BusinessPhoto: MintMuthoot Microfin Increases IT Spending by 40% Amid AI Cyber Threats
Muthoot Microfin, a microfinance lender, has increased its IT spending by 40% to enhance cybersecurity against AI-driven cyberattacks targeting financial institutions. The company is also expanding individual lending and has reported stronger profits and improved asset quality, reflecting its strategic response to changing rural demand and evolving cyber threats.
Mint·




