As India’s Fintech industry rapidly goes digital, it faces many cybersecurity challenges that need careful attention. Alok Agarwal Alankit highlights the importance of data security, saying, “Because digital financial services are so connected, they face a range of threats, from data breaches to complex cyber-attacks. Fintech companies handle sensitive customer information and financial transactions, making them prime targets for cybercriminals seeking illegal access and profit.”
The growing complexity of cyber threats and the rise of new technologies make cybersecurity even harder to manage.
According to the 2023 India Threat Landscape Report by the cybersecurity firm Cyfirma, India has become the biggest target for cyber-attacks globally, accounting for 13.7% of all such incidents.
Indian Entrepreneur 
Leave a comment