{"id":827255,"date":"2024-06-28T10:52:46","date_gmt":"2024-06-28T05:22:46","guid":{"rendered":"https:\/\/telecomlive.in\/web\/?p=827255"},"modified":"2024-06-28T10:52:46","modified_gmt":"2024-06-28T05:22:46","slug":"ai-3rd-party-tech-likely-to-intensify-risks-of-cyberattacks","status":"publish","type":"post","link":"https:\/\/telecomlive.in\/web\/2024\/06\/28\/ai-3rd-party-tech-likely-to-intensify-risks-of-cyberattacks\/","title":{"rendered":"AI, 3rd-party tech likely to intensify risks of cyberattacks"},"content":{"rendered":"<p>Mumbai: The Reserve Bank of India has expressed concerns over risks arising from financial institutions&#8217; dependence on artificial intelligence and third-party information technology. This risk could intensify in tightly interconnected institutions, the central bank said in its bi-annual Financial Stability Report.<\/p>\n<p>A major cyber incident in these IT service providers may in turn impact multiple regulated entities simultaneously, causing a cyberattack on a system-wide level. &#8220;In the recent past, multiple incidents involving payment and settlement systems have led to significant disruptions in interbank transactions and payment failures,&#8221; the report stated.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Mumbai: The Reserve Bank of India has expressed concerns over risks arising from financial institutions&#8217; dependence on artificial intelligence and third-party information technology. This risk could intensify in tightly interconnected institutions, the central bank said in its bi-annual Financial Stability Report. A major cyber incident in these IT service providers may in turn impact multiple regulated entities simultaneously, causing a cyberattack on a system-wide level. &#8220;In the recent past, multiple incidents involving payment and settlement systems have led to significant disruptions in interbank transactions and payment failures,&#8221; the report stated.<\/p>\n","protected":false},"author":7,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[59,4,10],"tags":[],"class_list":["post-827255","post","type-post","status-publish","format-standard","hentry","category-it-2-the-economic-times","category-newspapers","category-the-economic-times"],"acf":[],"_links":{"self":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/827255","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/users\/7"}],"replies":[{"embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/comments?post=827255"}],"version-history":[{"count":0,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/827255\/revisions"}],"wp:attachment":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/media?parent=827255"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/categories?post=827255"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/tags?post=827255"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}