WhatsApp payment system threatens digital banking: expert

Experts warn that Facebook-owned WhatsApp plans to launch payment system in India (India) after Israeli spyware Pegasus molested WhatsApp accounts of 121 Indians Is creating, which can endanger the Digital Banking system. Pawan Duggal, one of the country’s top cyber law experts, told IANS, “WhatsApp payments need to be closely watched, mainly because you will be dealing with sensitive personal data in payments.” The Ministry of Electronics and Information Technology has already expressed dissatisfaction with the way WhatsApp has informed about the hacked accounts.

Recently, with the help of NSO Group software, a case of spying of 1,400 WhatsApp users has been reported globally. WhatsApp’s video calling system was used to spy. WhatsApp has 400 million users in India. The company appealed to its 1.5 billion global users in May to upgrade the app after the vulnerability was discovered.

Duggal said, “Recent WhatsApp operations have shown that it is difficult for the government to get information from this. Under the Information Technology Act, WhatsApp is an intermediary and must necessarily show reasonable readiness under the law, but the company must do so Has failed. He said, “You need to keep WhatsApp new without complying with cyber security norms, international and Indian laws.” To Ens or permit should not be in a hurry. “

The government, the Reserve Bank of India (RBI) and the National Payments Corporation of India (NPCI) are reportedly evaluating the risk of allowing social media apps in the digital payment ecosystem after recent hacking incidents surfaced. “If WhatsApp does not follow the data localization norms, IT Act rules and regulations, there is no question of granting new permission,” said Duggal.

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