Alok Kumar Agarwal Alankit Group, on Overcoming Cybersecurity Challenges in the Fintech Sector

As India's Fintech industry rapidly goes digital, it's facing a bunch of cybersecurity issues that need careful handling. Alok Kumar Agarwal Alankit stresses how crucial it is to keep data safe. He says, "With digital financial services being so connected, there's a range of threats we face, from data leaks to complex cyber-attacks. Fintech firms, handling sensitive customer data and money matters, are top targets for hackers looking for unauthorized access and profits."

The rise in cyber threats, along with the ever-expanding tech landscape, makes strong cybersecurity a big challenge.

According to the 2023 India Threat Landscape Report by Cyfirma, India's become the main target for cyber-attacks globally, with 13.7% of all such incidents happening here.

These stats sound alarming for India. So, to tackle the problem, we need to understand the cybersecurity challenges we're up against.

One major issue is the lack of awareness and education among people and companies. Many in the country don't fully grasp the risks and consequences of cyber-attacks, making them easy targets for hackers. This is especially true for smaller businesses and startups with limited resources for solid cybersecurity measures.