{
  "id": 17909657,
  "title": "From SBI to Binance, how financial institutions are becoming cyberattack targets",
  "url": "https://urgent.news/2026/11/03/from-sbi-to-binance-how-financial-institutions-are-becoming",
  "topic": "tech",
  "section": "Tech",
  "published": "2026-11-03T04:41:17.000Z",
  "source": {
    "name": "Economic Times Tech",
    "slug": "economic-times-tech",
    "url": "https://economictimes.indiatimes.com/tech/technology/from-sbi-to-binance-how-financial-institutions-are-becoming-cyberattack-targets/articleshow/135482338.cms"
  },
  "original_language": "en",
  "account": null,
  "summary": "Financial institutions worldwide, including major players like Binance and the State Bank of India (SBI), are increasingly becoming targets of cyberattacks. The incidents highlight the growing vulnerability of sensitive customer information and funds in the face of sophisticated hacking techniques. In recent months, Binance reported a significant security breach, with an estimated loss of around $6.3 billion due to unauthorized cryptocurrency withdrawals, while SBI is currently investigating a suspected data leak involving nearly 3,900 customer records. The rise in cyberattacks targeting financial institutions in India is a growing concern, with hackers employing various methods such as stolen employee credentials, weak APIs, third-party service providers, and poor passwords, exacerbated by the use of artificial intelligence to identify vulnerabilities and execute attacks more efficiently.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}