Article
Who Bears The Loss? Re-thinking Liability In India’s Digital Banking Ecosystem
India's digital payments ecosystem has transformed financial accessibility, but it has also created new vulnerabilities through SIM swap fraud, phishing, and social engineering attacks. Recent High Court decisions are reshaping how liability is allocated among banks, telecom providers, and customers when unauthorized electronic banking transactions occur, establishing that responsibility increasingly rests with whichever participant first compromised the digital authentication process.
Hammurabi & Solomon