29-Oct-2026 10:23:51
AI-Assisted Cyberattacks Siphon ₹300 Crore From Small NBFCs in Two Months; 150 Cases Reported
Cyberattacks have reportedly siphoned off around ₹300 crore from smaller non-banking financial companies (NBFCs) across India over the past two months, with nearly 150 complaints and FIRs filed, according to The Economic Times. Investigators suspect attackers used AI tools and hacking platforms to exploit weak cybersecurity systems and manipulate payment processes. Some lenders reportedly suffered repeated attacks. CERT-In has separately warned of campaigns targeting financial firms through vulnerable applications and payment APIs, with AI potentially accelerating the attacks.