Technology round table: Security is non-negotiable, and for every customer

'What is becoming important is that regulations are very progressive, while fintechs find it tough, because a lot of compliance work comes in'

BS Reporter
Last Updated at March 24, 2023 06:15 IST

cyber security, cyber attacks, cybersecurity, data, privacy, hackers, hacking

The threat of cybercrime has become a real concern for the financial world, with attacks increasing rapidly. While traditional banking players have been tackling this menace, the fast-growing digital lending segment that wants to capture the next 500 million customers onto digital platforms is also realising the importance of cybersecurity. Panellists at the Business Standard BFSI Insight Summit session, In a digital lending world cybersecurity threats are rising, welcomed the fact that the Reserve Bank of India’s (RBI’s) recent guidelines on the digital lending segment also focused on tackling cybersecurity.

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