Hacking Fintech Crime: Realities and Possibilities in India
Using a combination of low tech tools, social engineering and the general gullibility of users, hackers are scamming digital wallets regularly across India. As cyber crimes targeting Fintech platforms rise, it poses a serious challenge to the growth of the industry. The inability of the police to successfully investigate and prosecute these cases ensures there is little or no deterrence to the growth of Fintech-related crimes.
A Deepstrat-led study co-authored by a serving police officer and cybersecurity experts found interesting insights that law enforcement, infosec professionals and legal experts can now come together to implement counter-measures.
The joint talk by Mr Chander Mohan, IPS, a serving police officer and Mr Anand Venkatanaryana, a well known Info-Sec researcher, both of whom are co-authors of this study will provide fascinating insights into how to tackle a growing threat to India's digital economy ambitions.
Anand Venkatanaryanan is a cyber security and privacy researcher. He has two decades of experience in the corporate sector and has worked in AT&T, Intel and NetApp across multiple domains such as Telecom protocols, Network engineering, Device drivers for Graphics Chips, Linux device drivers for filesystems and Storage management products
He also dabbles in financial modelling and can read balance sheets with the same ease as software code.
He is a public interest technologist and has written extensively about cyber security issues in several publications including Medianama, Bloomberg Quint, The Quint, The Ken, The Business standard, Hindustan Times, Times of India, The Wire and Asia Times and was the first one to break the story of the hack of Kudunkulam nuclear reactor in the public domain by the North Koreans using the D-track malware.
Mr Chander Mohan, IPS is a serving police officer. He is from the 2015 batch of the Indian Police Service and was allotted Haryana as his cadre. He is an Electrical Engineer from the Indian Institute of Technology ( IIT), Delhi. After passing out he was selected for the Indian Revenue Service where he served for a year before being selected into the IPS.
He has served as the Superintendent of Police (SP) of a major district, as a Deputy Commissioner of Police in Gurugram and is currently SP, Vigilance, the state’s main anti-corruption unit and is looking after four districts in Haryana. His interests lie in issues related to technology, environment and has been the co-author of a seminal study on retail financial cyber crimes.