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Has COVID-19 accelerated digitization or cybercrime? | India Revival Mission Council
Posted
September 12, 2020
Views
82
Likes
2
Engagement
2.44%
September 12, 2020
82
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2.44%
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25:14Now PlayingOn India Revival Mission today, Heena Gambhir discusses the new-age digital banking and cybersecurity. The Central Government is taking an initiative to promote a cashless economy; pandemic too has escalated the use of digital mediums in the banking system, but the fear of cyber hacking still preserves many individuals from getting digitized.
According to reports, there was over 100% rise in credit card transactions from April to June, digital transactions surged by 23% from June 3 to July 2, UPI transactions were up by 11% to 1.49 billion in July. However, the rise in cybercrime was also significant. There was a 350% increase in cybercrime via legacy systems. More than 82% of the organizations see insiders as main threats,
Why are banks vulnerable? What to do if there is a fraud? Has COVID-19 accelerated digitization?
Watch as banking and cybercrime experts answer all related queries and also guide on future transactions and internet security.
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