One consequence of the recent demonetisation was a push towards the digitisation of the economy - a move that will create transparency in the financial system. But this digital push must be accompanied by greater security of digital transactions to deal with the tsunami of cybercrimes that is bound to follow. India's enforcement mechanisms, laws and policies must be re-examined immediately to ensure that the theft of data or money is dealt with severely, swiftly and transparently.
*Pronab Mohanty is the other author of this article.
