India to surpass UK as second-most targeted country for payment card fraud, says report
Updated : April 18, 2019 08:04 PM IST
A rapidly growing middle class population opting to use cards for purchases and rising internet penetration make India an attractive target for cyber criminals.
A combination of lucrative targets and insufficient defense measures make many Indian institutions attractive to hackers.
On the brighter side, 93 percent of surveyed Indian companies are increasing their security spending.
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