India has been recognized as one of the safest countries for online transactions due to the implementation of tokenization by the Reserve Bank of India. Tokenization has significantly reduced fraud and disputes in every online transaction. However, social engineering frauds and device hacking remain potential threats. Gautam Aggarwal, the country head of Mastercard India, highlighted the importance of card-based transactions, which offer a high level of security through advanced fraud analytics.
- News Source Indiatimes (Click to view full news): CLICK HERE
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