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Credits: India Today
The Union Home Minister on Monday chaired a high-level meet on cyber security. The meeting was held in the North Block. It was attended by MHA officials with a primary focus on security of payment gateways like PayTM and other e-wallets.
The meeting was to review steps to check cyber crimes in the financial sector, emanating from the increased usage of cards and e-wallets.
Digital payments in India have increased manifold especially after the Digital India push and demonetisation by the Modi government.
With the use of digital payments spreading to farthest corners of the country, the need for creating a uniform monitoring and law enforcement mechanism is considered to be the need of the hour. The broad contour of this is being worked out in the home ministry.
Integration and inclusion of KYC norms to keep an eye on digital slush funds is also said to be part of the meeting’s agenda.
Data access from global servers also remains a key issue in keeping a watch over the payments and use of financial gateways.
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