We should have norms for organisations in India to quickly disclose any breach in their network. Other companies can learn from such attacks and they can use this information to protect their network. Awareness of Security will also help end consumers to be more cautious in handling digital transaction. As we move towards digital economy, transparency by organisations will help to improve confidence by a long way.
Hitachi Payments Services on Thursday accepted its systems were compromised by a sophisticated malware in mid-2016 which led to one of the biggest cyber security breaches in country, with 3.2 million cards being affected, causing a scare over security of card-based transactions.