India cybercrime agency warns financial firms on AI attacks

India’s cybercrime agency has warned banks, non-bank lenders and other financial firms of cyberattacks carried out with the help of artificial intelligence agents, amid a surge in incidents targeting the sector.

“These attacks are financially motivated and are being carried out with the help of Artificial Intelligence (AI) agents leading to machine speed compromise,” the Indian Cybercrime Coordination Centre (I4C) said in an advisory made public on Wednesday.

The warning comes at a time when regulators around the world, including those in the US and Britain, are stepping up efforts to contain AI risks.