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Alok Kumar Agarwal on Tackling Cybersecurity Challenges in the Fintech Sector


India's fintech industry is growing rapidly, driven by digital transformation. However, this progress comes with significant cybersecurity challenges. Alok Agarwal Alankit highlights, "The interconnected nature of digital financial services makes the industry vulnerable to threats like data breaches and advanced cyber-attacks. Fintech companies handle sensitive customer data and financial transactions, making them attractive targets for cybercriminals looking to steal information or money."


Cyber threats are becoming more advanced, and new technologies are creating more opportunities for attacks. This makes it harder to ensure strong cybersecurity.

According to the 2023 India Threat Landscape Report by Singapore-based cybersecurity firm Cyfirma, India is now the top target for cyber-attacks globally, accounting for 13.7% of all incidents worldwide.

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