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I4C warns banks, NBFCs of AI-powered hacks

I4C has warned banks, NBFCs and fintech firms about AI-powered cyberattacks that enable hackers to execute fraudulent transactions at machine speed. The agency has flagged multi-crore unauthorised fund…

By Storywire Newsdesk Published
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I4C warns banks, NBFCs of AI-powered hacks
I4C warns banks, NBFCs of AI-powered hacks — image via Economic Times — Credit: Economic Times

Attributed summary

I4C has warned banks, NBFCs and fintech firms about AI-powered cyberattacks that enable hackers to execute fraudulent transactions at machine speed. The agency has flagged multi-crore unauthorised fund transfers, urged financial institutions to strengthen API security and directed them to report cyber incidents to CERT-In and RBI within six hours.

Read the original report — Economic Times

Storywire publishes attributed summaries for discoverability. Full reporting remains with the original publisher — we do not republish restricted full text.

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