Cyber criminals are reportedly targeting smaller NBFCs, or non-banking financial companies, using specialised AI toolkits. The warning comes in today's ETtech Top 5 briefing for India, which also highlights Pine Labs' sharp jump in Q2 profit. Lenders and their customers should be alert to scams and data theft.
Quick glossaryNBFCs, Pine Labs, AI toolkits
NBFCs
Non-banking financial companies are lenders that offer loans and credit without being regular banks.
Pine Labs
Pine Labs is an Indian company that provides payment machines and payment services for shops and businesses.
AI toolkits
Ready-made sets of AI software tools that help people carry out tasks like writing messages or finding targets quickly.
Microsoft is offering voluntary buyouts to some of its employees. The Verge reports this follows CEO Satya Nadella's remarks about AI changing how many people the company employs. The writer calls this week's buyout offer the clearest sign yet that Microsoft's workforce will shrink as AI grows.
Quick glossaryMicrosoft, voluntary buyouts
Microsoft
A large US technology company best known for its Windows operating system, Office apps and Azure cloud services.
voluntary buyouts
Money offered to employees who choose to leave their jobs, rather than being forced out by the company.
A new report says many teenagers turn to AI tools when they feel distressed. It flags mental health risks linked to this habit. The findings were reported by WZTV, a local TV station. The headline gives few details, so readers may want the full report for specifics.
Quick glossaryWZTV
WZTV
A local television station that published this report about teens and AI.
A new law in New York will ban artificial intelligence features for children. The move puts the state among the places trying to set limits on how kids can use AI. The report did not give details on how the ban will be enforced.
Quick glossaryAI features
AI features
Built-in tools powered by artificial intelligence that a app or device uses to answer questions, create content or act on its own.
GoDaddy, a company that helps people set up websites, says an attack driven by AI exposed some information about its website customers. The report, dated 28 October, did not say how many people were affected. It is another sign that attackers are now using AI tools too.
Quick glossaryGoDaddy, cyberattack
GoDaddy
GoDaddy is a US company best known for selling website domain names and web hosting for small businesses and individuals.
cyberattack
An attempt by hackers to break into computer systems, steal data or cause damage to them.
A GitHub issue reports that installing the claude-mem tool uploads a user's last 30 days of prompts to cmem.ai without asking first. Prompts can hold private work, code and personal details. Users who installed it may want to check what data was shared.
Quick glossaryclaude-mem, opt-in, prompt
claude-mem
A tool named in the story that users install and that reportedly sends their prompts to an outside website.
opt-in
Permission a user must actively give before a service is allowed to collect or share their data.
prompt
The question or instruction a person types into an AI chatbot or tool to get a response.
Chinese AI labs are now mainly using OpenAI's most powerful model, GPT-6 Astra, instead of Anthropic's Claude. The shift follows Anthropic tightening its defences. The report points to a growing competition and security concern among the world's top AI models.
Quick glossaryOpenAI, Anthropic, AI labs
OpenAI
OpenAI is a San Francisco-based AI company best known for creating the ChatGPT chatbot.
Anthropic
Anthropic is an AI company based in the United States, best known for its Claude chatbot and models.
AI labs
AI labs are research groups or companies that build and test advanced artificial intelligence systems.
A new study reports that when voice assistants are designed to sound human, people tend to overlook security risks. The friendly, lifelike voices can make users trust these tools more than they should. If you use voice assistants for banking or personal tasks, it is worth staying cautious and checking settings.
Quick glossaryKU News, Voice assistant
KU News
The news outlet that published this story, whose wider background is not described in the input.
Voice assistant
A program you talk to, like a smart speaker helper, that answers questions and carries out simple tasks for you.
Michigan is using artificial intelligence to try to address violence inside its prisons. The headline gives no further details about which tools are used or what results have been seen so far.
Quick glossaryMichigan
Michigan
A US state in the Midwest region, best known for its Great Lakes shoreline and its car industry.
Granola, an AI app that takes notes during meetings, is adding a dictation feature so people can speak instead of type. The move comes after rival Wispr added meeting notes to its dictation app. Both companies now compete on voice AI tools that handle both tasks.
Quick glossaryGranola, dictation, voice AI
Granola
Granola is an AI app best known for taking notes during meetings, as described in the story.
dictation
Turning spoken words into typed text, so you can speak instead of typing on a keyboard.
voice AI
Artificial intelligence software that understands and responds to spoken words, like voice assistants on phones and computers.
The UK Home Office, the government department that handles immigration, is facing scrutiny over its use of artificial intelligence in asylum cases. Asylum decisions affect whether people fleeing danger can stay in the country. The report raises questions about how fairly AI is being used in these decisions.
Quick glossaryHome Office, Asylum
Home Office
The Home Office is the UK government department responsible for immigration, border control, and national security.
Asylum
Asylum is legal protection that a country gives to people who have fled danger in their home country.
Andhra Pradesh has put the estimated loss from Cyclone Arnab at ₹4,600 crore. A central team is due to reach the state on October 30 to assess the damage. Officials say normal services are back in 71 of 85 affected locations, and the state has asked Telangana to send 1,000 personnel for power restoration in the Godavari region.
Context
Context: Cyclones are storms with strong winds and heavy rain that can flood coastal areas. After a disaster, states usually ask the central government for money to repair roads, homes and farms, and a central team checks the damage first.
The Indian Coast Guard rescued 20 crew members from the bulk carrier Sigma Pearl. The Singapore-bound ship had been stranded off the Kakinada coast since the night of October 27. Reports say an engine failure caused the ship to stop.
Context
Context: Bulk carriers are large cargo ships that move goods like coal and grain across the sea. When a ship loses power far from port, the crew can face serious danger, which is why coast guards step in quickly.
The India Meteorological Department says a low-pressure area brewing over the Bay of Bengal may strengthen over the next three days. It formed over the Andaman Sea and is moving toward the Andhra Pradesh coast. The coastal districts may receive heavy rain from November 1.
Context
Context: Low-pressure areas over the Bay of Bengal often bring heavy rain and sometimes grow into cyclones on India's east coast. The state has already faced Cyclone Arnab and floods this season, so people there are watching these forecasts closely.
Reports link a deadly Spanish train crash that killed 68 people to a technical glitch and three operator errors. Audio is said to reveal exchanges between the control centre and the drivers before the crash. Coverage describes it as Spain's second high-speed rail tragedy this year.
Context
Context: Spain's high-speed rail network is one of the largest in Europe, so safety checks and train control systems matter to millions of riders. A second major crash this year raises questions for passengers about how these systems are run.
Kerala's Health Minister K. Muraleedharan said a medical board will probe whether expired Remdesivir was used on Nipah patients and whether it led to their deaths. The concern is about medicines that were past their expiry date being given to people being treated for the virus.
Context
Context: Nipah is a rare virus that spreads from animals to people and has caused outbreaks in Kerala before. Remdesivir is an antiviral medicine first developed for other infections, so its use in these patients is being checked closely.
Heavy rain after Cyclone Arnab has hit Odisha's Ganjam and Gajapati districts hard. More than 200 villages across 22 blocks are badly affected, with roads washed away, villages cut off and three rivers in spate. Residents in marooned villages face danger as rivers stay high, so official updates matter for families there.
Context
Context: Odisha's coast is hit by cyclones most years, and Bay of Bengal storms often bring heavy rain to inland districts too. Ganjam and Gajapati are southern districts that frequently face flooding when rivers swell after storms.
Three fishermen who had been missing have been rescued. The headline gives no further details on where or how the rescue happened.
Context
Context: Fishermen at sea can go missing in storms or engine failures, and rescues are often carried out by coast guard or local boats. Such incidents are a regular risk for coastal families who depend on fishing for income.
Odisha is preparing to airlift people stranded by floodwater caused by Cyclone Arnab. Two rain gauge stations in Ganjam district, at Patrapur and Sorada, recorded more than 50 cm of rain in just 24 hours, showing how extreme the downpour has been.
Context
Context: Cyclones form over warm seas and often bring heavy rain and flooding to India's east coast, where Odisha is among the most exposed states. Airlifts are used when roads are cut off, so the scale of the floodwater is serious.
Cyclone Arnab has damaged farms in Andhra Pradesh. Chief Minister Naidu has sought central aid after an aerial survey of the area.
Context
Context: Cyclones form over warm seas and bring strong winds and heavy rain, and recovery often takes months. Central aid is usually sought through the national government when a state's losses are large, so the request is the next step in the relief process.
A Russian drone slammed into a train platform in Ukraine, and authorities say 13 people were killed. Ukrainian Railways said the train was supposed to be heading for Zaporizhzhia. The report comes from Ukrainian authorities, so the full details may still be developing.
Context
Context: Russia has been fighting a full-scale war with Ukraine since February 2022, and attacks on rail and civilian areas have been a repeated concern. Zaporizhzhia is a major city in southeastern Ukraine.
Flash floods have left villages on the Andhra Pradesh-Odisha border inundated. Traffic on National Highway 16 is also disrupted.
Context
Context: Andhra Pradesh and Odisha sit along the Bay of Bengal, where heavy rain and river floods are common in the post-monsoon season. NH-16 is a major east-coast highway linking Kolkata and Chennai, so disruptions affect freight and travel.
Andhra Pradesh Chief Minister Chandrababu Naidu visited areas hit by the cyclone, and the damage estimate has now reached Rs 4,600 crore. He also asked about crop insurance coverage and the relief work that is still going on. The figure shows the scale of losses the state is still counting.
Context
Context: Andhra Pradesh is a coastal state on the Bay of Bengal, where cyclones often destroy crops and homes. Crop insurance matters because it can help farmers recover money lost when a harvest is damaged.
The Coast Guard airlifted six people stranded at a flooded health centre in Odisha. The rescue happened as Cyclone Arnab brought flooding to the state.
Context
Context: Cyclones form over the Bay of Bengal and often hit Odisha's coast, bringing strong winds and flooding that can trap people in low-lying areas. Rescues like this show how quickly the danger can reach health facilities and homes.
Cyclone Arnab has claimed five lives in Andhra Pradesh. Naidu has announced a relief package, with Rs 5 lakh ex gratia for each victim. Aid will also go to farmers, fishermen, households and businesses. A railway bridge near Ichchapuram has been flooded, so trains are cancelled or diverted, and a special train runs between Visakhapatnam and Palasa for stranded passengers.
Context
Context: Cyclones form over the Bay of Bengal and often hit the Andhra coast in the late-year season, bringing strong winds and heavy rain. Ex gratia is a payment given to families of people who die in a disaster, not a legal compensation claim.
Rivers in north Andhra Pradesh are in spate after Cyclone Arnab, and flood water has entered Ichchapuram town. In Vizianagaram district, a junior lineman died after falling from an electric pole while repairing power lines. His death adds to the storm's impact on the region.
Context
Context: Cyclones form over the Bay of Bengal and often bring heavy rain that swells rivers along the Andhra Pradesh coast. Floodwater can cut roads and power lines, which is why repair crews often work in dangerous conditions.
The Supreme Court will look again at the Reserve Bank of India's KYC rules, the identity checks banks use before opening accounts. The review aims to curb cyber frauds and mule accounts, where bank accounts are used to move money obtained illegally.
Context
Context: KYC, or Know Your Customer, is the process banks follow to confirm who their customers are. Mule accounts are often opened with stolen or borrowed identities, and online fraud has been rising in India, so the court's review could change how accounts are opened.
Spain has begun three days of mourning after a train collision killed 68 people. Videos from the scene show overturned carriages, injured passengers and widespread devastation. The crash has left families and communities across the country grieving.
Context
Context: Spain runs one of Europe's largest high-speed rail networks, so a crash of this size is rare and draws national attention. Investigations into the cause are normally led by authorities, and their findings usually shape rail safety rules.
Iran says four tankers caught fire after hitting mines in the Strait of Hormuz. According to its statement, the vessels had switched off their radar and navigation systems and ignored warnings from the IRGC navy. These claims come from Iran itself, so they have not been independently confirmed.
Context
Context: The Strait of Hormuz is a narrow sea route between Iran and Oman through which a large share of the world's oil passes. Tensions there often push fuel prices up, which matters for India because it imports most of its oil.
Cyclone Arnab has hit several states. Union Home Minister Amit Shah spoke to the chief ministers of Andhra Pradesh, Puducherry, Odisha and Chhattisgarh and promised central help. Nine deaths have been reported in Andhra Pradesh, and people had to be evacuated. NDRF and SDRF teams are working on rescue and relief.
Context
Context: Cyclones form over the Bay of Bengal and often bring heavy rain and strong winds to coastal states. NDRF is the National Disaster Response Force, and SDRFs are the state-level teams that work alongside it.
The Supreme Court has said banks should act as a protective umbrella for customers and must compensate people who lose money to digital fraud. The remark suggests banks may be held responsible when customers are cheated online. For ordinary account holders, this touches their savings directly.
Context
Context: Online scams such as fake payment links and phishing calls are common in India, and victims often struggle to get lost money back. The Reserve Bank of India already has rules on customer liability for unauthorised digital transactions, so this view adds pressure on banks.
An oxygen cylinder exploded inside an ambulance in Pakistan, killing at least 10 people. A local police official said patients were being moved to another hospital when the blast happened. Images from social media and TV showed flames engulfing the vehicle, with one door left open.
Context
Oxygen cylinders hold gas under high pressure, so damage, heat or poor handling can make them dangerous. Ambulances carry them to keep patients alive during transfers, which makes incidents like this a serious safety concern for emergency care.
A Class XI student in Coimbatore ended his life after caste-based harassment involving classmates and a teacher. The case has renewed concern that caste identity still divides students in Tamil Nadu's schools, despite decades of social reform. The story examines how caste prejudice affects students day to day.
Context
Context: Tamil Nadu has a long history of social reform movements that aimed to end caste discrimination. Schools are meant to be safe spaces, so cases like this raise questions about how teachers and institutions respond to bullying.
Officials at the Belagavi Institute of Medical Sciences Hospital in Karnataka have been told to withdraw expired medicine. The order came during a surprise visit by Upalokayukta Veerappa and Lokayukta officials. The visit was unannounced, so the hospital had no time to prepare.
Context
Context: The Lokayukta is a state ombudsman that looks into complaints of corruption and poor administration, and the Upalokayukta is its deputy. Expired drugs can lose strength or cause harm, so checks on public hospital stock matter to patients who rely on them.
El Salvador is sending 2,000 troops to Haiti to recover four missing military personnel. The four went missing in an ambush on the outskirts of Port-au-Prince, the Haitian capital. The troops are trying to bring them back, and the search effort is now under way in the area.
Context
Context: Haiti has faced gang violence for years, and gangs control large parts of Port-au-Prince. A multinational security mission has been supporting Haitian police since 2024, which is the wider effort this search fits into.
Ukraine says at least 13 people were killed in a Russian attack on a train station. President Volodymyr Zelenskyy called the strike horrific. He said the attack hit a platform where a commuter train and a passenger train were standing.
Context
Context: Russia and Ukraine have been at war since 2022, and attacks on rail and transport hubs have caused repeated civilian casualties. Such strikes raise concern about safety for ordinary travellers in the region.
The weather department has forecast strong thunderstorms and hailstorms in Delhi-NCR for October 30. Heavy to very heavy rain is expected in Andhra Pradesh, Bihar and Uttar Pradesh, among other regions. A new low-pressure area has also formed, adding to the weather picture across several states.
Context
Context: Low-pressure systems over the Bay of Bengal often grow into cyclones and bring heavy rain to coastal and inland states. Checking local weather alerts helps families plan travel and protect homes and crops.
The Chief Justice of India said he was baffled by digital arrests, a type of scam now under the court's attention. The top court said that preparing reports after an incident has occurred will not solve the problem. Its remarks came during a hearing on the issue.
Context
Context: A digital arrest is a scam where fraudsters pretend to be officials on a phone or video call and demand money from victims. The Supreme Court is also examining whether banks must compensate people who lose money to digital fraud.
Cyclone Arnab has flooded a railway bridge near Ichchapuram in Andhra Pradesh. Trains on the route have been cancelled or diverted. Railways are running a special train between Visakhapatnam and Palasa to bring stranded passengers home, so travellers should check schedules before setting out.
Context
Context: Cyclone Arnab is a storm hitting India's east coast with heavy rain and flooding in Andhra Pradesh and Odisha. Palasa and Visakhapatnam sit on the main coastal rail line that links northern and southern India.
Cyclonic storm Arnab is expected to weaken into a depression today, October 29, according to the India Meteorological Department. Heavy rain has hit at least 17 districts in southern Odisha. In Andhra Pradesh, five people have died, and Chief Minister Naidu has announced relief measures for affected families.
Context
Context: Cyclones form over warm seas in the Bay of Bengal and often bring heavy rain to Odisha and Andhra Pradesh, two coastal states that are hit by such storms most years. The IMD, or India Meteorological Department, issues the official forecasts and warnings.
Cyclone Arnab made landfall in Andhra Pradesh, and five people were killed as it battered the state, according to a report. Flights were disrupted, and Calcutta was bracing for rain. The India Meteorological Department expects the cyclone to weaken into a depression on October 29.
Context
Context: Cyclones form over warm seas in the Bay of Bengal and Arabian Sea and often bring heavy rain and strong winds to coastal states. Once a cyclone weakens into a depression, the main danger usually comes from flooding and rain-related damage.
Food safety officials checked 45 packaged drinking water units across the state and issued notices to 24 of them. Thirty-two water samples were sent for testing. Misbranded water was seized in Mysuru and Davangere, and one unit in Mulbagal was shut down.
Context
Context: Packaged drinking water is sold in bottles and jars and is often chosen where tap water quality is a concern. Regulators such as the Food Safety department check labels, hygiene and quality, and lab testing can take time before results are known.
A Lancet analysis by 146 researchers from more than 100 institutions finds heat-related deaths have risen 36% since the Paris Agreement. The study tracks 54 indicators covering health impacts of climate change and the health effects of climate action, and it says climate action is lagging behind.
Context
Context: The Paris Agreement, signed in 2015, set global goals to limit warming and cut emissions. The Lancet is a long-running medical journal, and this report is a yearly health tracker for climate change, so it shows whether promises are turning into action.
A Rs 35 crore fraud involving Punjab National Bank has prompted advice for account holders. The report lays out five steps to take if money disappears from your account. The first step is to alert the bank as soon as you notice a transaction you do not recognise.
Context
Context: Bank fraud often involves transfers that the account holder did not authorise, and quick reporting to the bank is the usual first step to limit losses. Customers who act early usually have a better chance of recovering money.
Customers of a Punjab National Bank branch in Greater Noida reportedly lost Rs 35 crore. Several bank employees, including the branch manager, have been suspended. The customers say they received no message and signed no document for the transactions.
Context
Context: Banking fraud has been a growing concern across India, and the Reserve Bank of India has repeatedly urged customers to guard their account details and OTPs. Cases like this usually lead to investigations into both staff conduct and how the transactions were approved.
A train collision in Castilla-La Mancha, in central Spain, has killed 68 people and injured many more. Spain's workers' union CSIF has called for Transport Minister Oscar Puente to resign. The union's demand came after the crash, which has been described as tragic.
Context
Context: Castilla-La Mancha is a region in central Spain, and Oscar Puente is the minister responsible for the country's transport, including its railways. Spain's high-speed rail network is one of Europe's largest, so a crash of this scale draws close public and political attention.
Investigators are looking into recent freezer failures at US military commissaries, which may have been caused by cyberattacks. The failures raise concerns about food safety. In France, similar problems involved deliberate changes to refrigeration temperatures that spoiled food.
Context
Context: Commissaries are grocery stores run for US military members and their families, so keeping their food cold matters for safety. Cyberattacks on building and industrial control systems have become a concern for many organisations.
The BMC has told residents in parts of Mumbai, Thane and Bhiwandi to boil and filter their drinking water for seven days. The advice follows the recommissioning of a repaired reservoir at the Pise-Panjrapur water supply complex. The civic body warned that water quality could be affected.
Context
Context: BMC is Mumbai's municipal corporation, and it supplies water to the city through large reservoirs and pipelines. After a repaired reservoir restarts, the first water can carry sediment or contamination, so boiling is a simple safety step.
The Supreme Court warned authorities that it may take a harsh stand on firecrackers if its orders are not enforced. The court said air pollution in Delhi-NCR is a serious public health threat and that current firecracker laws must be followed.
Context
Context: Delhi-NCR often has very poor air in winter, and Diwali firecrackers are a major source of smoke. The Supreme Court has passed several orders on firecracker limits, so this warning is about whether those rules are actually being followed.
New audio recordings have emerged from the deadly Spain train crash. They appear to capture exchanges between the control centre and train drivers beforehand. The recordings suggest one high-speed train was cleared to move even though another ahead had stalled. The collision killed 68 people.
Context
Spain's high-speed rail network carries many passengers daily, and investigators usually review control signals and communications after a collision. Such records help them work out how a train was allowed to move on the same track.
A five-storey building in Delhi's Satya Niketan collapsed on September 6, killing seven people. The incident has highlighted unsafe housing conditions for students in the capital. Demand for affordable accommodation near institutions far outstrips supply, the report says.
Context
Context: Many students in Delhi rent rooms in older buildings near universities, often because cheap, nearby housing is scarce. Local civic bodies enforce building safety rules, so tenants usually have little control over structural checks.
Police have handed the alleged arson attack on the Kadavumbhagam synagogue to the National Investigation Agency, or NIA. Officers point to suspected cryptocurrency payments, reconnaissance videos and possible international terror links. These clues are the reason for a wider probe into the case. The case now moves to the central agency's wider investigation.
Context
Context: The NIA is India's central agency for investigating terror and other serious national security cases. Attacks on places of worship are closely watched, and agencies look for links across borders before drawing conclusions.
Police have busted a racket that used e-SIM connections in cyber fraud. The gang was linked to fake health camps and stolen identities. Three mobile phones were recovered during the investigation.
Context
Context: An e-SIM is a digital SIM activated remotely, without a physical card. Scammers prefer it because it can be set up using someone else's identity, which makes the fraud hard to trace back to them.
There have been 700 stubble burning cases in Punjab, and farm fires continue in Sangrur. Air pollution from the fires has reached Delhi.
Context
Stubble is the crop residue left after harvest, and farmers often burn it to clear fields quickly. The smoke mixes with cold-season weather and city traffic, which makes Delhi's air hazardous each autumn.
After the deadly train crash in Spain, the Indian Embassy in Madrid has shared an emergency helpline number and an email address for Indian nationals needing help. It also lists helplines for Spain's two rail operators, Renfe and Iryo, so people can get the right contact quickly.
Context
Context: Renfe is Spain's national state-run rail operator, while Iryo is a private high-speed rail company. Embassies usually publish helplines like these after accidents abroad so families can locate relatives and get consular help.
Charity workers in Belfast have warned that a drug needle site is closing. They say people who use the service will be left without support. The service is described as life-saving, and vulnerable people are at risk as it shuts.
Context
Context: Belfast is the capital of Northern Ireland, and needle sites are services where people who use drugs can get support to reduce harms such as overdose and infection. Closures like this often raise concern about how health and charity services are funded.
Dr. G.C. Khilnani has raised an alarm over growing air pollution, calling it a wake-up call. Polluted air can affect breathing and health for people who spend long hours outdoors, including children and older adults.
Context
Context: Delhi and many other Indian cities often see poor air in the winter, when cool weather and smoke from crop burning and vehicles can trap pollution near the ground. Doctors often advise limiting outdoor exercise on bad air days.
A fire at Vasco Market in Goa destroyed more than 150 shops. Officials said firefighters brought the blaze under control after more than four hours of work. Many small traders have likely lost their stock and their income, and the cause is not yet reported in this news.
Context
Context: Vasco da Gama is one of Goa's largest towns and a busy commercial hub. Markets packed with small shops can spread fire quickly, so fire safety and quick firefighting matter a lot in such places.
Local media report that a rock collapse in Turkey's Cappadocia region has killed two people. One of the area's famous rock formations, known as fairy chimneys, reportedly fell outside an open-air museum. The report is based on local media, so details are still being confirmed.
Context
Context: Cappadocia is a central Turkish region famous for its soft volcanic rock, carved into fairy chimneys over millions of years. It is a major tourist destination, so rock falls near visitor sites raise safety questions for both locals and travellers.