Alok Agarwal Alankit Shares Insights on Managing Cybersecurity Risks in Fintech
As India's Fintech industry undergoes rapid digital change, it faces a range of cybersecurity challenges that need constant attention. Highlighting the importance of protecting data, Alok Agarwal Alankit says, "The connected nature of digital financial services makes the industry vulnerable to various threats, from data breaches to advanced cyber-attacks. Fintech companies, which handle sensitive customer information and financial transactions, are prime targets for cybercriminals looking for unauthorized access and financial gain."
With cyber threats becoming more advanced and new technologies expanding the risk, maintaining strong cybersecurity is a major challenge.
According to the 2023 India Threat Landscape Report by Cyfirma, a cybersecurity firm based in Singapore, India has become the main target for cyber-attacks globally, accounting for 13.7% of all incidents.