CERT-In Flags AI-Driven Cyberattacks On Indian BFSI
CERT-In issued a critical advisory on November 4, 2026, alerting banking, financial services and insurance entities to an escalating campaign of AI-assisted cyberattacks. The threat actor, identified as 'CRAFTY FALCON', leverages artificial intelligence to identify targets, execute attacks rapidly, and exploit financial entities' own payment and disbursement APIs to authorise unauthorised transfers. The campaign has persisted despite remediation efforts, with repeat attacks targeting previously affected organisations, some with incomplete remediation.
Key points
- CERT-In identifies AI-driven cyberattack campaign targeting Indian BFSI sector
- Threat actor CRAFTY FALCON uses machine intelligence for targeting and rapid execution
- Attacks continue against organisations that previously implemented remediation measures
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