TechnologyPhoto: Deccan HeraldIndia Cyber Agency Warns Banks of AI-Driven Multi-Crore Frauds
India’s central cyber security agency has warned banks, NBFCs, and fintech firms about AI-powered cyberattacks causing multi-crore fraudulent transactions. The Indian Cyber Crime Coordination Centre (I4C) and CERT-In urged urgent implementation of critical security measures. Attackers exploit unpatched software and misconfigured servers, targeting automated fund disbursement and payment APIs, often deleting records to evade detection.
Deccan Herald··New Delhi



