The swift increase in internet and computer usage in India has led to fears of a rise in financial cybercrime , according to a study by financial body ASSOCHAM and research firm marks & Young . The study predicted a six - fold increase in credit and debit card fraud within India over the past three years . To mitigate the risks of financial cybercrime , the report recommends enforcing security measures for fraud , as well as creating “ proactive ” security and enforcement efforts to protect security details and prevent fraud .
The swift increase in internet and computer usage in India has led to fears of a rise in financial cybercrime, according to a study by financial body ASSOCHAM and research firm Ernst & Young. The study highlights a six-fold increase in credit and debit card fraud within India over the past three years. To mitigate the risks of financial cybercrime, the report recommends enforcing security measures for data, as well as creating “proactive” security and monitoring efforts to protect customer details and prevent cybercrime.