses on cloud data management and data security, believes that the cybercrime business will be worth $10 trillion by 2025, making cybersecurity the third-largest economy globally. Rubrik’s chairman, co-founder, and CEO, Bipul Sinha, emphasizes the need for increased cyber defense in India as cyber attacks become more inevitable with the country’s digital growth and newly-announced laws. The company is also partnering with a cyber insurance provider in India to assist financial services companies. Rubrik launched a $10-million ransomware recovery warranty campaign in India, offering to cover expenses for restoring protected data if lost data cannot be recovered.
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