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International

Indian e-wallet firms not covered for cyber attacks

January 04, 2017 Reprints

Indian insurance industry insiders have said that mobile wallet companies that are expanding rapidly following the government's push to scale up digitization do not have adequate insurance cover against cyber attacks, The Economic Times reported. "Most wallet companies do not have a risk mitigation plan and do not have cyber insurance in place, which makes them vulnerable to huge losses in case of cyber attacks," said an official.

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Indian e-wallet firms not covered for cyber attacks

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