CERT-In flags China-Linked AI cyberattacks on Indian banks: Hackers exploit holidays, low-monitoring windows
India's cybersecurity agency, CERT-In, has flagged AI-driven cyberattacks targeting banks, non-banking lenders, fintech firms and cryptocurrency exchanges by a hacking group called Crafty Falcon.
On November 4, the Indian Computer Emergency Response Team (CERT-In) warned of AI-powered cyberattacks on Indian banks. The attacks, allegedly conducted by a hacking group called "Crafty Falcon" with the assistance of four AI tools, target financial institutions including non-banking lenders, fintech firms, and cryptocurrency exchanges.
CERT-In identified four tools used in the campaign: ARTEX, PentAGI, Cairn, and CyberStrikeAI. The agency noted that attackers exploit existing payment mechanisms and operate during low-monitoring periods like weekends and holidays to carry out unauthorized fund transfers. CERT-In has not identified the behind Crafty Falcon or determined if the attacks are state-sponsored.
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