From ABP Live
Center-Right Owned by ABP GroupOPINION | The Future Of Banking Security Isn't OTPs. It's AI That Spots Fraud Before It Happens
What's behind this
The Indian Computer Emergency Response Team (CERT‑In) has issued a fresh warning to banks, non‑banking finance companies, fintech firms and other financial institutions after a sharp rise in cyber attacks that involve unauthorized fund transfers. The agency says threat actors are using an artificial‑intelligence‑powered campaign called “Crafty Falcon,” employing automated tools to target the sector. CERT‑In cautions that these AI‑driven attacks are escalating nationwide.
AI-generated overview from 2 outlets. It summarises their reporting and adds no reporting of its own.
What each side is saying
One outlet's own words from each side of the spectrum. Quoted, not summarised.
-
right · 1 outlet
Financial organizations have been utilizing transaction alerts, OTPs, and post-transaction reviews to safeguard clients from financial scams for years. But with the emergence of digital payments getting quicker and fraudsters implementing novel ways of committing fraud, just detecting fraud after…
— ABP Live
RSS excerpt
Financial organizations have been utilizing transaction alerts, OTPs, and post-transaction reviews to safeguard clients from financial scams for years. But with the emergence of digital payments getting quicker and fraudsters implementing novel ways of committing fraud, just detecting fraud after…
