Security Challenges in a Cashless Economy: A Practitioner's View
The e-commerce and digital payments industry in India is evolving. The next generation focuses on futuristic solutions like hyper-local commerce, innovative mobile platforms and an omnichannel experience. Banks have been witnessing increasing customer interaction through the mobile channel, and the inclusion of UPI this year in Indian banking platforms has boosted this trend. Beyond the demonetization move by the government of India, there has been an increased impetus to move to digital transaction models and a cashless economy.
There is an imminent need, therefore, to look at the security robustness of the cashless payments infrastructure and the potential for fraud, even as adoption increases. New authentication strategies and robust frameworks for securing new digital payments innovation are proving necessary. From a CISO's point of view, it is critical to identify the weaknesses in the system and the potential risk for adopters.
This session outlines:
- A practitioner's view on the security of the changing digital/cashless payments landscape
- Understanding the emerging risks from new platforms and their liabilities
- Future authentication and risk strategies