A Brief Study about Security in the Financial Technology Sector
Anirudh Ramesh, Devharsh Toshniwal, Pratham Sapra, Harsh Dhanuka · Journal of Emerging Technologies and Innovative Research · 2018
India is leap forwarding towards becoming one of the largest economies of the world. It has been the fastest growing country in the world for four years. The unprecedented growth also requires an equal growth in the availability of finance and the advancement of technology. While the advancement of both are highly important, looking at the current trends security of the data becomes a major factor in shaping further growth. Security enables the assurance of privacy of technology and its misuse. The most important step to enable security-first decisions begins with the awareness of it. This research paper looks into this particular aspect with a magnifying glass. The paper studies the attitudes of the consumers towards security and the care they give to their own financial information. The paper tries to understand and explain the different threats we face today, how many and to what extent people are aware of it and understand this information and take steps and actions to enable the expansion of safeguards that can be taken.