The Parliamentary Standing Committee on Finance has known as representatives of a number of banks such because the Punjab National Bank in addition to world and nationwide tech majors, together with Google, Apple and Paytm, subsequent week to debate points associated to cyber safety and rising circumstances of cyber crimes.
The committee, headed by BJP’s Jayant Sinha, has known as the representatives of the Punjab National Bank (PNB), Bank of India, Yes Bank and Indian Computer Emergency Response Team (CERT-In) on July 4 to take oral proof on “cyber security and rising incidence of cyber/white collar crimes”. On the identical day, it has individually known as representatives of tech majors One97 Communications (Paytm), Flipkart, Google and Apple on the identical problem.
Cyber crimes have turn out to be an growing menace with savvy on-line operators resorting to varied tips to defraud folks of their cash. The problem of cyber safety and rising incidence of cyber crimes was on the centre of deliberations at a gathering of the panel held earlier this month too as consultants from the trade had been quizzed by lawmakers about varied aspects of illegal actions, together with fraud mortgage purposes. The problem of fraud lending apps, which have been hitting headlines with rising complaints of individuals being swindled or compelled to pay exorbitant rates of interest, was additionally mentioned on the assembly.
The companies represented on the earlier assembly included Chase India, Razorpay, PhonePe, CRED and QNu Labs in addition to Nasscom, a premier commerce physique and chamber of commerce of the tech trade in India.
The parliamentary committee contains P Chidambaram, Sougata Roy, Sushil Modi, Amar Patnaik, amongst others.
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