Tech
India’s fintech boom exposes sector to rising cyber threats: PwC-UFF report
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India’s rapidly expanding fintech industry is facing growing cybersecurity risks even as it cements its position as a global leader in digital finance, noted a report by PwC India and the Unified Fintech Forum (UFF).
The report, titled “FinSec: An Emerging Equation Between fintech and Cybersecurity,” highlights how new technologies while driving innovation in digital payments, lending, neobanking, and blockchain are simultaneously creating new vulnerabilities.
India, home to more than 10,200 fintech companies, has become one of the world’s largest hubs…
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