India’s fintech boom exposes sector to rising cyber threats: PwC-UFF report

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India’s rapidly expanding fintech industry is facing growing cybersecurity risks even as it cements its position as a global leader in digital finance, noted a report by PwC India and the Unified Fintech Forum (UFF).

The report, titled “FinSec: An Emerging Equation Between fintech and Cybersecurity,” highlights how new technologies while driving innovation in digital payments, lending, neobanking, and blockchain are simultaneously creating new vulnerabilities.

India, home to more than 10,200 fintech companies, has become one of the world’s largest hubs…



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India’s fintech boom exposes sector to rising cyber threats: PwC-UFF report



India’s rapidly expanding fintech industry is facing growing cybersecurity risks even as it cements its position as a global leader in digital finance, noted a report by PwC India and the Unified Fintech Forum (UFF).

The report, titled “FinSec: An Emerging Equation Between fintech and Cybersecurity,” highlights how new technologies while driving innovation in digital payments, lending, neobanking, and blockchain are simultaneously creating new vulnerabilities.

India, home to more than 10,200 fintech companies, has become one of the world’s largest hubs…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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