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flag India's fintech boom faces rising cyber risks due to weak defenses, prompting calls for stronger security collaboration and tech.

flag India's rapidly expanding fintech sector, now home to over 10,200 companies and driven by widespread digital adoption, faces growing cyber threats due to uneven cybersecurity defenses, according to a PwC India and Unified Fintech Forum report. flag Despite the sector's global prominence and projected $400 billion value by 2030, rising cyberattacks, shrinking security budgets, and a shortage of skilled professionals are increasing vulnerabilities. flag The report calls for urgent collaboration between regulators and industry, urging adoption of advanced security measures like Zero Trust Architecture and AI-driven threat detection to protect financial systems and maintain consumer trust.

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