Mobile fraud to rise in India by 60%
16 December 2016
A month into India’s demonetization initiative, there is a huge surge in digital transactions. People are slowly moving towards mobile applications like PayTM, Freecharge and Ola Money that support online transactions for the exchange of goods, but it is also making the money susceptible to fraud.
According to a joint study by ASSOCHAM and EY, mobile fraud is expected to grow by 60% in 2017 as 40% of online transactions are completed by mobile. Of all cyber crimes, 46% of complaints are registered for credit/debit card fraud.
Because of this move towards conducting more transactions online, there has never been a better time to study Cyber Security in the UK.