India needs stringent strategy for cyber security: DSCI-PayPal India report

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cyber securityIndia needs to undertake stringent measures to curb the menace of cyber security, suggested a joint study conducted by Data Security Council of India and PayPal India.

This is one of the recommendations revealed in the report named Securing India’s Digital Payment Frontiers’, released yesterday.

The major objective of the study was to emphasise on India’s journey in terms of digital payments and cyber security scenario. It analysed policies, regulations, standards, emerging trends and the best practices among the entrepreneurs.

The report will help in shaping various policies and endeavours in the coming years, Gulshan Rai, National Cyber Security Coordinator, Government of India.

 “Considering the pace at which fintech revolution is transforming India and the success witnessed in digital payments momentum, it is absolutely critical that stakeholders give attention to a comprehensive cyber security strategy and framework,” said Rama Vedashree, CEO, DSCI .

Rama Vedashree had been a part of 2nd BFSI Cloud & Security Summit, organised by Elets Technomedia , in Mumbai on 22 February.

While delivering her inaugural speech during the conference, she spoke about the role portrayed by new technologies and its growing acceptance in the banking and financial sector.

She also elaborated the rising significance of blockchain and its collaboration with external interfaces.

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