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AI FINANCIAL SYSTEM BLACKOUT
SBI-led banking alliance comes together to mount a defence to AI threatsIndian Banks' Association, led by State Bank of India, is developing a strategy for cybersecurity in the AI era. The initiative focuses on ...- AI turns cyber threat into boardroom crisisIn India, State Bank of India disclosed that 375,000 customer records had been leaked on the dark web, while vulnerabilities in eMudhra’s d...
- Central cyber security agency warns banks, NBFCs of AI attacks; I4C reveals how hackers are executing multi-crore fraudsI4C has warned banks, NBFCs and fintech firms about AI-powered cyberattacks that enable hackers to execute fraudulent transactions at machi...
- India cybercrime agency warns financial firms on AI attacks"These attacks are financially motivated and are being carried out with the help of Artificial Intelligence (AI) agents leading to machine ...
- 'Chernobyl-like' blackout soon: 'Godfather of AI' predicts crisis this year or next; Nobel laureate Geoffrey Hinton warns of risks to financial markets & power systemsAI could trigger a 'Chernobyl-like' crisis this year or next, Nobel laureate Geoffrey Hinton has warned, cautioning that the technology cou...
- India's payments authority NPCI forms unit to push into AI, blockchain techThe National Payments Corporation of India has created a technology subsidiary known as NPCI Tech Solutions Limited. This new unit will foc...
- India's payments authority NPCI forms unit to push into AI, blockchain techThe payments authority's chief technology officer Vishal Kanvaty, who has been associated with NPCI for nearly a decade, has been appointed...
- Human control must set limits on superintelligence, says OpenAI's Sam AltmanOpenAI Chief Executive Officer Sam Altman has said that human control over the future must remain a fundamental condition for artificial in...
- Days before Washington DC power outage, US Department of Energy had issued warningOn Monday, a power outage hit the Foggy Bottom area of Washington DC, leaving over 1,100 residents in the dark. The incident was caused by ...
- Fridge hacks and finance attacks flag AI insecurityThe growing use of AI in cyberattacks could pose a major threat to the global economy, financial markets and critical infrastructure, accor...
- From SBI to Binance, how financial institutions are becoming cyberattack targetsRecent incidents involving cryptocurrency exchange Binance and Indian public sector lender State Bank of India (SBI) have once again put th...
- Indian companies trust AI with greater autonomy but struggle to prove financial returns: ReportIndian companies are shifting towards AI-driven processes to enhance operational efficiency, but there's a catch. Despite the optimistic ou...
- Anthropic warns it’s close to self-building AI: Here’s why experts are worriedAnthropic has unveiled fresh financial details for its upcoming IPO, reaffirming its dedication to maintaining human oversight in AI develo...
- AI on the clock as fintechs demand payoff for spendsSeptember-quarter earnings calls of Paytm, Pine Labs, Groww, PB Fintech, Kissht and Mobikwik reveal a shift across payments, stockbroking, ...
- Digital payments firms race to fortify defences as cyberattacks intensifyAt Bengaluru-based Cashfree, attempted attacks have been taking place repeatedly over the past three weeks, occurring at least 10 times as ...
- Accountability tames AI autonomy as DSCI outlines its liability frameworkIn the framework titled AI Liability: Industry Guidance for Agentic AI, DSCI said assigning liability solely to the organisation deploying ...
- TRAI proposes board-approved AI policies, risk classification and mandatory incident reporting for telecom operatorsTRAI has proposed draft guidelines requiring telecom operators using AI to adopt board-approved policies, classify AI systems by risk and r...
- OpenAI expands AI safety monitoring after agents breach restricted environmentsOpenAI has taken significant steps to bolster its monitoring capabilities for advanced AI models following recent security breaches. In a c...
- Alphabet’s AI risks deepen as filing reveals $98 billion in commitments beyond the $1 trillion spendingIn a recent regulatory disclosure, Alphabet reveals financial risks linked to its massive AI investments that surpass $1 trillion. The firm...
- Indian IT firms poised to benefit from enterprise AI adoption as infrastructure costs rise: ReportIndian information technology (IT) companies are well-positioned to benefit from the growing adoption of artificial intelligence (AI) by en...
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