Data Fraud

While Goyal did mention the name of the startup, his statement comes after there have been several reports of corporate governance lapses at the unicorn Bharat Pe over the last few months.

Cyber-attacks have cost SMBs more than Rs 3.5 cr to Rs 7 cr in the last 12 months

The statement comes in light of the Modi government recently saying that it will not be releasing the Survey of Consumer Expenditure, 2017-18 because of "data quality" issues

India was ranked among the top five countries globally that are vulnerable to credit card fraud, according to the 2016 Global Consumer Fraud Report

Indian banking system was hit by the debit card fraud in which some 32 lakh cards are reported to have been affected