Crucially, India is still ill-prepared to fight such attacks, as most Indian systems do not invest sufficiently in security. In the words of Arpinder Singh, partner and head - India and emerging markets, fraud investigation & dispute services, EY, “India has seen an accelerated use of online and mobile platforms; for instance, financial transactions through internet banking and mobile wallets has risen considerably. Consequently, the risks associated have also augmented, and a security breach can compromise the information of millions of users. Many companies in India still use outdated computer systems and hardware that can make them an easy target for hackers. The use of pirated or unlicensed software is high in India, increasing risks as OS patches will not fix them. Techniques such as phishing, spear-phishing, DDoS attacks, malware, key loggers, spyware and many others can also expose companies to significant threats.”