Financial fraud increases due to dependence on digital payments: Ajit Doval


'Increase in financial fraud due to dependence on digital payments': Ajit Doval

Thiruvananthapuram:

Asking citizens to be cautious while online, National Security Advisor (NSA) Ajit Doval said on Friday that financial fraud has seen an exponential increase due to increased reliance on digital payment platforms following the pandemic. of COVID-19.

He also said that the Center was developing the National Cybersecurity Strategy 2020, which envisions a safe, reliable, resilient and vibrant cyberspace for India’s prosperity.

I was lecturing on cybersecurity virtually at COCONXIII-2020, a data hacking and privacy conference hosted by Kerala Police and the Society for Cyberspace Surveillance and Information Security Research Association.

According to him, there is a change in the work environment that has been caused by the pandemic.

“There is a greater reliance on the digital payment platform due to reduced cash handling and increased online data sharing and the presence on social media has also increased.

While we can manage our affairs online to a certain extent, malicious actors also found a new opportunity in it, “said Doval.

Doval said there was a 500 percent increase in cybercrime due to limited awareness and cyber hygiene.

“Financial fraud has seen an exponential increase due to a greater dependence on digital payment platforms.

Adversaries are tempted to exploit the crisis situation through misinformation, fake news, etc.

The huge cyber data floating in cyberspace is a gold mine for extracting information that can undermine the privacy of our citizens … “said Doval.

He warned citizens while online and said that there should be a responsible approach to using the internet.

The NSA congratulated the Kerala state government and police for the initiative.

Opening the conference, Kerala Governor Arif Mohammed Khan said that since increased dependence on the internet is becoming a permanent feature of people’s lives due to COVID-19, citizens should be more cautious while on the go. online.

This edition of the conference was on the virtual platform this year due to the pandemic scenario.

“Various types of cybercrime are occurring in our country and it is high time that we take adequate precautions against such crimes …” Khan said.

Senior police officers, including State Police Chief Loknath Behera, participated on the first day of the two-day conference.

(Except for the headline, this story has not been edited by NDTV staff and is posted from a syndicated channel.)

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