Bharat Panchal, Head – Risk Management SVP, National Payments Corporation of India
we are talking about civil society, the major talk is around application, device and public infrastructure that we are using as a citizen. The fact remains that Mobile Disruption has recently taken the country by storm. We have today close to 1bn mobile handsets, but there are 10% or more that are routed devices which we are not aware of. The incident that happened last year - the data of 3.2mn debit cards getting breached is an example to show. The maximum incidents were reported from China and the maximum withdrawal that happened outside India was in China. The major issue what we are facing today is that today’s generation and the next generation is a complete disjoint. Today’s generation is not educated enough on how to take care of cyber security. I think this is the right time to adopt a policy that we have mandated to have a cyber security defense system.
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