Mastercard's Executive VP for Asia Pacific Rama Sridhar said the company was committed to the strategic market by investing in people, resources and creating solutions for the Indian customers
Of the three surveyed sectors, Indian retail merchants experience higher incidents of frauds
The arrest comes after police froze the company's bank accounts and sealed its office at Noida Sector-2
The task force has also sealed the bank accounts of the company
Police arrested Maninder, a resident of Tilak Nagar in Delhi, and Gulshan, a native of Punjab
Research suggests that 'distributed guessing attack' circumvents all security features meant to tackle online fraud
The value of online fraudulent transactions is expected to reach $25.6 billion by 2020, up from $10.7 billion last year
The study revealed that 85 per cent of India's Internet users are familiar with the term 'Internet Scam'