The gist of this news article is that a fraud involving the theft of customer details by call-center operators in an Indian company may discredit the whole Indian off-shore/outsourcing market. Sorry, I don't buy that argument. The truth is that IT fraud is a risk in ALL countries. I see no reason to believe that India is inherently more risky than anywhere else - in fact, the increasing level of interest in our security awareness products from Indian IT companies suggests quite the opposite to me. At the risk of over-generalizing, India seems very well aware of the importance of information security.
More IT fraud links and IT governance links