May 11 2017, 6:56 PMMay 11 2017, 7:09 PMMay 11 2017, 6:56 PMMay 11 2017, 7:09 PM
A total 96 % of Indian organisations believe that instances of cyber crime are most likely in the payments space , compared with 84 % globally , a joint survey from the Confederation of Indian Industry and PwC has found . Indian organisations also identified fund transfers , personal finance products and personal loans as vulnerable to cyber attacks . Rapid growth and high competition in India 's fintech space will not come at the cost of adequate security controls , according to PwC. The professional services company warned that inadequate security could lead to fraud or invite regulatory action . * * * Looks like there 's an error in the report - the graph shows 84 % non - Indian organisations believe the payments space is most susceptible , while the write - up says 86 % . I 've gone with the graph 's figure . * * *