The Parliamentary Standing Committee on Finance has called representatives of tech companies and several banks to discuss the rise in cybercrimes in India.
Representatives of technology companies are also involved, according to a report in news agency PTI Apple, Flipkart and One97 Communications (Paytm) have been called on July 4 to discuss the issues Cyber security,
The committee, headed by BJP’s Jayant Sinha, has also called representatives of Punjab National Bank, Bank of India, Yes Bank and several banks. Indian Computer Emergency Response Team (CERT-In) will take oral evidence on “cyber security and rising incidence of cyber/white-collar crimes”.meeting to discuss cyber security
The report said that the issue of cyber security and rising incidents of cybercrime were central discussions in the panel meeting held earlier this month.
In the meeting, industry experts were questioned by the law makers about various aspects of illegal activities including fraudulent loan applications.
The meeting was attended by companies including Chase India, Razorpay, PhonePe, CRED and QNU Labs as well as Nasscom, the trade body and chamber of commerce of the tech industry in the country. The issue of fake loan giving apps was also discussed in the meeting.
Representatives of technology companies are also involved, according to a report in news agency PTI Apple, Flipkart and One97 Communications (Paytm) have been called on July 4 to discuss the issues Cyber security,
The committee, headed by BJP’s Jayant Sinha, has also called representatives of Punjab National Bank, Bank of India, Yes Bank and several banks. Indian Computer Emergency Response Team (CERT-In) will take oral evidence on “cyber security and rising incidence of cyber/white-collar crimes”.meeting to discuss cyber security
The report said that the issue of cyber security and rising incidents of cybercrime were central discussions in the panel meeting held earlier this month.
In the meeting, industry experts were questioned by the law makers about various aspects of illegal activities including fraudulent loan applications.
The meeting was attended by companies including Chase India, Razorpay, PhonePe, CRED and QNU Labs as well as Nasscom, the trade body and chamber of commerce of the tech industry in the country. The issue of fake loan giving apps was also discussed in the meeting.
Fraud apps banned
Earlier this year, the Ministry of Electronics and Information Technology (MeitY) had issued orders to block 232 apps, which included 138 betting and gambling websites and 94 loan apps. It was reported that these platforms were involved in money laundering and were a threat to the financial security of the country.
The apps included LazyPay and Kissht, while the platforms on the blocked list werebuddyloan.com, Cashtm.in, kreditbee.en.aptoide.com, faircent.com, true-balance.en.uptodown.com and mpokket.en.aptoide . .com. Later the government lifted the ban from LazyPay and Kissht lending apps.