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Here is a summary of the conversation:
The discussion revolves around financial inclusion, as it relates to digital banking and cybersecurity. The speakers highlight that with increased digital adoption in rural areas and among lower-income populations, there is a growing need for education on cybersecurity and online safety. Many individuals from these backgrounds lack technical knowledge and are vulnerable to phishing attacks and malware.
To address this issue, the government is focusing on initiatives such as educating the masses on cybersecurity and collaborating with law enforcement agencies and regulators to identify loopholes and implement security controls. Examples of these efforts include requiring verification calls for transactions above a certain value and disabling international payments on credit cards by default.
Additionally, the conversation touches on India’s efforts to promote its own cloud infrastructure, reducing dependence on global platforms like AWS, Azure, and GCP. The government has embedded 18 cloud service providers, most of which are Indian entities, to promote local cloud services with a potential for global presence in the long run.
The discussion concludes with a mention of an upcoming session on retail cybercrime from the user’s perspective and a thank-you note to the audience and co-panelists.