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The ‘Cyber crime Survey 2014’ reported that 58 per cent of the respondents among 170 Chief Information Officers or heads of the information security of Indian companies perceive financial services sector as more likely to be prone to cyber crime. Some 11 per cent feel communications, entertainment and infrastructure sectors are vulnerable too. “Phishing attacks of online banking accounts or cloning of ATM/debit cards are common occurrences. The increasing use of mobile phones for online banking and financial transactions has also increased the vulnerabilities to a great extent”, KPMG India said in a statement.
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