Recently, a cybersecurity provider CrowdStrike released a report covering cybersecurity in the mobile space. As India witnessed a rapid growth of electronic payments and mobile banking in India.
According to the Reserve Bank of India’s 2017-18 Annual Report, mobile banking volume grew 92% in volume of transactions and 13% in value of transactions from March 2017 to March 2018 while the number of mobile banking users grew 54% during the same time frame and little change in the number of ATMs deployed. In India, 92.6% of total retail payments volume is electronic, up from 88.9% in the previous year, much higher figures than in the U.S.
Defenx PLC (LON:DFX), founded in 2009 and listed on the London Stock Exchange, is an up-and-coming company in the mobile security sector which offers a wide range of solutions for the protection of smartphones, desktop PCs and laptops.