Government Warns Indian Lenders of AI-Driven Cyber Attacks
India's cyber security agency CERT-In has warned non-bank lenders and fintech firms that AI-assisted attacks on financial systems are still active. It calls the threat an immediate and continuing risk for banking, financial services and insurance entities, and asks them to treat it that way.
Quick glossaryCERT-In, NBFCs, BFSI
- CERT-In
- India's national agency for computer security incidents, set up under the IT ministry and known for handling cyber alerts.
- NBFCs
- A lender that gives loans and similar services but cannot take ordinary savings deposits the way banks do.
- BFSI
- Short form for banking, financial services and insurance, the group of businesses that handle money, loans and insurance cover.
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