I4C warns banks, NBFCs of AI-powered hacks

economictimes.indiatimes.com ·2h ago

The Indian Cyber Crime Coordination Centre (I4C) has issued an alert to banks, non-banking financial companies (NBFCs) and fintech firms regarding the increasing threat of AI-powered cyberattacks. The National Cybercrime Threat Analysis Unit (NCTAU) of I4C has reported cases of unauthorized transactions exceeding crores of rupees through compromised fund disbursement systems and application programming interfaces (APIs).

The agency warns that cybercriminals rapidly delete records after stealing money, making investigations more challenging. I4C, in collaboration with the Indian Computer Emergency Response Team (CERT-In), urges financial institutions to promptly implement security measures outlined in critical-severity CERT-In advisories.

Written by urgent.news from The Economic Times's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.

Read the original at economictimes.indiatimes.com →

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