Par Panel To Meet Google, Apple, Paytm To Discuss Rising Incidents Of Cyber Crimes

The Parliamentary Standing Committee on Finance on Tuesday will be meeting the representatives of several banks such as the Punjab National Bank as well as global and national tech majors, including Google, Apple and Paytm, next week to discuss issues related to cyber security and rising cases of cyber crimes.

BJP's Jayant Sinha is the Chairman for the Standing Committee on Finance. The representatives of the Punjab National Bank (PNB), Bank of India, Yes Bank and Indian Computer Emergency Response Team (CERT-In) will give oral evidence on "cyber security and rising incidence of cyber/white collar crimes".

Cyber crimes have become an increasing threat with savvy online operators resorting to various tricks to defraud people of their money.

The issue of cyber security and rising incidence of cyber crimes was at the centre of deliberations at a meeting of the panel held earlier last month too as experts from the industry were quizzed by lawmakers about various facets of unlawful activities, including fraud loan applications. The issue of fraud lending apps, which have been hitting headlines with rising complaints of people being swindled or forced to pay exorbitant interest rates, was also discussed at the meeting.

The firms represented at the earlier meeting included Chase India, Razorpay, PhonePe, CRED and QNu Labs as well as Nasscom, a premier trade body and chamber of commerce of the tech industry in India.