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CYBERATTACKS ON FINANCIAL INSTITUTIONS
Cyberattacks affect 20 financial institutions; CERT-In warns on API vulnerabilities and security measuresAround 20 financial institutions were affected by cyberattacks earlier this month, with hackers allegedly exploiting stolen partner-bank cr...- Surging bond yields wreak havoc on Dalal Street, but IMF sees more pain ahead. Why AI is one of the culpritsThe IMF has flagged three risks to global financial stability: an AI-driven market correction, rising sovereign bond yields and cyberattack...
- Bill Gates says AI’s immediate danger comes from people, what could happen next?Bill Gates warned that the next year could bring “a lot of negative surprises,” especially in the form of cyberattacks. He said the danger ...
- Chinese AI tool pulled to prevent 'misuse' after South Korea hacksIn light of alarming bank hacks, the Chinese AI cybersecurity tool Artex has been taken offline. Major data breaches affecting tens of thou...
- Suspect behind South Korea bank hacks may be 26-year-old in China, CrowdStrike saysThe suspect behind recent cyberattacks targeting South Korea's financial sector may be a 26-year-old based in China's Guangdong province, U...
- South Korea's Lee says AI appears to have been used in bank hacksSouth Korean President Lee Jae Myung said on Tuesday that AI models are believed to have been used in some recent hacking incidents against...
- India needs its own AI safety framework, not a copy of US pact: Industry expertsIndia should build its own artificial intelligence (AI) safety framework suited to its languages, scale, and application-led AI ecosystem r...
- South Korean president orders probe into data leaks across financial industryFinancial Services Commission (FSC) Chairman Lee Eog-weon convened an emergency meeting with financial industry associations, regulators an...
- India needs its own AI safety framework, not a copy of US pact: Industry expertsIndustry experts say India should develop an AI safety framework tailored to its own languages, scale and application-driven ecosystem rath...
- Next financial crisis may stem from cyberattack or geopolitical shock, RBI governor saysRBI Governor Sanjay Malhotra said the next financial crisis may be triggered by geopolitical shocks, cyberattacks or technology failures ra...
- AI tools suspected in Korea’s Shinhan Bank hack, Yonhap SaysAttackers probably used sophisticated AI agents to probe for vulnerabilities and gain unauthorized access to a service used by loan recruit...
- Banks’ biggest risks may now sit inside their tech stack: RBI Deputy Governor Rohit JainRBI Deputy Governor Rohit Jain said technology is no longer merely an enabler for banks but is becoming their “risk architecture”, making t...
- A look at AI doomsday scenarios that researchers say could put humanity at riskAI researchers are debating whether increasingly powerful systems could pose existential risks, from enabling bioweapons and cyberattacks t...
- Worries about an AI internet takeover gain new urgency among doomsday scenariosWhat companies have described as their AI agents going rogue has involved bots working toward goals set by humans, skeptics note. But the i...
- The more AI banks deploy, the bigger the cyber battlefield getsIndian banks and fintech firms face growing AI-powered cyber threats. Attackers use AI to find vulnerabilities faster than before. Financia...
- Sebi proposes extending cybersecurity rules to subsidiaries of MIIsSebi proposes extending its IT and cyber security framework to MII subsidiaries, seeking to close oversight gaps involving critical technol...
- GFF 2026: AI adoption is no longer a choice; responsible adoption is, says FM SitharamanFinance Minister Nirmala Sitharaman stressed responsible AI adoption over avoidance. Institutions must manage AI risks and avoid legacy sys...
- GFF 2026: FM Sitharaman on India’s tech leap, demographic dividend, AI risks and road to global scaleGlobal Fintech Fest: Sitharaman said that India was experiencing its demographic dividend in real time, with the country’s young population...
- India cannot build its digital economy on ‘borrowed trust’: QNu Labs CEO Sunil GuptaIndia must build sovereign digital trust layers for its expanding digital economy. The nation is transitioning to quantum-safe security, mo...
- AI cyber risk is biggest immediate threat to global financial stability: FSB chair Andrew BaileyFinancial Stability Board Chair Andrew Bailey highlighted AI's immediate cyber risk concerns. He warned AI could accelerate cyberattacks, i...
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