Standing Committee - Digital Payment and Online Security Measures for Data Protection - 54th Report, 2024
AI / PRIVACY / CYBER RELEVANCE
Relevant to AI fraud analytics, transaction monitoring, financial data and payment-security governance.
AI: HighPrivacy: HighCybersecurity: Very High
READ FIRST
- Chapters on digital-payment security, cyber fraud, data protection and institutional safeguards
PURVIEW
Examines privacy and security issues specifically in the context of digital payments, including protection of payment data, cybersecurity, system integrity, fraud risks and the governance of digital financial infrastructure. The report provides policy context for determining why payment data requires strong security, controlled access, accountability and resilient infrastructure, and why AI systems operating on such data cannot be evaluated only for model accuracy. It is therefore useful when mapping privacy and cybersecurity expectations across India’s payment and financial-AI ecosystem.
Classification and legal status. Parliamentary report; not binding law.