Cyberattacks hit NBFCs; Pine Labs Q2 profit zooms
Cyber criminals are targetting smaller NBFCs with specialised AI toolkits. This and more in today’s ETtech Top 5.
Cybercriminals are specifically targeting small non-banking financial companies (NBFCs) using advanced AI tools. This trend has become increasingly common in recent months, with some companies experiencing repeated attacks. The perpetrators are exploiting weak cybersecurity measures at these NBFCs, with a focus on those with turnovers of approximately Rs 1,000 crore or lower. A total of 8,502 NBFCs are registered with the banking regulator, with complaints filed across major cities such as Mumbai, Delhi, and Chennai.
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