As the use of online and mobile payments increase in India, organizations must carefully assess the risks and then take action to help reduce fraud, says Dharshan Shanthamurthy, founder and CEO of SISA Information Security Worldwide, a global payments security specialist firm.
Mobile payments "come with a huge risk since the devices were never made or intended for making financial transactions," he says in an interview with Information Security Media Group. "As a result there are malware attacks taking place and customers also hoodwinked into revealing their data."
Newer technologies can help address the risks, he says, including tokenization, proactive data discovery technologies and 3D secure protocols.
In this interview (see audio link below image), Shanthamurthy discusses:
- Technology innovations in the payments space to prevent attacks;
- How India is exposed to both global and local risks;
- The role that data discovery can play in helping to mitigate risks.
Shanthamurthy is the founder and CEO of SISA Information Security Worldwide, a global payments security specialist firm. He was first PCI qualified security assessor in Asia. He is also the author of the payment security implementation program called CPISI.