Press Release

Data Skill centers essential in safeguarding the Indian user’s data: Mangal Prabhat Lodha, Minister for Skills, Employment, Entrepreneurship and Innovation

In India Digital Financial Security Conclave 2022 organized by ASSOCHAM, Shri Mangal Prabhat Lodha, Minister for Skills, Employment, Entrepreneurship and Innovation, Government of Maharashtra as a chief guest addressed the audience by saying “digital transactions transformation led to increased digital frauds”.

15th December, Mumbai: In India Digital Financial Security Conclave 2022 organized by ASSOCHAM, Shri Mangal Prabhat Lodha,  Minister for Skills, Employment, Entrepreneurship and Innovation, Government of Maharashtra as a chief guest addressed the audience by saying “digital transactions transformation led to increased digital frauds”. 

Local communities should be made aware of and educated on digital security. It is important to promote international assistance with data analysis and security, he added. As it has to be watched at every level, identifying the true online fraudsters requires prompt convention and law to complete the cases. A variety of skill centers need to be established for a stronger cyber security ecosystem. 

He mentioned the risks that are higher in the business world that need to be monitored by the IT and data teams on day-to-day basis.  

Cybercrime causes an estimated $16 billion in damage annually, according to Shri Sanjay Saxena, Principal Secretary, Home (Special), Government of Maharashtra while giving a special address. Digital security must keep up with technological advancements while maintaining a balance. Users should not be harmed, and criminals should not be benefited by the developmental technology. 

Mr. Saxena further stated that the industry must adapt to the changing roles of NextGen CISOs and CIOs in the organization's escalating war against fraudsters. He continued that cross-border cybercrimes should be reduced. The government has adopted the Personal Data Protection Bill, but enterprises need also be aware of non-personal data. We have one cyber police station in each district of Maharashtra, but there is still a requirement of more.  

A knowledge report by EY and ASSOCHAM titled Unlocking the power of digital payments through security was released among the eminent dignitaries.  

Other key speakers at the conclave were Shri Shantanu Bhadkamkar, Chairman of ASSOCHAM Maharashtra State Development Council; Shri Kartik Shinde, Partner and Financial Services Cyber Security Leader, EY LLP; Shri Tushar Haralkar, Country Technical Leader - Security, IBM India & South Asia; Shri Vipin Surelia, Head of Risk Services for India and South Asia, VISA