Internet or phone banking need to be secured further with OTP or two-factor authentication. Authentication is always going to be the weakest link leading to many frauds. Improving or adding further security to authorize a user will improve security and confidence of consumer to use ecommerce more often. Hope, we see added level of security and improved laws to help the every growing internet commerce in India.
The year 2014 was a landmark year in Indian cyberspace and its history. This was the year which demonstrated to the world of how a democracy can harness the power of technology not only for the purposes of ensuring participative governance but also for furthering the cause of democratic values, traditions and norms. The year 2014 was the year of the great Indian elections. These were the first elections in the documented Indian elections history of independent India which were predominantly marked by the use of technology and social media. In fact, social media was used to its hilt to reach out to more and more users in cyberspace and more and more mobile and Internet users for the purposes of engaging them in political discussion and in influencing them to exercise their franchise.
http://blogs.economictimes.indiatimes.com/Cyberlawsintodaystimes/cyberlaw-in-india-2014-roundup/
Hacking, phishing, credit card and banking frauds have increased by 40% in the country in the past two years, according to a government report.
Hacking, phishing, credit card and banking frauds have increased by 40% in the country in the past two years, according to a government report.
Hacking, phishing, credit card and banking frauds have increased by 40% in the country in the past two years, according to a government report.