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AI-driven cyberattacks could put banks at risk of multi-crore fraud, Indian agencies warn

AI-driven cyberattacks could put banks at risk of multi-crore fraud, Indian agencies warn

What's behind this

On November 5, India’s Computer Emergency Response Team (CERT‑In) issued a fresh warning to banks, non‑banking finance companies, fintech firms and cryptocurrency exchanges after a sharp rise in unauthorized fund transfers linked to the AI‑driven hacking group Crafty Falcon. The agency said the attackers use artificial‑intelligence‑powered tools that can operate quickly, often exploiting holidays and periods of low monitoring. CERT‑In flagged the campaign as a critical threat to the financial sector and urged institutions to strengthen defenses against the escalating attacks.

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  • right · 1 outlet

    India's cyber security agencies have flagged a growing trend of financially motivated cyber attacks targeting banks, non-banking financial companies (NBFCs) and fintech firms. The National Cybercrime Threat Analysis Unit (NCTAU) of the Indian Cyber Crime Coordination Centre (I4C), along with CERT-In…

    — India TV

RSS excerpt

India's cyber security agencies have flagged a growing trend of financially motivated cyber attacks targeting banks, non-banking financial companies (NBFCs) and fintech firms. The National Cybercrime Threat Analysis Unit (NCTAU) of the Indian Cyber Crime Coordination Centre (I4C), along with CERT-In…

Coverage arrived over 7 hours — first from The Hindu BusinessLine, latest from The Hindu BusinessLine.

✓ Corroborated Coverage 2 news outlets reporting

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India TV Right Independent News Service Current article

AI-driven cyberattacks could put banks at risk of multi-crore fraud, Indian agencies warn

India's cyber security agencies have flagged a growing trend of financially motivated cyber attacks targeting banks, non-banking financial companies (NBFCs) and fintech firms. The National Cybercrime Threat Analysis Unit (NCTAU) of the Indian Cyber Crime Coordination Centre (I4C), along with CERT-In…

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