Key Trends that'll Impact Online Security in 2016

摘要

Recently, security has become a growing concern for both individuals and enterprises. Identity thefts, data breaches, malware and other forms of attacks have brought security in the spotlight. The growth in mobile and connected devices, internet adoption, machine to machine, mobile banking and adoption of technologies like cloud computing, have propelled the need for stronger security measures. As we shift towards a more digitized world, new and sophisticated risks and threats from hackers and malicious users will continue to proliferate. In 2016, this will be no different and security will continue to gain importance. Here are three key trends we will see in the New Year: India is experiencing an explosive growth in transactions. There are close to 600 million debits cards today, with over 170 million added in the past year.l Mobile wallets have also seen similar traction to debit cards, touching INR 125.99 billion between April-July2015, according to a PwC report, commissioned by the Internet and Mobile Association of India (IAMAI) and the Payments Council of India (PCI).2 The rapid growth in transactions corresponds with an equally consistent growth in frauds, highlighting the need to securing physical and digital transactions.