WHY THE BFSI SEGMENT NEEDS TO BEEF UP ITS CYBER SECURITY INFRASTRUCTURE

Sandeep is a cybersecurity professional with 9+ years of experience bringing together the best security experts to simplify the complicated cybersecurity problem. In 2019, Sandeep founded and introduced two products to the cybersecurity industry. The first one, BugDazz, a Pentest as a service and the second one, AuthSafe, for fighting with online frauds.

- Sandeep Kamble

The Indian BFSI segment has been one of the fastest growing segments in the country, fuelled by fast paced technology adoptions and supportive government policies. The Industrial 4.0 revolution, that integrates smart technology tools with day to day business operations, leveraging AI, ML, and cloud computing etc., making essential functions accessible at the touch of a smart screen, have evolved rapidly. These innovations, integrated with a massive rise in fintech, are helping create a cashless economy for India. As per a report by RedSeer Consulting, India’s Digital Payments Market was valued at INR 2,162 trillion in 2019-20 and is expected to grow three fold, to reach INR 7,092 Trillion by 2025. Further, the current 160 million unique mobile payment users are set to multiply 5 times, to reach 800 million, by 2025.