Post demonetisation there has been a surge in digital transactions via e-wallets and other online payment gateways
With the surge in digital transactions via e-wallets and other online payment gateways, mobile frauds are expected to grow to 60-65 per cent in the country by 2017, a leading industry body said on Monday.
The joint study by Assocham and research firm EY, titled "Strategic National Measures to Combat Cybercrime", said a secure cyberspace and the government's initiatives in keeping tabs on cybercrime have become an important criteria for business to establish, operate and flourish in any region.
"Mobile frauds are areas of great concern for companies as 40-45 per cent of financial transactions are done via mobile devices and this threat is expected grow to 60-65 per cent," the study noted.
Credit and debit card fraud cases top the chart of cybercrimes and there has been a six-fold increase in such cases over the past three years.
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