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Cyber security can save up to Rs 540 cr each year; Paytm in 10 Indian languages
MUMBAI: As companies increasingly get on to harnessing the benefits of the networked world, overlook the associated threats, said a cyber-security expert and ethical hacker on the lack of awareness around the emerging threats at the BFSI Tech Maestros Awards & Conclave 2016. The expert — TAC Security founder & CEO Trishneet Arora was one of the panelists on the panel at the conclave.
Paytm meantime is set to unveil its multilingual interface to enable millions of Indians to overcome language barriers and pay and shop in their preferred regional language.
After the limited demonetization, online transactions have seen a spurt, and the trend is likely to continue. This gives rise to the challenge of ensuring the transactions are safe and secure, the identity of the individuals is not compromised and the organizations operate smoothly. Cyber security experts can play an important role in identifying loop holes and providing a solution.
Arora said, “Credit card frauds cost banks and credit card companies over US $8 billion (Rs 540 crore) each year. Apart from the Apple Pay fraud, such large-scale mobile wallet frauds have not been witnessed so far, if we discount customer carelessness. However, there is an immense lack of awareness to understand this risk. Several business personalities are not taking cyber threats seriously.”
“There is only one way to be alert and safe in today’s cyberspace and that rests on knowing your vulnerabilities and patching them before any fraudulent hacker can use it adversely,” he concluded. Recently, details of more than 3.2 million debit cards of some of the banks faced the threat of breach due to hacking.
The user interface of India’s largest mobile payments and commerce platform on Android will be available in — English and in 10 different regional languages – Hindi, Tamil, Telugu, Gujarati, Marathi, Bengali, Kannada, Malayalam, Oriya and Punjabi. Paytm, which is India’s payments and commerce platform to offer multiple regional language interface, has expanded its reach to over 80% smartphone users in India, who prefer internet-based services in regional languages.
Paytm senior vice president Deepak Abbot said, “With this new move, we are looking to push our share of customers from tier II and tier III cities from 50% to 70%.”
eNews
Piyush Thakur steps down as Inshorts’ chief revenue officer
Former vice president and cro says exit marks a new chapter after close to a decade of building revenue and partnerships at Inshorts Group.
NOIDA: Piyush Thakur has stepped away from Inshorts Group after nearly 10 years with the company, marking the end of a long tenure that culminated in his role as chief revenue officer.
In a farewell note, Thakur said he was “turning a new page” after almost a decade at Inshorts, calling it one of the hardest professional decisions he has made. He added that his exit was not driven by uncertainty about the future, but by reflection on a long association with the company.
Thakur joined Inshorts in October 2016 as vice president and spent around seven years in the role before being elevated to chief revenue officer in April 2024, a position he held until April 2026.
He said his tenure was defined by “thousands of mornings, late nights, product debates and breakthrough moments”, as the company evolved into a large-scale digital news platform used by millions.
In his note, Thakur emphasised that Inshorts’ growth was a collective effort across teams, adding that engineers, designers, sales teams and customer support staff all contributed to building the platform. He said the company’s success was not the result of individuals but of “everyone who stayed, passed through, and left their mark”.
Before Inshorts, Thakur worked across several digital media and business development roles. At ESPN, he served as senior regional manager from October 2015 to October 2016, focusing on growth initiatives, strategic opportunities and video distribution.
At Times Internet, he worked for nearly three years, including as head of business development from April 2015 to September 2015 and chief manager from January 2013 to March 2015. His responsibilities included monetisation of mobile platforms, managing media and developer partnerships, and driving revenue across digital properties such as The Times of India and The Economic Times.
Earlier, he worked at Brandmovers as head of business development from June 2012 to June 2013, handling digital, mobile and social media marketing solutions, client development and strategic consulting. During this period, he also worked on advertising revenue, brand strategy and CRM-based solutions.
At Inshorts, Thakur’s role focused on revenue strategy, mobile and media partnerships, and growth initiatives across platforms. His profile highlights experience in mobile product management, digital business models, partner ecosystems and revenue expansion in high-growth environments.
