India's cyber crime coordination centre has alerted banks, NBFCs and fintech firms that criminals are using AI agents to breach payment systems and move stolen funds at machine speed. The advisory, issued with CERT-In, urges patching of exposed servers, audits of payment APIs and incident reporting within six hours. Over 53.87 lakh cyber fraud complaints were logged between 2023-24 and 2025-26.
I4C warns banks, fintech of AI-powered fraud at machine speed
Source: New Indian Express