Online payment solutions provider PayU announced the appointment of Prakash Padariya as the company’s Chief Information Security Officer.
Padariya who joins the India leadership team lead will now work towards further strengthening PayU India security team, while ensuring alignment with PayU’s Global Security strategic initiatives and standards. He will be responsible for embedding best-in-class security within PayU’s product and technology services, overseeing all PayU locations in India, the company said in a statement.
Padariya comes to PayU with more than 17 years of experience in core information, cyber-security, and technology. He was previously the CISO at GE India Technology Center leading Cyber Security for 6000+ employees of 10 GE businesses. Padariya has also worked with leading Fortune 100 companies such as Royal Bank of Scotland, IBM, Target Corporation & Accenture. Padariya’s professional expertise spans across Banking & Financial Services, Telecommunications & IT Service Industries in India, USA, Europe, Australia, Canada and, EMEA.
“We’re excited to have Prakash as a part of our team as we continue to develop a full fintech ecosystem that is highly safe and protected. His deep experience in information security across multiple industries will prove to be a big asset to help us continue to offer secured payment solutions to our merchants, and allow them to best serve their customers,” said Anirban Mukherjee, CEO, PayU India commenting on the appointment.
He added that as a leading online payment player in the country, securing our customers’ payment transaction data is a top priority for us and we constantly work to improve upon existing measures.
“The Indian fintech ecosystem is growing at a rapid pace and PayU is playing a key role in it. Ensuring safety has always been of utmost importance to PayU and we believe in security by design. I am excited to be a part of this dynamic company to enable the growth of business with optimum security and ensure a world-class infrastructure for PayU stakeholders and employees,” Padariya said.
PayU’s proprietary risk engine is built for global internet businesses facing evolving fraud threats. The in-house risk management tool is capable of processing advanced rules based on multiple parameters like thresholds, attempts, fraud blacklists, cards, emails, phones, etc. to prevent fraud. PayU’s innovative technology, developed in-house as well as through investments and strategic partnerships, empowers billions of people and millions of merchants to buy and sell online, extending the reach of financial services.