Cyber risks: Banks working on coordinated response

What's behind this

India's cybersecurity agency CERT-In has warned that a hacking group called Crafty Falcon, linked to China, is using AI-driven tools to attack banks, non‑bank lenders, fintech firms and cryptocurrency exchanges. The group is reported to exploit holidays and periods of low monitoring to breach these financial institutions. CERT-In issued an advisory on Wednesday detailing the campaign and urging heightened vigilance across the sector.

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