Want to create an interactive transcript for this episode?
Podcast: businessline's State of the Economy Podcast
Episode: The rise of stolen digital identities accelerates fraudulent activities in banking
Description: In this State of the Economy podcast, businessline’s Sanjana B talks to Ravi Kumar, Assistant Vice President of IT at CDSL and Rohan Vaidya, Area Vice President, SAARC & India at CyberArk about the rapid growth of cybersecurity in India and the specific threats faced by the Banking, Financial Services, and Insurance (BFSI) sector. According to industry data, India's cybersecurity market is expected to grow from $6 billion in 2023 to $22.6 billion by 2032, with a compound annual growth rate (CAGR) of 18%. This marks a significant shift in the digital landscape, as the BFSI sector, due to its sensitive data, beco...