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Technology for financial services: Cyber fraud harms organizations | Technology News
Nearly half of all organizations in India say they have experienced cyber fraud during and after the pandemic. Technology, media and communications, financial services and manufacturing are the most affected sectors, according to Grant Thornton Bharat’s ‘Financial and Cyber Fraud Report 2024’. One of the reasons for cyber fraud is limited investment in governance protocols. More than a third of organizations are unsure whether their anti-fraud and cybersecurity programs have successfully reduced fraud. The survey interviewed 250 senior executives from all sectors.