Rs. 300 Cr lost in AI cyberattacks on NBFCs: Why did the public learn about it from the media, not regulators?
Attackers targeted smaller NBFCs using a combination of Chinese AI toolkits like CyberStrike and Artex alongside open-source models. The report criticizes Indian regulators for failing to disclose these breaches publicly, leaving the media to report the losses.
Key points
- Rs. 300 crore lost by smaller Indian NBFCs
- Attackers used AI tools including DeepSeek, Qwen, and CyberStrike
- Over 150 FIRs have been filed
- Criticism of RBI and CERT-In for lack of public disclosure
Summary and key points written by AI from the headline and a short excerpt, so they can be incomplete or wrong. MediaNama did the reporting; read the original for the full story.
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