Combating cyber crime need of hour: Experts

With data becoming easily accessible to all and unregulated flow of information gaining exponential momentum, the crucial question of safety in a cyberspace is concerning authorities in the State.

“80 per cent of cyber crimes occur with the objective of financial gain and banks do not undertake any training or awareness programmes for their customers and employees which have serious repercussions as we already know. Cyber privacy too is an alien concept in the country,” said Bharat Panchal, Senior Vice President and Head, Risk Management, National Payment Corporation of India. He further threw light upon Digital literacy in the country vis-à-vis the growing digitalisation of banking and payments, pointing at negligence and unawareness leading to breach in cyber security.