The National Payment Corporation of India, the umbrella organization for all retail payments systems, has asked banks to discontinue Aadhaar-based payments through Unified Payments Interface and Immediate Payment System channels.
Most of India's e-wallet companies are taking an inadequate, single-factor approach to user authentication, relying only on one-time passwords delivered via SMS, some security experts say.
The new India Post Payments Bank will take banking to the doorstep by using India's mammoth network of post offices. Postmen will perform digital transactions on their phones. That's raising concern among security leaders, who recommend adopting defense-in-depth security.
Reacting to the draft of a new data protection bill for India, which was released Friday, many security and privacy experts are saying the bill is thin on specifics and that if it's enacted into law, some of its provisions could prove challenging to implement.
Although there's widespread agreement that addressing security early in the software development cycle is an essential component to any breach prevention strategy, implementing DevSecOps can prove challenging.
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