Payment Security Summit & Awards – India: Addressing Cyber Threats in Digital Transactions

As digital transactions continue to accelerate, the risk of cyber threats is also on the rise, making payment security a pressing global concern. To tackle these challenges, QNA is launching the Payment Security Summit & Awards – India in Mumbai on March 4, 2025, in collaboration with the PCI Security Standards Council, and supported by DSCI, Cyber Security Association of India, and ISACA Mumbai Chapter. This landmark event will bring together top industry leaders, regulators, financial institutions, retail, and telcos to shape the future of secure digital commerce. India’s unprecedented growth in digital payments has made the country not only an economic powerhouse but also a prime target for payment security threats.

Brijesh Singh, Additional Director General of Police, Government of Maharashtra, emphasized the importance of safeguarding trust in financial transactions, stating, "As India accelerates its digital transformation, securing payment systems is paramount to safeguarding trust and financial integrity. Strengthening cybersecurity frameworks and encouraging innovation will be key to a resilient and secure digital economy."

Ensuring Payment Security: A National Priority

Ensuring payment security is not just about protecting businesses; it’s about securing an entire economy. Lt. Gen Dr. Rajesh Pant, Chairman of the Cyber Security Association of India, highlighted the significance of cyber resilience in achieving India’s economic ambitions, "To become the third-largest economy, India cannot afford to be held back by financial cyber-crimes. For a developed India, we must be a cyber-secure India."

Shaping the Future of Payment Security

The Payment Security Summit & Awards – India will serve as a hub for the latest industry insights, featuring:

• Keynotes from global leaders exploring trends in cybersecurity, fintech, and regulatory compliance
• Workshops and live demos showcasing AI-driven fraud prevention, risk mitigation, and compliance strategies
• Exclusive networking opportunities connecting CISOs, GRCs, fintech disruptors, policymakers, and security professionals

With fraud tactics evolving as rapidly as technology itself, staying ahead is crucial. Nitin Bhatnagar, Regional Director – Middle East, India, and South Asia, PCI Security Standards Council, stressed the need for a proactive approach, "In India, the cyber threat landscape and forms of payment in the financial sector have been constantly changing, and it has become imperative to implement stringent controls to secure the payment ecosystem."

Recognizing Innovation: The Payment Security Excellence Awards 2025

The Payment Security Excellence Awards will honor trailblazers in cybersecurity, fraud prevention, and financial security. Winners will be evaluated by a jury of industry leaders, ensuring the highest standards of recognition. Nominations close on February 28, 2025.

A Global Movement Begins in Mumbai

The Payment Security Summit & Awards – India is just the beginning. With cybersecurity challenges affecting businesses worldwide, the event will expand into key financial markets, encouraging a global dialogue on payment security. Ankit Shukla, Managing Director of QNA Group, emphasized the summit’s global vision, "India’s rapid digital payments growth makes it the ideal launchpad for our global Payment Security Summit series. Through collaboration with key industry players and regulatory bodies, we aim to establish stronger security standards and build a foundation of trust in digital commerce worldwide."

Published On Mar 1, 2025 at 09:44 AM IST

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